About this Research Topic
Global climate change requires urgent action for the mitigation of greenhouse gas emissions. The United Nations Framework Convention on Climate Change (UNFCCC) provides the main guidance for all countries to combat climate change in line with sustainable development principles. The Kyoto Protocol, which was one of the implementing legal documents of the UNFCCC, brought a window of opportunity to utilize the carbon trading (pricing) instruments under the ‘Flexibility Mechanisms’ channel. The recent progress on the multilateral environmental agreement is reflected in the Paris Agreement. The Agreement has novel dimensions to enhance the collaboration among all stakeholders through the Article 6 of the Agreement and to ensure all nationally determined contributions. The ultimate objective of these original issues is to limit global temperature increase below 2 degrees by end of this century. To do this, carbon trading instruments are recognized under the Article 6 of the Paris Agreement.
The aim of this Research Topic is to consolidate studies on carbon trading capturing various dimensions and approaches towards achieving the ultimate objective of the UNFCCC and the Paris Agreement. This call also aims for examining the link between carbon trading instruments and the social, environmental and economic pillars of sustainable development. Transition to low carbon development or low carbon societies requires structural changes in the economy, society, behavioral patterns, production and consumption. Therefore, this is a call for multi-disciplinary perspectives and studies.
This Research Topic welcomes studies presenting research on carbon trading issues such as national, regional and international efforts and lessons learned about carbon cap and trade, allocation of emissions allowances, and carbon trading schemes. Papers can also present the least cost options in emission mitigation through using carbon trading instruments. Policy options or strategies to transform economies towards low carbon energy and technologies are also welcome. We welcome manuscripts on the following but not limited to:
• The issues related to the Article 6 of the Paris Agreement that is the successor of the Flexibility Mechanisms of the Kyoto Protocol
• Linkage between nationally determined contributions and carbon trading instruments
• Role of carbon trading in innovation and technology transfer
• Impacts of carbon trading on phasing out fossil fuel subsidies
• Lessons learned from previous carbon trading cases at national, regional and international level
• Social pillars and ethical dimensions of carbon trading
• Price differentiation options for different sectors and different countries
• Monitoring and evaluation of carbon trading transaction systems.
• Effects of carbon trading on macroeconomic variables such as GDP growth, employment, revenue and balance of payments
• The meaning of international carbon trading on agreements under the World Trade Organization
• Carbon price and financial asset markets
Keywords: Paris Agreement, carbon trading, emission goals, low carbon economy, climate economics
Important Note: All contributions to this Research Topic must be within the scope of the section and journal to which they are submitted, as defined in their mission statements. Frontiers reserves the right to guide an out-of-scope manuscript to a more suitable section or journal at any stage of peer review.