LETSCaP

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For the purpose of successful international climate policy the policy instrument of emissions trading becomes increasingly important. It is widely agreed that emissions trading systems can play a major role in efficient and effective cli­mate protection, because it allows for limiting the total amount of emissions while using the market to allocate reduction responsibilities to polluters in a cost-minimizing way. However, the most recent international climate conferences have shown that a glo­bal political agreement on a standardized worldwide emissions trading system cannot be expected in the near future. One promising alternative is the linkage of already exis­ting domestic emissions trading systems. So far, supranational, national, regional, and even local emissions trading systems have been implemented in many countries and regions. In order to foster the future merging of these systems aiming at a global carbon market, it would be helpful to link the major CO2 markets in the EU, the USA and Japan. As a result, an integrated market, which encompasses a significant part of the OECD-greenhouse gas emissions, would evolve. Furthermore, this market can serve as a role model for enlargements or additional links with other emissions trading schemes.

The research project „Linking Emissions Trading Systems: Towards Socially and Ecologically Acceptable  Cap-and-Trade Policies in Europe, the USA and Japan (LETSCaP)“ at the Competence Centre for Climate Change Mitigation and Adaptation (CliMA) of Kassel University examines how a linkage of domestic emis­sions trading systems can be designed in a way that satisfies the re­quire­ments of being operationally functioning (economically efficient, politically enforceable, legally feasible), ecologically ambitious and socially just. Therefore, legal and economic experts cooperate on this project in order to develop an integrated model of an ambitious linkage of domestic emissions trading systems in the EU, the USA, and Japan.

The three-year project is funded by the German Federal Ministry of Education and Research and headed by Prof. Dr. Alexander Roßnagel, the managing director of the Competence Centre for Climate Change Mitigation and Adaptation (CliMA). In addition, Dr. Anja Hentschel, Dr. Sven Rudolph, Dipl.-Wi-Ital. Christine Lenz and Barbara Volmert, LL.M. participate in LETSCaP.

Publications

  • Rudolph, S., Treibhausgasmärkte durchsetzbar gestalten? Ein Anforderungsprofil gesellschaftlich akzeptabler Emissionshandelssysteme und die politischen Chancen einer nachhaltigen Ausgestaltung, Interdisciplinary Research on Climate Change Mitigation and Adap­tation, Discussion Paper 05/2012.
  • Rudolph, S./Schneider, F., Carbon Markets in Japan: An Advanced Political Ecomoy Analysis of their Feasibility and the Consequences of the Fukushima Nuclear Disaster, Interdisciplinary Research on Climate Change Mitigation and Adap­tation, Discussion Paper 04/2012.
  • Volmert, B., Anforderungen an die juristisch-administrative Praktika­bi­lität eines Emissionshandelssystems, Interdisciplinary Research on Climate Change Mitigation and Adap­tation, Discussion Paper 03/2012.
  • Rudolph, S./Kawakatsu, T., Tokyo’s Greenhouse Gas Emissions Trading Scheme: A Model for Sustainable Megacity Carbon Markets?, MAGKS Joint Discussion Paper Series in Economics, Nr. 25-2012.
  • Rudolph, S., Marktbasierte Klimapolitik in den USA: "Wind of Change" oder "Blown by the Wind"?, MAGKS Joint Discussion Paper Series in Economics, Nr. 4-2012.
  • Lenz, C., Zur Ausgestaltung eines sozial gerechten Emissions­han­dels­sys­tems, Interdisciplinary Research on Climate Change Mitigation and Adap­tation, Discussion Paper 01/2012.
  • Rudolph, S., Treibhausgasmärkte effizient gestalten! Ein Anforderungsprofil ökonomisch ambitionierter Emissionshandelssysteme, Interdisciplinary Research on Climate Change Mitigation and Adaptation, Discussion Paper 03/2011.
  • Rudolph, S., Wo sind all die Klimamärkte hin? Eine politökonomische Ana­ly­se nationaler Emissionshandelssysteme in Japan, MAGKS Joint Discussion Paper Series in Economics, Nr. 11-2011.
  • Rudolph, S., Wie der klimapolitische Patient Japan den Anweisungen des umweltökonomischen Doktors folgte: Eine Analyse nationalerTreibhausgas-Emissionshandelssysteme in Japan, MAGKS Joint Discussion Paper Series in Economics, Nr. 04-2011.
  • Volmert, B., Border Tax Adjustments: Konfliktpotential zwischen Umwelt­schutz und Welthandelsrecht?, Kassel 2011.
  • Lerch, A., CO2-Emissionshandel - effizient oder gerecht?, Zeitschrift für Sozialökonomie (ZfSÖ), Heft 170/171 (2011), S. 39-47.
  • Rudolph, Sven, Wo sind all die Klimamärkte hin? Eine Analyse nationaler Treibhausgas-Emissionshandelssysteme in Japan, Zeitschrift für Umweltpolitik & Umweltrecht (ZfU), Band 34 (2011), Heft 2, S. 145-182.
  • Roßnagel, A./ Hentschel, A./ Bebenroth, R., Die Emissionshandelssysteme, in Japan und Deutschland - Chancen der Verzahnung aus rechtlicher Sicht, Kassel 2008.

English Publications

  • Rudolph, S./Schneider, F., Carbon Markets in Japan: An Advanced Political Ecomoy Analysis of their Feasibility and the Consequences of the Fukushima Nuclear Disaster, Interdisciplinary Research on Climate Change Mitigation and Adaptation, Discussion Paper 04/2012.
  • Rudolph, S./Kawakatsu, T., Tokyo's Greenhouse Gas Emissions Trading Scheme: A Model for Sustainable Megacity Carbon Markets?, MAGKS Joint Discussion Paper Series in Economics, No. 25-2012.
  • Rudolph, S. / Schneider, F., Did the Japanese Patient Follow the Doctor's Orders? Mostly no! CESifo Working Paper No. 3639, November 2011.[pdf].
  • Rudolph, S. / Lenz, Ch. / Lerch, A. / Volmert, B., Towards Sustainable Carbon Markets: Requirements for Ecologically Effective, Economically Efficient, and Socially Just Emissions Trading Schemes, MAGKS Paper 34/2011.[pdf]
  • Rudolph, S./ Park, S.-J., Lost in Translation? The Political Economy of Market-Based Climate Policy in Japan, in Dias Soares, C. et al. (Ed.): Critical Issues in Environmental Taxation - International and Comparative Perspectives, Vol. VIII (2010), Oxford University Press, 163-184.
  • Rudolph, S., How the German Patient Followed the Doctor's Orders - Political Economy Lessons from Implementing Market-Based Instruments in Germany, in Lye, L. H. et al. (Ed.), Critical Issues in Environmental Taxation - International and Comparative Perspectives, Vol. VII. (2009), Oxford University Press, 587-606.
  • Roßnagel, A., Evaluating Links between Emissions Trading Schemes: An Analytical Framework, Carbon and Climate Law Review (CCLR), Vol. 1 (2008), No. 4, 394-405.

Informations

Funding:
German Federal Ministry of Education and Research

Duration:
July 2010 - May 2013

Project Leader:
Prof. Dr. Alexander Roßnagel

Contact Persons:
Dr. Anja Hentschel
Dr. Sven Rudolph
Christine Lenz
Barbara Volmert