Comments on: Market mechanisms for emissions trading full of holes http://www.ecostreet.com/blog/sustainable-lifestyle/2006/07/26/market-mechanisms-for-emissions-trading-full-of-holes/?utm_source=rss&utm_medium=rss&utm_campaign=market-mechanisms-for-emissions-trading-full-of-holes Going green doesn't have to be complicated Sat, 31 Dec 2011 16:07:51 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Mark Brandon http://www.ecostreet.com/blog/sustainable-lifestyle/2006/07/26/market-mechanisms-for-emissions-trading-full-of-holes/comment-page-1/#comment-584 Mark Brandon Thu, 27 Jul 2006 14:52:40 +0000 http://ecostreet.com/blog/?p=217#comment-584 I couldn't agree more that it is needed. I just think that they are deluding themselves if they do not take seriously the integrity of those allowances. Given the EU's history with deficit spending (i.e. France and Germany flat out ignoring the deficit limits, despite being at the forefront of imposing it on smaller countries), I have to be pessimistic that it will not be mis-used to meet short term political ends. Mark I couldn’t agree more that it is needed. I just think that they are deluding themselves if they do not take seriously the integrity of those allowances.

Given the EU’s history with deficit spending (i.e. France and Germany flat out ignoring the deficit limits, despite being at the forefront of imposing it on smaller countries), I have to be pessimistic that it will not be mis-used to meet short term political ends.

Mark

]]> By: Andrew T Fielding http://www.ecostreet.com/blog/sustainable-lifestyle/2006/07/26/market-mechanisms-for-emissions-trading-full-of-holes/comment-page-1/#comment-580 Andrew T Fielding Wed, 26 Jul 2006 20:45:48 +0000 http://ecostreet.com/blog/?p=217#comment-580 As a market particpant in the Global Carbon Market we concur with some of your aforementioned comments. However, it would be extremely churlish to ignore the fact that Kyoto's timeframe (5Years) and the average life of a power plant (20 + Years) do not match. There are many challenges ahead for Emission Trading Schemes in the EU, US, Canada etc. There is proof that these schemes are beginging to have an impact given their place as an ancilliary revenue stream in Project Finance. This will not be obvious to the average "joe", however to those in the business -- It marks a huge success. The ultimate goal should be to pay the real cost in using "free goods". This will take time, commitment and a market regulator above petite politics!!! As a market particpant in the Global Carbon Market we concur with some of your aforementioned comments. However, it would be extremely churlish to ignore the fact that Kyoto’s timeframe (5Years) and the average life of a power plant (20 + Years) do not match. There are many challenges ahead for Emission Trading Schemes in the EU, US, Canada etc. There is proof that these schemes are beginging to have an impact given their place as an ancilliary revenue stream in Project Finance. This will not be obvious to the average “joe”, however to those in the business — It marks a huge success. The ultimate goal should be to pay the real cost in using “free goods”. This will take time, commitment and a market regulator above petite politics!!!

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