Global Climate Change RegulationPolicy Developments: July 2008-February 2009
February 2009
Whitepaper available online:http://dbadvisors.com/climatechange
Table of Contents
2 Global Climate Change Regulation
Organization of this paper
In the first section of this paper, we discuss policy positions in the new US Administration and Congress, as well aseconomic stimulus plans around the world, through to the passage of the American Recovery and Reinvestment Act of2009 in February, 2009.Subsequent sections of the paper are organized thematically, rather than regionally, based on the framework we developedin
Investing in Climate Change 2009: Necessity and Opportunity in Turbulent Times
(October, 2008)
. See exhibit 1.
EX 1:
There are three broad sets of policy options available
In the second section of this paper, we look at traditional regulatory instruments such as mandated standards and publiceducation. In the third section, we examine developments in carbon pricing and markets. And in the fourth section, we lookat changes in innovation policy, including knowledge management and adjustment assistance. Within each section, weorganize policy developments regionally to facilitate understanding of how policy measures overlap and work in concert witheach other.
Table of Contents
3 Global Climate Change Regulation
Editorial and ExecutiveSummary5 Section 2: Carbon Pricing 45
UNFCC 45United States 47European Union 51
Special Focus: New USAdministration and GlobalEconomic Stimulus11
China 54Japan 54United States 11 Thailand 55European Union 22 New Zealand 55Norway 24 Australia 56China 24 Turkey 57Japan 25 South Africa 57South Korea 25 Guyana and Norway 57Israel 25Australia 26Canada 26
Section 3: Innovation Policy 58
United States 58European Union 61
Section 1: TraditionalRegulation27
China 63India 64United States 27 Japan 64European Union 34 Taiwan 65China 40 Thailand 65India 40 New Zealand 65Taiwan 41 Australia 65New Zealand 41 South Africa 66Australia 42 Mexico 66Brazil 42Canada 43Russia 43
Bibliography 67
South Africa 43Mexico 44Ukraine 44South Korea 44
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