SODBatch A&B SPM Comments co-chair response final ... - ipcc-wg3

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Comments
IPCC WGIII Fourth Assessment Report, Second Order Draft
27 A 15 15 15 18 I think that the assertion that tradeable permits are effective is not
really well demonstrated yet for carbon markets. Also, certainly the
allocation affects equity and political feasibility as well as
efficiency and competetiveness.
(Paul Baer, EcoEquity)
27 A 15 15 15 17 To help distinguish tradeable permits from taxes and charges, you
might wish to rephrase the first sentence to read: "Tradeable
permits are effective to establish a real-world carbon price, but the
actual future price is difficult to determine a-priori."
(Andy Reisinger, TSU IPCC Synthesis Report)
27 A 15 15 15 17 Change the sentence, ".. ..while the distribution of allowances has
implications for economic efficiency and competitiveness." to "..
..while the distribution of allowances has implications for economic
efficiency and competitiveness. It also generates the problem of
'equity' in its allocation."
It is self-evidnet in EU Allowance allocation process that 'equitable'
allocation of the allowance is impossible.
(Shigeo Murayama, The Federation of Electric Power Companies)
27 A 15 15 15 15 "Tradable permits are effective to establish a carbon price". Where
is this proven or shown except in the abstract literature? What we
observe so far in the ETS is a Jo-Jo of volatile carbon prices in thin
(future oriented speculative) markets. Is it not too early to conclude
so firmly as in this SPM text?
(Aviel VERBRUGGEN, University of Antwerp)
27 A 15 15 15 17 Trading in permits also requires a very high standard of emissions
data and a high degree of trust/auditability - not always apparent
under existing regimes.
(James Curran, Scottish Environmental Protection Agency)
27 A 15 15 15 0 Changing "to establish" to "in establishing" is suggested here.
(Government of Japan)
27 A 15 15 15 15 comment: the use of the word "permit" in relation to carbon trading
can be misunderstood as environmental permits need to be changed
to make carbon trading legitimate. It is therefore recommended to
Expert Review of Second-Order-Draft
Confidential, Do Not Cite or Quote
Response suggested by cochairs
See A-1089
See A-1089
REJ; not adding significant
information
See A-1089
ACC; add “institutional;
requirements”
Acc
Acc; BUT USE
“ALLOWANCES”
Action
for
chapter
Considerations
by the writing
team
Page 293 of 348