Similar Search Results

Output-Based Allocation of Emissions Permits for Mitigating the Leakage and Competitiveness Issues for the Japanese Economy

Takeda, Shiro; Arimura, Toshi H.; Tamechika, Hanae; … - 2011

issues. We compare auction schemes, grandfathering schemes, and output-based allocation (OBA) schemes. We further extend the … model by examining a combination of auctions and OBA. Though the auction scheme is found to be the best in terms of …

Persistent link: https://www.econbiz.de/10009393307

California’s New Gold: A Primer on the Use of Allowance Value Created under the CO2 Cap-and-Trade Program

Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Jo - 2012

ratepayers. In the first year a fraction of allowances, mostly with future year vintage, will be sold through an auction with a … legislature. Allowance auction revenue will grow five-fold in 2015 when transportation and natural gas are included. To whom does …

Persistent link: https://www.econbiz.de/10010556839

For the Benefit of California Electricity Ratepayers: Electricity Sector Options for the Use of Allowance Value Created under California’s Cap-and-Trade Program

Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Joh - 2012

California will implement a cap-and-trade program to limit emissions of carbon dioxide covering industry and electricity sector emissions in 2013, expanding to cover transportation and natural gas in 2015. Although cap-and-trade would increase annual electricity costs for the average customer by...

Persistent link: https://www.econbiz.de/10010556840

An Experimental Analysis of Auctioning Emissions Allowances under a Loose Cap

Shobe, William; Palmer, Karen; Myers, Erica; Holt, Charles - 2006

The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats … studied are efficient in allocating emissions allowances, but auction revenues tend to be lower relative to competitive …

Persistent link: https://www.econbiz.de/10008458099

Price Discovery in Emissions Permit Auctions

Burtraw, Dallas; Goeree, Jacob; Holt, Charles; Myers, Erica - 2010

demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

Persistent link: https://www.econbiz.de/10008543885

Simple Rules for Targeting CO2 Allowance Allocations to Compensate Firms

Palmer, Karen; Butraw, Dallas; Kahn, Danny - 2006

emissions allowances through an auction so as to direct revenues to tax relief or other public investments. However, an auction …

Persistent link: https://www.econbiz.de/10005442381

Tradable Rights to Emit Air Pollution

Burtraw, Dallas; Evans, David A. - 2008

The use of cap-and-trade to regulate air pollution promises to achieve environmental goals at lower cost than traditional prescriptive approaches. Cap-and-trade has been applied to various air pollutants including sulfur dioxide, nitrogen oxides, and volatile organic compounds in the United...

Persistent link: https://www.econbiz.de/10005442496

The Effect of Allowance Allocation on the Cost of Carbon Emission Trading

Burtraw, Dallas; Palmer, Karen; Bharvirkar, Ranjit; … - 2001

We investigate the cost-effectiveness and distributional effects of a revenue-raising auction, grandfathering, and a …. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the … performance standard yields the lowest electricity price but highest natural gas price. The auction does better than the …

Persistent link: https://www.econbiz.de/10005442594

CO2 Allowance Allocation in the Regional Greenhouse Gas Initiative and the Effect on Electricity Investors

Burtraw, Dallas; Palmer, Karen; Kahn, Daniel - 2005

The Regional Greenhouse Gas Initiative (RGGI) is an effort by nine Northeast and Mid-Atlantic states to develop a regional, mandatory, market-based cap-and-trade program to reduce greenhouse gas (GHG) emissions from the electricity sector. The initiative is expected to lead to an increase in the...

Persistent link: https://www.econbiz.de/10005448661

Compensation for Electricity Consumers Under a U.S. CO2 Emissions Cap

Paul, Anthony; Burtraw, Dallas; Palmer, Karen - 2008

Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity sector, which contributes roughly 40 percent of total CO2 emissions in the U.S. Using a detailed simulation model of the electricity sector, we evaluate alternative ways that...

Persistent link: https://www.econbiz.de/10005448667