Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development

This article provides an overview of the system of trading quotas for greenhouse gas emissions. The current experience shows that, under conditions of a well-implemented system, emission trading can be an efficient, reliable, and transparent instrument for achieving cost-effective reductions of gree...

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Datum:2018
1. Verfasser: Lebid M.V.
Format: Artikel
Sprache:Ukrainisch
Veröffentlicht: General Energy Institute of the National Academy of Sciences of Ukraine 2018
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Online Zugang:https://systemre.org/index.php/journal/article/view/652
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System Research in Energy
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author Lebid M.V.
author_facet Lebid M.V.
author_sort Lebid M.V.
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datestamp_date 2023-07-06T12:00:11Z
description This article provides an overview of the system of trading quotas for greenhouse gas emissions. The current experience shows that, under conditions of a well-implemented system, emission trading can be an efficient, reliable, and transparent instrument for achieving cost-effective reductions of greenhouse gas emissions. At the same time, the mobilization of representatives of the private sector is attained, investments are attracted, and the intensification of international cooperation is activated. The largest of these systems works in the European Union since 2005. The agreement on association between Ukraine and EU in the field of environmental security and sustainable development envisions the introduction of a similar system in Ukraine. The article provides an overview of the models used for forecasting the development of power industry, including emission prices. The author relies on the conceptual analysis and some of the most practical lessons learned during the implementation of greenhouse-emission trading system in the European Union and around the world.
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spelling systemreorg-article-6522023-07-06T12:00:11Z Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development Аналіз ринкових механізмів регулювання викидів парникових газів у світі та їх врахування в існуючих моделях прогнозування розвитку енергетики Lebid M.V. trade, quotas, market mechanisms, greenhouse gas price, forecasting models. торгівля, квота, ринкові механізми, парникові гази, ціна, моделі прогнозування. This article provides an overview of the system of trading quotas for greenhouse gas emissions. The current experience shows that, under conditions of a well-implemented system, emission trading can be an efficient, reliable, and transparent instrument for achieving cost-effective reductions of greenhouse gas emissions. At the same time, the mobilization of representatives of the private sector is attained, investments are attracted, and the intensification of international cooperation is activated. The largest of these systems works in the European Union since 2005. The agreement on association between Ukraine and EU in the field of environmental security and sustainable development envisions the introduction of a similar system in Ukraine. The article provides an overview of the models used for forecasting the development of power industry, including emission prices. The author relies on the conceptual analysis and some of the most practical lessons learned during the implementation of greenhouse-emission trading system in the European Union and around the world. У статті представлено огляд системи торгівлі квотами на викиди парникових газів. Наявний досвід показує, що за умови правильно впровадженої системи торгівля квотами на викиди може бути ефективним, надійним і прозорим інструментом для досягнення економічно ефективних скорочень викидів парникових газів. Водночас досягається мобілізація представників приватного сектору, залучаються інвестиції та активізується міжнародне співробітництво. Найбільша з таких систем діє в Європейському Союзі з 2005 р. Угодою про асоціацію між Україною та ЄС у сфері екологічної безпеки та сталого розвитку передбачено впровадження подібної системи в Україні. В статі надано огляд моделей, що використовуються для моделювання розвитку енергетики, зокрема ціни на викиди. Автор спирається на концептуальний аналіз та на деякі найбільш практичні уроки, отримані станом на сьогодні внаслідок впровадження системи торгівлі квотами на викиди парникових газів у Європейському Союзі та по всьому світі. General Energy Institute of the National Academy of Sciences of Ukraine 2018-03-30 Article Article application/pdf https://systemre.org/index.php/journal/article/view/652 10.15407/pge2018.01.051 System Research in Energy; No. 1 (52) (2018): The Problems of General Energy; 51-58 Системні дослідження в енергетиці; № 1 (52) (2018): Проблеми загальної енергетики; 51-58 2786-7102 2786-7633 uk https://systemre.org/index.php/journal/article/view/652/566
spellingShingle trade
quotas
market mechanisms
greenhouse gas price
forecasting models.
Lebid M.V.
Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title_alt Аналіз ринкових механізмів регулювання викидів парникових газів у світі та їх врахування в існуючих моделях прогнозування розвитку енергетики
title_full Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title_fullStr Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title_full_unstemmed Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title_short Analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
title_sort analysis of the market mechanisms of regulating greenhouse gas emissions in the world and their consideration in existing models for the forecasting of power industry development
topic trade
quotas
market mechanisms
greenhouse gas price
forecasting models.
topic_facet trade
quotas
market mechanisms
greenhouse gas price
forecasting models.
торгівля
квота
ринкові механізми
парникові гази
ціна
моделі прогнозування.
url https://systemre.org/index.php/journal/article/view/652
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