Showing 1 - 10 of 14
The details on rules and modalities for the inclusion of forestry projects in the Clean Development Mechanism (CDM) are … different policy decisions concerning the inclusion of CDM forestry sink enhancement projects in the first commitment period of … the climate regime (2008-2012). Our analysis is based on the development of marginal forestry cost curves which are …
Persistent link: https://www.econbiz.de/10009442347
In most urban cities across Australia, water restrictions remain the dominant policymechanism to restrict urban water consumption. The extensive adoption of waterrestrictions over several years means that Australian urban water prices have consistently not reflected the opportunity cost of water...
Persistent link: https://www.econbiz.de/10009443667
Human activities have resulted in the loss of about half of the original 221 million acres of wetlands in the conterminous 48 states. Federal laws, policies, and programs have had major impacts on the nation's wetland resources. Initially, they encouraged and subsidized the draining and filling...
Persistent link: https://www.econbiz.de/10009445494
The direct sale of emission allowances by auction is an emerging characteristic of cap-and-trade programs. This study is motivated by the observation that all of the major implementations of cap-and-trade regulations for the control of air pollution have started with a generous allocation of...
Persistent link: https://www.econbiz.de/10009442655
For years economists have urged policymakers to use market-based approaches such as cap-and-trade programs or emission taxes to control pollution. The SO2 allowance market created by Title IV of the 1990 U.S. Clean Air Act Amendments (CAAA) presents the first real test of the wisdom of...
Persistent link: https://www.econbiz.de/10009445476
Emissions trading can be organized in several ways. In particular, private emissions trading can be organized as permit trading, or as credit trading. The schemes have a different impact on output with credit trading leading to a higher output level than permit trading. This paper analyzes what...
Persistent link: https://www.econbiz.de/10009443911
This paper presents a model of imperfect international competition. Within this framework, the optimal choice of national environmental policy instrument and international emissions trading scheme is discussed. The choice of national instrument is restricted to absolute and relative standards,...
Persistent link: https://www.econbiz.de/10009443914
Cap-and-trade programs have become widely accepted for the control of conventional air pollution in the United States. However, there is still no political consensus to use these programs to address greenhouse gases. Meanwhile, in the wake of the success of the U.S. SO2 and NOx trading programs,...
Persistent link: https://www.econbiz.de/10009445439
Rate-based emissions policies (like tradable performance standards) fix average emissions intensity, while cap-and-trade policies fix total emissions. This paper shows that unfettered trade between rate-based and cap-and-trade programs always raises combined emissions, except when product...
Persistent link: https://www.econbiz.de/10009445460
The choice of mechanism for allocating tradable emissions permits has important efficiency and distributional effects when tax and trade distortions are considered. We present different rules for allocating carbon allowances within sectors (lump-sum grandfathering, output-based allocation [OBA],...
Persistent link: https://www.econbiz.de/10009445479