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Persistent link: https://www.econbiz.de/10014441914
This paper considers the question under what conditions domestic markets of emission permits would and should merge to become an international market. Emission permits are licenses, and so governments would need to recognize other countries' permits. In a two-county model, we find that it is in...
Persistent link: https://www.econbiz.de/10009743264
This paper considers the question under what conditions domestic markets of emission permits would and should merge to become an international market. Emission permits are licenses, and so governments would need to recognize other countries' permits. In a two-county model, we find that it is in...
Persistent link: https://www.econbiz.de/10014114867
Member States; (3) the Clean Development Mechanism (CDM) to purchase offsets in developing countries; and (4) trade in CDM …. -- European Union ; greenhouse gas emission reduction ; clean development mechanism ; permit trade …
Persistent link: https://www.econbiz.de/10003828267
questions in relation to these Transfer Emission Units or TEUs. First, what mechanism should be used to facilitate the exchange … of TEUs? The preferred mechanism is a uniform price auction, preferably EU-wide. Second, what ‘part’ of the non …
Persistent link: https://www.econbiz.de/10003839307
Member State the right to use its unused Clean Development Mechanism (“CDMs”) credits. The paper addresses three issues in … strategy in order to determine whether or not a member State is a buyer or seller of CDMWs. Second, what mechanism should be … used to facilitate the exchange of CDMWs? The preferred mechanism depends on the market size, over which there appears to …
Persistent link: https://www.econbiz.de/10003839362
Three computable general equilibrium models are used to estimate the economic implications of a stylized version of EU climate policy. If implemented at the lowest possible cost, the 20% emissions reduction would lead to a welfare loss of 0.5-2.0% by 2020. Second-best policies increase costs. A...
Persistent link: https://www.econbiz.de/10003898714
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