Dr Jean-Yves Caneill This is Me

 Web References

1. 1. Agenda/Agenda years by years

   www.f-e-e.org/agenda/dd2002010 - [Cached]

   Published on: 1/7/2002   Last Visited: 3/25/2002

   Jean-Yves Caneill, of EURELECTRIC's Climate Change Working Group, described some key findings of the three GETS simulations. Dr Caneill stressed that the simulations showed that it is investment that will bring about the desired reductions in emissions of CO2, and the other "greenhouse gases" (GHGs) and that the signal for companies to undertake such investment will be the "cap" or "target" set by the relevant authorities. Trading in emissions permits or certificates is one potentially useful instrument for ensuring that companies can achieve compliance with such targets at the lowest cost possible.
   
   Focusing on the latest exercise - GETS 3 - Dr Caneill explained that the simulation clearly demonstrates the benefits of trading and highlights the relative importance of key issues, inter alia: constraining participation in the trading system has a significant impact on overall cost; a flexible start to trading, together with early knowledge of requirements and reward for early action, reduces overall compliance costs; the system of auctioning permits has a significant distributional effect, depending on the recycling route; and the method of setting caps has a significant impact, even on overall costs.