- Title
- May Link Prevail! Or: A comparative analysis of lessons learnt from (not) linking carbon markets in Japan and Oceania
- Creator
- Rudolph, Sven; Aydos, Elena; Kawakatsu, Takeshi; Lerch, Achim; Joseph, Dellatte
- Relation
- Economic Instruments for a Low-Carbon Future p. 98-113
- Relation
- Critical Issues in Environmental Taxation 22
- Publisher Link
- http://dx.doi.org/10.4337/9781839109911.00020
- Publisher
- Edward Elgar Publishing
- Resource Type
- book chapter
- Date
- 2020
- Description
- What makes carbon market linking (un)successful, is the question addressed in our chapter. The Paris Agreement urgently needs underpinning by ambitious policies. Greenhouse gas cap-and-trade (GHG CaT), or carbon markets, promises both environmental and economic benefits, is allowed under the Paris Agreement, and has spread across the globe and all governance levels. Linking domestic schemes promises to make GHG CaT even more sustainable, i.e. more economically efficient, more environmentally effective and more socially just. Empirical evidence on (not)linking, however, is limited. Against this background, applying a sustainability economics approach, we comparatively analyze the successful Tokyo – Saitama and the failed New Zealand – Australia links with respect to the political process leading to (not) linking, the institutional setting, in which linking did (not) occur, and the consequences of (not) linking. By doing so, we identify the technical, institutional, and political prerequisites for successful linking as well as respective barriers to linking.
- Subject
- carbon market linking; enviornmental benefits; economic benefits; successful linking
- Identifier
- http://hdl.handle.net/1959.13/1438849
- Identifier
- uon:40741
- Identifier
- ISBN:9781839109904
- Language
- eng
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