CARBON MARKET IN RUSSIA. ORGANIZATIONAL ISSUES
Abstract
Cap-and-trade system implemented in flexibility mechanisms of Kyoto Protocol and in regulatory carbon markets showed its efficiency in reducing carbon intensity of GDP and pollution of the environment. Russia, together with other countries, such as Ukraine, Kazakhstani etc., has just made the first steps towards carbon market.Therefore, the main purpose of this paper is to bring forward an organizational mechanism of carbon market in Russia. As a result, paper describes a set of actions that should be taken by policymakers at both preparatory and basic stages of carbon market introduction. One of such actions is building up a digital platform for carbon projects at the regional and national levels (The Bank of Carbon Projects) where all projects should be ranked according to the procedures described in the paper. Decision-makers in Russia and other transition countries when creating domestic carbon markets outside the Kyoto Protocol may use obtained results.
References
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[3] Ellerman, D., Joskow, P., Harrison, D. Jr. (2003). Emissions Trading: Experience, Lessons, and Considerations for Greenhouse Gases. Washington, DC: Pew Center on Global Climate Change.
[4] Gilbert, A., Bardout, M. et al. (2015). Roadmap for carbon markets in Russia. Ecofys and GFA Consulting Group.
[5] Goulder, L. (2013). Markets for Pollution Allowances: What are the (New) Lessons? Journal of Economic Perspectives, 27 (1): 87-102.
[6] Montgomery, D. (1972). Markets in Licenses and Efficient Pollution Control Programs. Journal of Economic Theory, 5(3): 395-418.
[7] Newell, R., Pizer, W., Raimi, D. (2013). Carbon Markets 15 Years after Kyoto: Lessons Learned, New Challenges. Journal of Economic Perspectives. 27 (1): 123-146.
[8] Yulkin, M.A., Diachkov, V.A., Samorodov, A.V., Kokorin, A.O. (2013). Voluntary systems and standards to reduce greenhouse gas emissions. Moscow: The World Wildlife Fund (WWF).
*** The Economics of Climate Change Mitigation: Policies and Options for Global Action beyond 2012.[Online]. OECD, 2009. [Accessed 10 August 2015]. Available from: http://www.oecd.org/env/cc/theeconomicsof climatechangemitigationpoliciesandoptionsforglobalactionbeyond2012.html
*** The low carbon transition. Special Report on Climate Change. [Online].European Bank for Reconstruction and Development, 2011. [Accessed 15 August 2015]. Available from: http://www.ebrd.com/news/ publications/special-reports/special-report-on-climate-change-the-low-carbon-transition.html
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Published
2016-11-16
How to Cite
BELIK, Irina; STARODUBETS, Natalia.
CARBON MARKET IN RUSSIA. ORGANIZATIONAL ISSUES.
Journal of Environmental Management and Tourism, [S.l.], v. 6, n. 2, p. 191-199, nov. 2016.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/418>. Date accessed: 20 apr. 2024.
Section
Journal of Environmental Management and Tourism
Keywords
carbon market; cap-and-trade system; greenhouse gases emission reduction; Bank of Carbon Projects; projects ranking
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.