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Project title

Carbon Market and Flexible Mechanisms: Addressing Ireland's GHG Emissions Target Challenge

Primary Funding Agency

Environmental Protection Agency

Co-Funding Organisation(s)

n/a

Lead Organisation

University College Dublin (UCD)

Lead Applicant

Luke Redmond

Project Abstract

Principal goal of Fellowship is to identify how market based instruments could be adapted and/or integrated with other instruments for the policy system to meet legally binding obligations in regard to Ireland�s GHG emissions and any new obligations or targets emerging from international or EU agreements. Fellowship will deliver 5 key outcomes: � Policy analysis of market mechanisms, including: analysis of the existing portfolio and how they are delivering in terms of cost effectiveness, environmental objectives, and other effects; and how they might be adapted and/or combined with other policy mechanisms to contribute to Irish emissions target compliance; � Review of current mitigation studies, including synthesis of key findings and policy implications; � Analysis of international carbon market development to date, synthesis of key findings and categorisation of market formation fundamentals, identification of probable market developments to 2020; � Identify appropriate level of carbon market investment and develop a strategy for how Ireland can best use the market to meet national, EU and international targets; � Evaluation of potential of carbon market modalities to support developing country mitigation and adaptation, assessment of carbon market mitigation and adaptation support to date.

Grant Approved

�219,174.00

Research Hub

Climate Change

Research Theme

Socio Economic and Technological Climate Solutions and Transition Management

Start Date

21/11/2011

Initial Projected Completion Date

31/12/2013