Abstract
Scientists have specified that, by the year 2030, aggregate global greenhouse gas (GHG) emissions must be halved to have at least a 67% chance of meeting the Paris Agreement. A key challenge is the governance of GHGs. This article investigates the evolution of the EU’s Emissions Trading System using the Regulatory–Intermediary–Target (RIT) framework. Specifically, we outline the role of “emissions governance” intermediaries to monitor, report, and verify (MRV) emissions reductions. This comes with both pros and cons. First, there are a multitude of public and private actors, rules and regulations, that exist within this system. Yet, as the RIT framework makes clear, this can lead to opportunities for capture of regulatory targets and regulators. On the other hand, given that public institutions and governance actors have yet to succeed in significantly driving down emissions, non-state and private actors are increasingly being relied on to plug climate governance gaps—especially as intermediaries with important MRV responsibilities. The application of the RIT and findings have important implications for climate governance scholarship and related climate governance mechanisms.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callSimilar Papers
More From: International Environmental Agreements: Politics, Law and Economics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
