Regenerative Energie
The purpose of this comment is to briefly consider the evolution, and possible future direction, of Emission Reduction Purchase Agreements (“ERPAs”), and to suggest three areas for future legal scholarship in relation to such agreements.
An ERPA is simply a contract that purports to transfer “the entire legal and beneficial right and/or title" in a relatively new form of property right, namely CERs or ERUs issued pursuant to the Kyoto Protocol. These units have been categorized as “regulatory property” and are distinguishable from the traditional categories of public, private or commons property. In essence, the ERPA is the practical manifestation of the paradigm shift that has occurred in environmental regulation: the use of market mechanisms to address environmental externalities. Central to the effective implementation of this policy tool is the functioning of contract law. It has been noted that: “contract law has many purposes, but the central one is to support and to control the millions of agreements that collectively make up the 'market economy'.” This general principle could be condensed in relation to ERPAs, i.e. their central purpose is to support and control the application of the price mechanism that is the basis of the “carbon economy”.
| Copyright: | © Lexxion Verlagsgesellschaft mbH |
| Quelle: | Issue 1/2007 (September 2007) |
| Seiten: | 3 |
| Preis: | € 16,00 |
| Autor: | Karl Upston-Hooper |
| Diesen Fachartikel kaufen... (nach Kauf erscheint Ihr Warenkorb oben links) | |
| Artikel weiterempfehlen | |
| Artikel nach Login kommentieren | |
Rechtliche und praktische Unsicherheiten bei der Durchführung des europäischen Klimaanpassungsrechts durch das Bundes- Klimaanpassungsgesetz (KAnG)
© Lexxion Verlagsgesellschaft mbH (6/2025)
In the context of the European Climate Law (EU) 2021/1119), the Governance Regulation (EU) 2018/1999 and the Nature Restoration Regulation (EU) 2024/1991, the KAnG came into force on July 1, 2024.
Transformatives Klimarecht: Raum, Zeit, Gesellschaft
© Lexxion Verlagsgesellschaft mbH (6/2025)
This article contends that climate law should be conceived as inherently transformative in a double sense. The law not only guides the necessary transformation of economy and society, but is itself undergoing transformation.
Maßnahmen zur Klimaanpassung sächsischer Talsperren
© Springer Vieweg | Springer Fachmedien Wiesbaden GmbH (5/2025)
Die Landestalsperrenverwaltung des Freistaates Sachsen (LTV) betreibt aktuell insgesamt 87 Stauanlagen, darunter 25 Trinkwassertalsperren. Der Stauanlagenbestand ist historisch gewachsen und wurde für unterschiedliche Zwecke errichtet.