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Mitigating Climate Change: Flexibility Mechanisms (Hardcover, 1st ed)
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Mitigating Climate Change: Flexibility Mechanisms (Hardcover, 1st ed)
Series: An Elsevier Energy Compendium
Expected to ship within 12 - 17 working days
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This compendium contains a collection of key papers from the
journal "Energy Policy," offering a valuable reference point on the
role of flexibility mechanisms in the mitigation of climate change.
Originally published between December 1999 and August 2001, all of
these articles concern particular aspects of the Kyoto mechanisms
or variations on the theme of flexibility that have evolved
elsewhere.
For better or for worse, flexibility mechanisms have become a part
of the institutional architecture of energy policy in the 21st
Century.
As the contributions to this compendium illustrate, this fact has
both positive and negative connotations. Flexibility mechanisms
have the potential to unleash exciting market-led emission
reduction initiatives, and to promote both technological and
institutional innovation. At the same time, the complexity of
establishing credible and robust arrangements, in which
practicality and viability are balanced with appropriate safeguards
against loopholes and gaming, should not be underestimated. In the
longer term, the flexibility mechanisms may turn out to be
unhealthy distractions from the much more important task of
restructuring domestic energy systems. Or they might just turn out
to be indispensable instruments for achieving the deep cuts in
emissions that climate change demands. One thing, however, is
abundantly clear: climate policy has guaranteed that energy policy
will never be the same again.
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