Market behavior under the New Zealand ETS
(2013) In Carbon Management 4(4). p.423-438- Abstract
- The New Zealand emissions trading scheme (NZ ETS) is one of the first national-level GHG trading schemes outside Europe. It is also unique in its design and comprehensive sectoral coverage, including forestry. This paper provides an ex-post-assessment of market behavior in the NZ ETS in its first phase (2008-2012). Findings are based on quantitative evidence on prices and units, as well as qualitative information from interviews and questionnaires of key market participants and authorities. The analytical approach is based on the entire set of flexibilities granted to obliged parties to reduce GHG emissions cost effectively; that is, access to Kyoto Units, range of eligible measures, banking provision, market engagement of non-obliged... (More)
- The New Zealand emissions trading scheme (NZ ETS) is one of the first national-level GHG trading schemes outside Europe. It is also unique in its design and comprehensive sectoral coverage, including forestry. This paper provides an ex-post-assessment of market behavior in the NZ ETS in its first phase (2008-2012). Findings are based on quantitative evidence on prices and units, as well as qualitative information from interviews and questionnaires of key market participants and authorities. The analytical approach is based on the entire set of flexibilities granted to obliged parties to reduce GHG emissions cost effectively; that is, access to Kyoto Units, range of eligible measures, banking provision, market engagement of non-obliged parties and trading as such. Findings reveal that market behavior responds to the unique design of the NZ ETS, in particular to the access and price of Kyoto Units. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4106694
- author
- Richter, Jessika Luth LU and Mundaca, Luis LU
- organization
- publishing date
- 2013
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Carbon Management
- volume
- 4
- issue
- 4
- pages
- 423 - 438
- publisher
- Taylor & Francis
- external identifiers
-
- wos:000322940500016
- scopus:84881279432
- ISSN
- 1758-3004
- DOI
- 10.4155/CMT.13.33
- project
- Policy Intervention for a Competitive Green Energy Economy
- language
- English
- LU publication?
- yes
- id
- 865dd99e-b856-4a06-9ad5-02861fe09fbb (old id 4106694)
- date added to LUP
- 2016-04-01 10:43:20
- date last changed
- 2022-01-26 01:52:49
@article{865dd99e-b856-4a06-9ad5-02861fe09fbb,
abstract = {{The New Zealand emissions trading scheme (NZ ETS) is one of the first national-level GHG trading schemes outside Europe. It is also unique in its design and comprehensive sectoral coverage, including forestry. This paper provides an ex-post-assessment of market behavior in the NZ ETS in its first phase (2008-2012). Findings are based on quantitative evidence on prices and units, as well as qualitative information from interviews and questionnaires of key market participants and authorities. The analytical approach is based on the entire set of flexibilities granted to obliged parties to reduce GHG emissions cost effectively; that is, access to Kyoto Units, range of eligible measures, banking provision, market engagement of non-obliged parties and trading as such. Findings reveal that market behavior responds to the unique design of the NZ ETS, in particular to the access and price of Kyoto Units.}},
author = {{Richter, Jessika Luth and Mundaca, Luis}},
issn = {{1758-3004}},
language = {{eng}},
number = {{4}},
pages = {{423--438}},
publisher = {{Taylor & Francis}},
series = {{Carbon Management}},
title = {{Market behavior under the New Zealand ETS}},
url = {{https://lup.lub.lu.se/search/files/38804902/Richter_Mundaca_market_behaviour_NZ_ETS.pdf}},
doi = {{10.4155/CMT.13.33}},
volume = {{4}},
year = {{2013}},
}