Climate Change and CO2 in the Oceans and Global Oceans Governance
© Lexxion Verlagsgesellschaft mbH (12/2009)
Improving Governance of the World’s Oceans
© Lexxion Verlagsgesellschaft mbH (12/2009)
Improving Governance of the World’s Oceans
Securitising Risk and the Clean Development Mechanism
© Lexxion Verlagsgesellschaft mbH (7/2009)
Delivery risk is central to pricing carbon offsets, but has been the focus of limited attention in the carbon markets. At the same time, remote regions and promising technologies – desperate for investment – have been underserved by the carbon markets. This paper proposes that the current policy objectives and functions of the Clean Development Mechanism (CDM) be expanded to include arrangements for the securitisation of CDM investments. This approach provides investment incentives for both compliance-bound investors as well as those seeking financial returns. It proposes a CDM guarantee trust that would enable the CDM to target certain project categories, while at the same time distributing risks and returns among these classes of investors.
© Lexxion Verlagsgesellschaft mbH (7/2009)
Delivery risk is central to pricing carbon offsets, but has been the focus of limited attention in the carbon markets. At the same time, remote regions and promising technologies – desperate for investment – have been underserved by the carbon markets. This paper proposes that the current policy objectives and functions of the Clean Development Mechanism (CDM) be expanded to include arrangements for the securitisation of CDM investments. This approach provides investment incentives for both compliance-bound investors as well as those seeking financial returns. It proposes a CDM guarantee trust that would enable the CDM to target certain project categories, while at the same time distributing risks and returns among these classes of investors.
Regulatory Challenges for Financial and Carbon Markets
© Lexxion Verlagsgesellschaft mbH (7/2009)
Concurrent crises in finance and in climate are today concentrating official minds on fundamental issues of economics and regulation as seldom before. This article suggests that there may be advantages in considering the problems of regulation of carbon markets and of financial markets together, and proposes a way of classifying policies relating to both that may help decision-making in each.
© Lexxion Verlagsgesellschaft mbH (7/2009)
Concurrent crises in finance and in climate are today concentrating official minds on fundamental issues of economics and regulation as seldom before. This article suggests that there may be advantages in considering the problems of regulation of carbon markets and of financial markets together, and proposes a way of classifying policies relating to both that may help decision-making in each.
Lessons Learned from the Financial Crisis: Designing Carbon Markets for Environmental Effectiveness and Financial Stability
© Lexxion Verlagsgesellschaft mbH (7/2009)
The spectacular market and regulatory failures we have witnessed in the current financial crisis provide a cautionary tale for any future carbon trading program. The crisis has highlighted the importance of preventing speculative bubbles and excessive risk-taking, how failures in one market can pose broader risks to the financial system, and the need for robust financial regulation. This article explores particular areas of concern for carbon market regulation, and examines various policy approaches for governing U.S. carbon markets. It concludes that, in order to ensure environmental and financial integrity in the carbon markets, not only must they be well-regulated, but they should also be designed to be simpler, smaller and more stable.
© Lexxion Verlagsgesellschaft mbH (7/2009)
The spectacular market and regulatory failures we have witnessed in the current financial crisis provide a cautionary tale for any future carbon trading program. The crisis has highlighted the importance of preventing speculative bubbles and excessive risk-taking, how failures in one market can pose broader risks to the financial system, and the need for robust financial regulation. This article explores particular areas of concern for carbon market regulation, and examines various policy approaches for governing U.S. carbon markets. It concludes that, in order to ensure environmental and financial integrity in the carbon markets, not only must they be well-regulated, but they should also be designed to be simpler, smaller and more stable.
External Reporting of the Risks Linked to the EU ETS – an Exploratory Study of German
HDAX Non-Financial Corporations
© Lexxion Verlagsgesellschaft mbH (7/2009)
Companies subject to the European Emission Trading Scheme (EU ETS) are faced with a wide range of challenges that might negatively affect their business objectives. All of these challenges are afflicted with uncertainties and therefore represent company risks. These should be integrated into existent risk management practices. This exploratory study analyses to what extent German non-financial corporations listed in the HDAX disclose the risks that are linked to the EU ETS in their risk reports for the year 2007 or for the period 2007/2008, respectively.
© Lexxion Verlagsgesellschaft mbH (7/2009)
Companies subject to the European Emission Trading Scheme (EU ETS) are faced with a wide range of challenges that might negatively affect their business objectives. All of these challenges are afflicted with uncertainties and therefore represent company risks. These should be integrated into existent risk management practices. This exploratory study analyses to what extent German non-financial corporations listed in the HDAX disclose the risks that are linked to the EU ETS in their risk reports for the year 2007 or for the period 2007/2008, respectively.
Early warning environmental information for the atmospheric environment: The AIRTHESS system
© Aristotle University of Thessaloniki (6/2009)
The present paper provides information on air quality (AQ) related early warning information provision, environmental information systems, and the way that such systems may support the quality of everyday life. On this basis, the paper presents the AIRTHESS system, being in operation in Thessaloniki, Greece.
© Aristotle University of Thessaloniki (6/2009)
The present paper provides information on air quality (AQ) related early warning information provision, environmental information systems, and the way that such systems may support the quality of everyday life. On this basis, the paper presents the AIRTHESS system, being in operation in Thessaloniki, Greece.
Flexible Transport Services for environmental and sustainable urban mobility: the INTERREG IVC FLIPPER project
© Aristotle University of Thessaloniki (6/2009)
Flexible Transport Services (FTS) have proved to be an advantageous solution in integrating and complementing the provision of conventional public transport services in order to reduce pollution and congestion whilst increasing the social cohesion and encouraging sustainable economic growth especially in urban and metropolitan areas.
© Aristotle University of Thessaloniki (6/2009)
Flexible Transport Services (FTS) have proved to be an advantageous solution in integrating and complementing the provision of conventional public transport services in order to reduce pollution and congestion whilst increasing the social cohesion and encouraging sustainable economic growth especially in urban and metropolitan areas.
Capture of carbon dioxide from IGCC power plant through clathrate hydrate crystallization
© Aristotle University of Thessaloniki (6/2009)
One of the new approaches for capturing carbon dioxide from IGCC (integrated gasification combined cycle) power plants is based on gas hydrate crystallization. The basis for the separation or capture of CO2 is the fact that the carbon dioxide content of gas hydrate crystals is different than that of the feed gas.
© Aristotle University of Thessaloniki (6/2009)
One of the new approaches for capturing carbon dioxide from IGCC (integrated gasification combined cycle) power plants is based on gas hydrate crystallization. The basis for the separation or capture of CO2 is the fact that the carbon dioxide content of gas hydrate crystals is different than that of the feed gas.
Environmentally focused production and distribution supply chain network structures
© Aristotle University of Thessaloniki (6/2009)
Enterprise optimisation can rapidly strip significant “bottom line” costs out ofglobal operations, giving companies a real competitive edge. Traditionally, the main objective of such optimisation models and methods has been to maximise the financial benefits by integrating operational, design and cost decisions. Over the last decade there has been a growing concern for the environmental impact of design and operational decisions.
© Aristotle University of Thessaloniki (6/2009)
Enterprise optimisation can rapidly strip significant “bottom line” costs out ofglobal operations, giving companies a real competitive edge. Traditionally, the main objective of such optimisation models and methods has been to maximise the financial benefits by integrating operational, design and cost decisions. Over the last decade there has been a growing concern for the environmental impact of design and operational decisions.
Frequency of occurrence of concentrations of air pollutants and their relationship to the established activities in Thriassion Plain – Greece
© Aristotle University of Thessaloniki (6/2009)
In many cases the understating of air pollution and air quality problems requires the knowledge not only of the actual concentrations of the air pollutants, but also of the frequency of occurrence of these concentrations. This information can be used to track the relationship between air pollutants’ concentrations and long-term changes over an area, such as the number of activities and their emissions.
© Aristotle University of Thessaloniki (6/2009)
In many cases the understating of air pollution and air quality problems requires the knowledge not only of the actual concentrations of the air pollutants, but also of the frequency of occurrence of these concentrations. This information can be used to track the relationship between air pollutants’ concentrations and long-term changes over an area, such as the number of activities and their emissions.
