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The Development of a Gulf Carbon Platform

The Development of a Gulf Carbon Platform

Mapping out the Gulf Cooperation Council Carbon Exchange

Working Paper

May 20, 2010

Author: Justin Dargin, Former Associate, The Dubai Initiative

Belfer Center Programs or Projects: Dubai Initiative

 

The countries of the Gulf cooperation Council (GCC) have some of the highest green house gas emissions rates per capita in the world. This paper argues that in spite of the extremely high greenhouse gas (GHG) emissions rates, GCC members will benefit economically, environmentally and geopolitically by constructing a harmonized pan-GCC carbon trading platform that will allow them to make cost-efficient decisions about greenhouse gas abatement. Based on the unique characteristics of the GCC members, a pan-GCC cap-and-trade framework is suggested. Optimally, policy makers would institute it in a phased, voluntary introduction, to be gradually replaced by a mandatory scheme. If the GCC countries implement such a system, they would be able to rationalize their energy usage fro domestic power production, and conserve their oil and gas production for future generations.

 

For more information about this publication please contact the The Dubai Initiative at 617-496-3694.

For Academic Citation:

Dargin, Justin. "The Development of a Gulf Carbon Platform." Working Paper, Dubai Initiative, Belfer Center for Science and International Affairs, Harvard Kennedy School, May 20, 2010.

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