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The Effect of Allowance Allocation on the Cost of Carbon Emission Trading
Burtraw, Dallas; Palmer, Karen; Bharvirkar, Ranjit; … - 2001
generation performance standard as alternative approaches for distributing carbon emission allowances in the electricity sector …. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the … competition in the electricity sector. The differences in the cost of the approaches flow from the effect of each approach on …
Persistent link: https://www.econbiz.de/10005442594
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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances
Burtraw, Dallas; Palmer, Karen; Bharvirkar, Ranjit; … - 2002
Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.
Persistent link: https://www.econbiz.de/10005399466