1. Global Challenges and the Need for International Cooperation in SEE
Dejan Erić
Institute of Economic Science, Belgrade
18th May 2010

2. So Many GLOBAL CHALANGES!?
Globalization
Global warming
Climate changes
Urbanization….
Knowledge Management
Long Life Learning
…. There are so complex problems – required interdisciplinary approach and complex solutions
Need for international cooperation

3. CLIMATE CHANGE Natural Sciences - Physical aspects, Biological, ….
Social Sciences – Political, Legal, Economic,– Financial implications…
The Institutional Response – could be summarized in 3 basic ways:
Politics of Climate Change,
the Neo-Liberal Response,
the Kyoto Protocol

4. CLIMATE EXCHANGES Kyoto protocol – 3 ways how to decrease emission:
Emissions trading
Clean Development Mechanism
Joint Implementation – JI Projects
One of the most important multinational trading systems - EU ETS - European Union Emissions Trading Scheme
For Climate Exchange – Underlying Assets = Rights to trade – so-called Emissions Trading Allowances (EUAs) or Carbone crédits
1 EUA = 1 tone of CO2

5. CLIMATE EXCHANGE
A couple of exchanges – Powernext, European Climate Exchange (ECX), Nordpool, Bluenext, Chicago Climate Exchange (CCX) Australian Climate Exchange (ACX), Tianjin Climate Exchange (TCX)
Open issues:
Distribution by Countries
Distribution by Applications
Copenhagen Summit
New Limits
Carbon trading – is not just matter of one sciences…
There are so many reason for cooperation
We have just one world – the world without borders!!!