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Achieving and maintaining institutional feasibility in emissions trading: the case of New Zealand

Richter, Jessika Luth LU and Mundaca, Luis LU (2015) In Mitigation and Adaptation Strategies for Global Change 20(8). p.1487-1509
Abstract
Emission trading schemes (ETS) have emerged as a popular climate policy measure and are increasingly advocated as policy instruments to support the transition to a green economy. Using complementary analytical methods, this research investigated the institutional developments and complexities of the New Zealand Emissions Trading Scheme (NZ ETS). It focuses on (1) institutional experience and administrative capacity, and (2) political acceptance during formation, design, implementation, and review. The research answer questions concerning critical conditions that have affected the institutional feasibility of the NZ ETS and the trade-offs in achieving and maintaining institutional feasibility. The experience in New Zealand has demonstrated... (More)
Emission trading schemes (ETS) have emerged as a popular climate policy measure and are increasingly advocated as policy instruments to support the transition to a green economy. Using complementary analytical methods, this research investigated the institutional developments and complexities of the New Zealand Emissions Trading Scheme (NZ ETS). It focuses on (1) institutional experience and administrative capacity, and (2) political acceptance during formation, design, implementation, and review. The research answer questions concerning critical conditions that have affected the institutional feasibility of the NZ ETS and the trade-offs in achieving and maintaining institutional feasibility. The experience in New Zealand has demonstrated that bipartisan political support and obliged participant acceptance for an ETS can be achieved and the administrative burden can be kept low through an inclusive consultation process and particular aspects of design to provide more certainty about costs. However, this institutional feasibility has also been a trade-off with other important aspects such as environmental effectiveness, predictability, and legitimacy, posing risks to maintaining political acceptance of the policy design and achieving the longer term objectives of transitioning to a green economy. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Climate change mitigation Emissions trading scheme Institutional feasibility New Zealand Policy evaluation
in
Mitigation and Adaptation Strategies for Global Change
volume
20
issue
8
pages
1487 - 1509
publisher
Springer
external identifiers
  • wos:000363247700013
  • scopus:84945445828
ISSN
1573-1596
DOI
10.1007/s11027-014-9557-4
language
English
LU publication?
yes
id
92c01134-381c-474a-ab10-8e31ed519dfe (old id 4359617)
date added to LUP
2014-03-14 16:22:32
date last changed
2017-01-01 03:15:55
@article{92c01134-381c-474a-ab10-8e31ed519dfe,
  abstract     = {Emission trading schemes (ETS) have emerged as a popular climate policy measure and are increasingly advocated as policy instruments to support the transition to a green economy. Using complementary analytical methods, this research investigated the institutional developments and complexities of the New Zealand Emissions Trading Scheme (NZ ETS). It focuses on (1) institutional experience and administrative capacity, and (2) political acceptance during formation, design, implementation, and review. The research answer questions concerning critical conditions that have affected the institutional feasibility of the NZ ETS and the trade-offs in achieving and maintaining institutional feasibility. The experience in New Zealand has demonstrated that bipartisan political support and obliged participant acceptance for an ETS can be achieved and the administrative burden can be kept low through an inclusive consultation process and particular aspects of design to provide more certainty about costs. However, this institutional feasibility has also been a trade-off with other important aspects such as environmental effectiveness, predictability, and legitimacy, posing risks to maintaining political acceptance of the policy design and achieving the longer term objectives of transitioning to a green economy.},
  author       = {Richter, Jessika Luth and Mundaca, Luis},
  issn         = {1573-1596},
  keyword      = {Climate change mitigation Emissions trading scheme Institutional feasibility New Zealand Policy evaluation},
  language     = {eng},
  number       = {8},
  pages        = {1487--1509},
  publisher    = {Springer},
  series       = {Mitigation and Adaptation Strategies for Global Change},
  title        = {Achieving and maintaining institutional feasibility in emissions trading: the case of New Zealand},
  url          = {http://dx.doi.org/10.1007/s11027-014-9557-4},
  volume       = {20},
  year         = {2015},
}