On the Treatment of Emissions Trading and Green and White Certificates in CosttBenefit Analysis

2016 ◽  
Author(s):  
Per-Olov Johansson
Keyword(s):  
Emissions Trading ◽  
White Certificates

scholarly journals White Certificates and White Certificate Trading Schemes as greenhouse gas mitigation policy options for South Africa

2011 ◽  
Vol 22 (1) ◽  
pp. 18-25
Author(s):  
Emily Tyler ◽  
Michelle Du Toit ◽  
Zelda Burchell
Keyword(s):  
South Africa ◽  
Energy Efficiency ◽  
Greenhouse Gas ◽  
Emissions Trading ◽  
Ghg Emissions ◽  
Policy Instrument ◽  
Mitigation Policy ◽  
Ghg Mitigation ◽  
Policy Objective ◽  
White Certificates

AbstractEnergy efficiency activities driven by White Certificate Trading schemes (WCT) achieve the objective of conserving energy, and in most circumstances, also that of reducing greenhouse gas (GHG) emissions. The potential therefore exists that both objectives could be targeted by a single policy mechanism. Energy efficiency activities are important from a GHG mitigation perspective as they represent some of the least costly GHG mitigation activities available to economies. However, there are some significant differences between the use of a direct policy instrument to target GHG emissions mitigation, and the use of an indirect instrument such as WCT, whose direct policy objective is to achieve energy efficiency. Most importantly, WCT utilises intensity targets, whereas GHG mitigation is required by science to comprise absolute reductions. International experience does however suggest that white certificates can be fully fungible with a GHG mitigation policy instrument such as an emissions trading scheme, as long as double counting rules are firmly in place, and the design of the schemes are compatible.Given that 80 percent of the South African GHG emissions are energy related, with energy efficiency measures in industry, commerce and the residential sector representing the bulk of negative cost mitigation options available in the economy, energy efficiency has an important role to play in the country’s mitigation strategy.This paper presents results on research into WCT as a policy option for South Africa conducted in 2008 and presented at the Climate Change Summit 2009.  It investigates in particular the Electricity Conservation Scheme (ECS) as an option for incorporating a WCT mechanism.There is limited experience and therefore analysis on WCS available to date, and even less on the potential interaction and linkages of WCS and emissions trading schemes. This paper therefore identifies significa

Senkenanrechnung gemäss Kyoto-Protokoll: Perspektiven für die Waldwirtschaft | Taking carbon sinks into account according to the Kyoto Protocol: a prospect for the forest sector

2008 ◽  
Vol 159 (9) ◽  
pp. 296-302
Author(s):  
Richard Volz
Keyword(s):  
Kyoto Protocol ◽  
Emissions Trading ◽  
Wood Products ◽  
Forest Sector ◽  
Carbon Sinks ◽  
Forest Owners ◽  
Trading Market ◽  
Reduce Emissions ◽  
Emission Reduction Target ◽  
Actual Target

The Kyoto Protocol makes provisions for carbon sinks from forest management to be taken into account as a contribution towards fulfilling a country's emission reduction target. Additional emission allowances are allocated for these forest carbon sinks. If Switzerland uses this extra contingent of allowances to the full it would then only have to reduce emissions by 4.5% instead of the actual target of 8%. Emission allowances from carbon sinks can be traded on the emissions trading market and be claimed by forest owners. An assessment of the income that could be anticipated was carried out in four forestry companies: with the CO2 price set at 10 CHF per ton it was seen that a potential revenue of between 6 and 71 CHF per hectare and year could be realised. However, the legal basis for allocating emission allowances from carbon sinks to forest owners has yet to be created. In view of the fact that the two chambers of Parliament refused the introduction of the Forests Act Revision Bill, it is not clear if and in what form this will be done. For the period after 2012, the rules will be renegotiated at the international level and it is expected that the carbon stored in harvested wood products will be taken into account. Accordingly, wood removed from the forest would no longer be automatically counted as a CO2 source in the emission balance.

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