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Linking the Australian Emissions Trading Scheme

Jotzo, Frank; Betz, Regina - Crawford School of Public Policy, Australian National … - 2009

A detailed proposal for an economy-wide emissions trading scheme in Australia was tabled by the government in December 2008 with a proposed start date for mid-2010. The government proposes unilateral linking, with no initial bilateral linkages, through the clean development mechanism and joint...

Persistent link: https://www.econbiz.de/10008693266

In or Out: Efficient inclusion of installations in an Emissions Trading Scheme?

Betz, Regina; Sanderson, Todd; Ancev, Tihomir - Crawford School of Public Policy, Australian National … - 2009

Regulators around the world are currently considering national emissions trading systems (ETS) as a cost-effective way to reduce greenhouse gas emissions. ETS installations coverage is one of the numerous design issues confronting them. ‘Blanket coverage’ that includes all an economy’s...

Persistent link: https://www.econbiz.de/10008693269

Additional Action Reserve: A proposed mechanism to facilitate additional voluntary and policy emission reductions efforts in emissions trading schemes

Twomey, Paul; Betz, Regina; MacGill, Iain; Passey, Robert - Crawford School of Public Policy, Australian National … - 2010

An additional action reserve (AAR) is proposed as a mechanism that allows government and voluntary private interests to make additional emission reductions beyond a national cap. A proportion of Australian emission units (AEUs) is set aside each year. The units can then be retired if state or...

Persistent link: https://www.econbiz.de/10008693277

Auctioning Greenhouse Gas Emissions Permits in Australia

Betz, Regina; Seifert, Stefan; Cramton, Peter; Kerr, Suzi - Crawford School of Public Policy, Australian National … - 2009

Allocating permits based on individual historical emissions (‘grandfathering’), or industry benchmark data, is an important design aspect of an emissions trading scheme. Free permit allocation has proven complex and inefficient (particularly in the European Union) with distribution...

Persistent link: https://www.econbiz.de/10008693300

Initial Allocation Effects in Permit Markets with Bertrand Output Oligopoly

Calford, Evan M.; Heinzel, Christoph; Betz, Regina - Crawford School of Public Policy, Australian National … - 2010

We analyse the efficiency effects of the initial permit allocation given to firms with market power in both permit and … output market. We examine two models: a long- run model with endogenous technology and capacity choice, and a short-run model … with fixed technology and capacity. In the long run, quantity pre-commitment with Bertrand competition can yield Cournot …

Persistent link: https://www.econbiz.de/10008693306

The Effects of Penalty Design on Market Performance: Experimental Evidence from an Emissions Trading Scheme with Auctioned Permits

Restiani, Phillia; Betz, Regina - Crawford School of Public Policy, Australian National … - 2010

efficiency. In contrast to theory, we find that penalty levels serve as a focal point that indicates compliance costs and affects … discovery, which evidently is a significant factor in compliance decisions as well as efficiency. Most importantly, a trade …-off between investment incentives and efficiency is observed. …

Persistent link: https://www.econbiz.de/10009145054

A Theoretical Model of Optimal Compliance Decisions under Different Penalty Designs in Emissions Trading Markets

Restiani, Phillia; Betz, Regina - Crawford School of Public Policy, Australian National … - 2010

This paper employs a theoretical model to examine compliance incentives and market efficiency under three penalty types … penalty type does not affect compliance decisions provided that the efficient penalty level is applied. Market efficiency is …

Persistent link: https://www.econbiz.de/10009145065