Towards a global carbon market? [Elektronische Ressource] : linking systems, adding sectors / vorgelegt von Christian Flachsland

Towards a Global Carbon Market?Linking Systems, Adding Sectorsvorgelegt vonChristian Flachslandvon der Fakultät VI – Planen Bauen Umweltder Technischen Universität Berlinzur Erlangung des akademischen GradesDoktor der PhilosophieDr. phil.genehmigte DissertationGutachter:Prof. Dr. Ottmar EdenhoferProf. Dr. Dirk MessnerPromotionsausschuss:Prof. Dr. Johann Köppel (Vorsitz)Prof. Dr. Ottmar EdenhoferProf. Dr. Dirk MessnerTag der wissenschaftlichen Aussprache: 17.12.2010Berlin 2010D83ContentsAbstract 7Zusammenfassung 91 Introduction 111.1 Physics of climate change 111.2 Impacts of climate change 131.3 Economics of mitigation 141.4 Weighing the options 171.5 Cost-effective mitigation policies 211.6 Climate policy in a decentralized world 241.7 Thesis objective and outline 281.8 References 302 Architectures for international emissions trading 352.1 Introduction 372.2 Definitions 382.3 Top-Down architectures 392.3.1 Global cap-and-trade 392.3.2 Kyoto II: global trading with and without caps 402.4 Bottom-up architectures 412.4.1 Fragmented markets 412.4.2 Indirect linking 412.4.3 Formal linking 432.5 Discussion 442.6 Conclusions 462.7 References 4634 Contents3 To link or not to link 493.1 Introduction 513.2 Economic implications 523.2.1 Short-term efficiency gains 523.2.2 Dynamic efficiency 543.2.3 Distributional considerations 543.3 Political implications 563.4 Regulatory 563.4.1 Conflicting policy implications 573.4.