Demand and Supply on the Global Market for Emission Certificates
作者： Wolfgang Sterk , Bettina Wittneben , Michael Gybas , Maike Bunse
DOI:
关键词: Supply and demand 、 Greenhouse gas 、 Kyoto Protocol 、 International economics 、 Business 、 Economic policy
摘要: Under the Kyoto Protocol, which has recently come into effect, several industrialised countries have committed themselves to reducing their greenhouse gas emissions by various degrees. These commitments can be met through national policies and measures acquiring emission certificates on global market. Most Western European states as well non-European such Canada Japan already announced that they intend include latter option in plans reach Protocol reduction target. Whether resulting demand will satisfied supply of is becoming a question addressed, are slowly declaring interest selling buying certificates. In this paper, we analyse most recent information available (as February 2005) determine whether it seller’s or buyer’s
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