International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 770
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Prof. Dr. Müslüme Narin
Session : 4D Çevre
Flexible Mechanisms of the Kyoto Protocol: Emissions Trading
Kyoto Protokolü Esneklik Mekanizması: Emisyon Ticareti
- Prof. Dr. Müslüme Narin (Gazi University, Türkiye)
Abstract
The growth of the world economy, rapid population growth and urbanization increased the demand for energy. Nowadays, a large part of the growing demand for energy provided by fossil fuels, carbon dioxide and greenhouse gas emissions resulting from the burning of these fuels leading to climate change and global warming. Reduction of greenhouse gas emissions in 1994 to the United Nations Framework Convention on Climate Change, the Kyoto Protocol entered into force in 2005. The Kyoto Protocol, emission volume of the three market-based flexibility mechanisms have to be considered. One of these mechanisms is emissions trading. This study will focus on emissions trading systems and carbon markets. All over the world in recent years, based on the spot and futures contracts are traded on the carbon. In this direction of the world's carbon stocks and its activities will be discussed. Also in 2008, in the aftermath of the global crisis and European Debt Crisis its effects on carbon markets will be investigated.
JEL codes: Q50
Narin, Müslüme (2013). "Flexible Mechanisms of the Kyoto Protocol: Emissions Trading" in Proceedings of International Conference of Eurasian Economies 2013, pp.941-952, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00770
