Skatteudvalget 2009-10
SAU Alm.del Bilag 291
Offentligt
Carbon Markets UpdateDanish Parliament Tax Committee8 September 2010, Paris
Christa ClappOECD Environment Directorate
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Emission trading schemesMajority of OECD countries are participating in an ETS (EU ETS or others), or areengaged in the discussion/planning phase...but face considerable challenges.CountryEUNorwayNew ZealandETSEU ETS (2005)ETS (2005, linked to EU ETS 2008)National forestry sector (2008),Energy, Fishing, Industry, LiquidFossil Fuels (2010)Participation in EU ETS (2005; 2007for Bulgaria & Romania)Linked to EU ETS through EFTA(2008), also linked to Swiss tradingsystemRegional: RGGI (2009)Voluntary: CCX (2003)Voluntary: JVETS (2005)Regional: Tokyo ETS(2010)Voluntary: emissions trading (2008)Regional: NSW (2003)California (2012, but potential delays),WCI (2012-2020), Midwest Regional GHG ReductionAccord, National discussions (delayed)National discussions (delayed)Linking with EU ETSNational discussions (delayed)National scheme in addition to EU ETS (delayed)Regional: Alberta offset market (2007)National discussions (delayed),Linking with WCI (2012-2020)Six states observers to WCIDiscussions of how to acheive 2020 targetOther sectors planned: synthetic gas, waste (2013) andagriculture (2015)Planned/Discussions
Malta, Cyprus, Slovenia, Estonia,Latvia, Lithuania, Bulgaria, RomaniaLiechtenstein
US
JapanSwitzerlandAustraliaUKCanadaMexicoKorea
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Existing carbon marketExisting carbon market in 2009:– Total value = 144 billion USD– Total volume = 8.7 GtCO2e (44% of 2005 Annex I emissions)
Share of carbon market volume in 2009CCX
0.5%
Spot & secondary
Kyoto offsets
12.1%
JI AAUs
1.8%
0.3%
CDM
2.4%
EU ETS
72.7%
NSW
0.4%
RGGI
9.3%
Voluntary
market
0.5%
Source: World Bank, State and Trends of the Carbon Market 2010
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