We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byMakenna Rennison
Modified over 2 years ago
Auckland Wellington Christchurch Alastair Cameron Senior Solicitor 31 July 2009 IPS/NZCCRI Seminar Emissions Trading – Harmonisation with Australia: Issues and Options
2© Buddle Findlay 2009
3 Question To harmonise or not to harmonise? Should that be the question?
4© Buddle Findlay 2009 Outline Levels of harmonisation – options Achieving harmonisation – Specifying the parties harmonisation commitments – Institutional and operational structures required to support harmonisation Issues with harmonisation Conclusions
5© Buddle Findlay 2009 Options for levels of harmonisation Level 1:Voluntary adoption of key design features, but no mutual recognition of domestic units Level 2:Mutual recognition of domestic units, enabling trading between the schemes Level 3:Full harmonisation (effectively one scheme) (Senator Penny Wong and Hon Dr Nick Smith, 19 March 2009)
6© Buddle Findlay 2009 Making harmonisation commitments Bilateral treaty – Advantages (legally binding, provides certainty) – Disadvantages (time consuming to negotiate, difficult to amend or withdraw from) Political agreements – Advantages (flexible, carries political weight) – Disadvantages (not legally binding, uncertain outcomes) Mutual domestic commitments – Advantages (flexible) – Disadvantages (subject to unilateral change)
7© Buddle Findlay 2009 Institutional and operational support Co-management / joint governance Joint regulatory body Consultations, e.g. regular meetings of ministers and/or officials Amendments and reviews
8© Buddle Findlay 2009 Possible frameworks TEXTSUPPORT LEVEL 3: Full harmonisation (one scheme) Treaty Joint regulation (political and operational) LEVEL 2: Mutual trade of domestic units Treaty Political cooperation agreement Joint regulation Consultation LEVEL 1: Voluntary adoption of key design features Political cooperation agreement (but not essential) Ongoing consultation likely
9© Buddle Findlay 2009 Issues Control Flexibility Transparency Legitimacy
10© Buddle Findlay 2009 Conclusion – to harmonise or not to harmonise? Not just a question of the economic costs and benefits Also important to consider broader issues presented by harmonisation Better to focus on getting our own scheme right first?
New Zealand and Australia Trans-Tasman experience of regulatory cooperation.
Tim Yeend Australian Mission to the WTO Australias Energy Efficiency Labelling Experience.
Promoting Trade in Environmental Goods: How Can RTAs Contribute? Mahesh Sugathan Workshop on Regional Trade Agreements and the Environment OECD-UNU-IAS.
EU-US Regulatory Cooperation Approaches and Experiences Jan E. Frydman Head of Unit for International Regulatory Agreements and Toy Safety Directorate.
ADDRESSING FOREST GOVERNANCE THROUGH REDD+ WEST AFRICA FOREST GOVERNANCE FORUM Ghana–India Kofi Annan Centre of Excellence in ICT, Ridge, Accra, Ghana.
Debt Management Strategy: Governance and Transparency Based on Presentation prepared with the World Bank for a Client Workshop,
Division: EIDD WTO TBT Workshop on Good Regulatory Practice March 2008 Focus on Transparency and Consultation.
Capacity-building for Public-Private Partnerships Ljiljana Stancic Secretary, Team of Specialists on Public-Private Partnerships United Nations Economic.
Sustainability & Environmental Impact Assessment of Trade Negotiations: Doha and Beyond WTO Public Forum 2006 What WTO for the XXIst Century? September.
Stakeholder Engagement Island Civic Centre Lisburn Friday 29 th June 2007.
1 The role of macro- regional strategies after 2013 The Commissions view (or rather the view of one official) David Sweet, DG Regional Policy, European.
Position Paper Standard Market Design of the SE Europe Electricity Market 3 rd Athens Process Forum Sofia, October 2003.
WTO - TBT Committee Ana Maria Vallina, PhD Coordination Among Regulatory Bodies: The Chilean Experience Ana Maria Vallina PhD Head of Foreign Trade Department.
US-EU Regulatory Cooperation Approaches and Experiences Jim Sanford, Office of the U.S. Trade Representative (USTR) Simon Holland, European Commission.
A few thoughts on the way forward Julia Nielson, OECD WTO Seminar on Domestic Regulation Geneva, March 2004.
P-M DESCLOS UNECE 2005 Forest Products Consultants 1 The Kyoto Protocol, the forest and wood products: a reflection. P-M. DESCLOS Forest.
Aid for Trade and Pacific Development Dr Chakriya Bowman Director, Economic Governance Programme PACIFIC ISLANDS FORUM SECRETARIAT.
The TBT Committee WTO, Trade and Environment Division.
2111 Wilson Blvd, 8th Floor, Arlington, VA Phone: (703) Fax: (703) Climate Change Policy: The Rise of Market Mechanisms.
EuropeAid Making Technical Cooperation more effective __________________ EC Guidelines on Technical Cooperation and Project Implementation Units - Key.
Effective Implementation of EU Rules Prof. P. Nicolaides.
February Joint Project of the ITU Telecommunication Development Bureau and Ministry of Infrastructure, Republic of Poland
Short cut or long road? Equivalence, international standards and the GATS Julia Nielson, OECD WTO Workshop on Domestic Regulation Geneva 29 March 2004.
Working Party on Financial Statistics (WPFS): Briefing on the meeting of the OECD Committee on Financial Markets (CMF) 6-7 October 2010 Gert Wehinger Economist.
Summary of Recommendations Economic Commission for Africa Addis Ababa 15 July 2013.
23 March BruegelThe Future Face of Europes Financial System 1 EU as a Framework for National Governments Intervention Vitor Gaspar (with Joep Konings)
TITRE FG Interoperability & Data Exchange Rules Meeting guide 3 rd Ad Hoc Expert Group meeting Vienna, 11 June 2012.
Toolkit: Approaches to Private Participation in Water Services Module 7 Developing Institutions to manage the relationship.
The Treaty of Lisbon Overview and Outlook Sebastian Kurpas European Commission General Secretariat Unit E.1, Institutional Questions.
Webinar #9: Linking Cap-and-Trade Programs Moderator:Sonia Hamel, New America Foundation Speakers:Derik Broekhoff, World Resources Institute Damien Meadows,
© 2016 SlidePlayer.com Inc. All rights reserved.