Global Challenges and the Need for International Cooperation in SEE

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Presentation transcript:

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

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

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

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

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!!!