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SUMMARY:Carbon Markets\, Linking Programs\, and the Future of Climate Chan
 ge Mitigation - PROF BILLY PIZER (Duke University)
DTSTART:20131203T140000Z
DTEND:20131203T150000Z
UID:TALK49252@talks.cam.ac.uk
CONTACT:Andrew Pruitt
DESCRIPTION:Carbon markets are substantial and they are expanding. There a
 re many lessons from market experiences over the past eight years: there s
 hould be fewer free allowances\, better management of market-sensitive inf
 ormation\, and a recognition that trading systems require adjustments that
  have consequences for market participants and market confidence. Moreover
 \, the emerging market architecture features separate emissions trading sy
 stems serving distinct jurisdictions and a variety of other types of polic
 ies exist alongside the carbon markets.This situation is in sharp contrast
  to the top-down\, integrated global trading architecture envisioned 15 ye
 ars ago by the designers of the Kyoto Protocol and raises a suite of new q
 uestions. In this new architecture\, jurisdictions with emissions trading 
 have to decide how\, whether\, and when to link with one another. Stakehol
 ders and policymakers must confront how to measure the comparability of ef
 forts among markets as well as relative to a variety of other policy appro
 aches. International negotiators must in turn work out a global agreement 
 that can accommodate and support increasingly bottom-up approaches to carb
 on markets and climate change mitigation.
LOCATION:Room LT3\, Judge Business School\, Trumpington Street\, Cambridge
 \, CB2 1AG
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