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Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...
Persistent link: https://www.econbiz.de/10014162735
Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...
Persistent link: https://www.econbiz.de/10013050540
This paper considers how policy updates and trading of regulated quantities over time changes the traditional comparative advantage of prices versus quantities. Quantity regulation that can be traded over time leads firms to set current prices equal to expected future prices. A government...
Persistent link: https://www.econbiz.de/10012987603
This paper considers how policy updates and trading of regulated quantities over time changes the traditional comparative advantage of prices versus quantities. Quantity regulation that can be traded over time leads firms to set current prices equal to expected future prices. A government...
Persistent link: https://www.econbiz.de/10012456298
A sizeable number of papers beginning with Roberts and Spence (1976) have studied the use of price floors and ceilings (or "collars") to manage prices in tradable permit markets. In contrast, economists have only recently begun examining polices to manage quantities under a pollution tax....
Persistent link: https://www.econbiz.de/10012481084
We review the state of knowledge concerning international CO emission transfers associated particularly with trade in energy-intensive goods and concerns about carbon leakage arising from climate policies. The historical increase in aggregate emission transfers from developing to developed...
Persistent link: https://www.econbiz.de/10014243625
A natural outcome of the emerging pledge and review approach to international climate change policy is the interest in comparing mitigation efforts among countries. Domestic publics and stakeholders will have an interest in knowing if “comparable” or “peer” countries are undertaking (or...
Persistent link: https://www.econbiz.de/10013011050
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