Recently, I was teaching on emissions trading and the EU Emission Trading System (ETS). In preparation for this it took me quite a while to get a good overview of the different phases of the EU ETS. So I thought I’d share my overview table here:
If you have any suggestions for improvement, I’m quite happy to update it.
Yesterday I taught the seminar “Climate Change Policies in Comparative Perspective” and one of my students asked me whether the countries who have emissions targets under the Kyoto Protocol had actually been on target during the first Commitment Period (2008-2012). I knew that they were within the target range overall, yet I didn’t have a good overview of which individual countries had actually been on target and which hadn’t. Realising this I trawled through the net and it actually took me a while to come up with a good overview. The document I finally found states that
…complete and detailed official data regarding the countries’ emissions and transactions of carbon credits in 2008-2012 was not available until April 2014.
So until recently it wouldn’t have been possible to produce an authoritative overview. Now that I found the document, here I provide a screenshot of the relevant overview page with a link to the original report.
Canada, who had the greatest overshoot, had dropped out before the end of the first commitment period. Japan, with a much smaller overshoot, has withdrawn from the second committment period.
Interestingly, Norway also had a sizeable overshoot. I wonder if that’s a factor behind the country’s heavy engagement with the establishment of Reduced Emissions from Deforestation and Degradation (REDD) programmes.
Without the economic crisis Spain would certainly have been even less on target.
As I understand it, these numbers don’t take into account the use of flexible mechanisms (offsetting and emissions trading). Thus, they cannot really provide the whole picture in terms of compliance. All in all, a handy overview.