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Combating Global Warming

Possible Rules, Regulations and Administrative Arrangements for a Global Market in CO2 Emission Entitlements

  • Author: UN
  • Publication date: June 1995
  • Page count: 105
  • Language(s) in this book: English
  • Sales number: 95.II.D.4

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About the product

Leading industrial countries have committed themselves to limiting emissions of greenhouse gases to their 1990 levels by the year 2000. This publication explores the institutional requirements for both policy-making and the organization of a global market in carbon dioxide emission allowances. Part I discusses the possible administrative structure and procedures for implementing a tradeable entitlement approach to controlling global warming. Part II discusses model rules and regulations for a global carbon dioxide emissions credit market. It demonstrates that a simple pilot scheme can evolve gradually to a more complete system and states that it is not too soon for the launching of such a pilot scheme between major emitters.