International emission trading : from concept to reality

International Emission Trading Will Be One Of The Most Important Tools In The Effort To Reduce Greenhouse Gas Emissions In The Atmosphere. The Reason Is Clear: Emission Trading Can Bring Impressive Cost Savings. While The Private Sector Has Embraced The Concept And Is Well Equipped To Use It, Implementation At The International Level Remains Incomplete. This Book Offers A Comprehensive Review Of International Emission Trading, From The Perfect System Envisaged In Economic Models To A More Realistic View Of How Trading Can Actually Work. It Is Based On Market Experiments And Modelling Undertaken By The International Energy Agency And Other Institutions. It Takes An In-depth Look At Implications For The Power-generation Sector, And Considers How Developing Countries Could Be Included In A Future Trading Regime. With This Work, We Move From The Question Of Whether To Trade To The More Operational Question: How. 1. Introduction: Climate Change, The Energy Sector, And Emission Trading -- 2. Modelling Emission Trading: How Much Money Can It Save? -- 3. The Energy Dimension: A Power Generation Case Study -- 4. Developing The Rules For International Emission Trading -- 5. From Perfect Markets To Reality: The Iea Simulation -- 6. Global Participation In Emission Trading -- A Week In The Life Of An Emission Trader -- 7. International Emission Trading: What Is Needed Next? -- Glossary -- References International Energy Agency