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What Has Kyoto Wrought? The Real Architecture of International Tradable Permit Markets
Hahn, Robert W.; Stavins, Robert N. - 1999
of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of … greenhouse policy instruments. This is an important issue because the Protocol explicitly provides for domestic sovereignty …-trading approaches such as greenhouse-gas taxes or fixed quantity standards -- which seems likely in the light of previous experience …
Persistent link: https://www.econbiz.de/10009445454
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Allocation of CO2 Emissions Allowances in the Regional Greenhouse Gas Cap-and-Trade Program
Burtraw, Dallas; Palmer, Karen L.; Kahn, Danny - 2005
result of the policy. Another concern with a regional cap-and-trade program like the Regional Greenhouse Gas Initiative (RGGI … outside the region, commonly called emissions leakage. In this research we model historic, auction, and updating approaches to … price increases the most with a historic or auction approach. Coal-fired generation in the RGGI region decreases under all …
Persistent link: https://www.econbiz.de/10009445480
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CO2 Allowance Allocation in the Regional Greenhouse Gas Initiative and the Effect on Electricity Investors
Burtraw, Dallas; Kahn, Danny; Palmer, Karen L. - 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 …
Persistent link: https://www.econbiz.de/10009445517
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Market-Based Environmental Policies
Stavins, Robert N. - 1998
Some eighty years ago, economists first proposed the use of corrective taxes to internalize environmental and other externalities. Fifty years later, the portfolio of potential economic-incentive instruments was expanded to include quantity-based mechanisms--tradable permits. Thus,...
Persistent link: https://www.econbiz.de/10009445514
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Experience with Market-Based Environmental Policy Instruments
Stavins, Robert N. - 2001
Environmental policies typically combine the identification of a goal with some means to achieve that goal. This chapter for the forthcoming Handbook of Environmental Economics focuses exclusively on the second component, the means - the "instruments" - of environmental policy, and considers, in...
Persistent link: https://www.econbiz.de/10009446665
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Service Contract : EC - DG Environment − CNRS-IEPE: Options for the Operationalisation of the Kyoto Mechanisms - Economic Analysis based on Partial Equilibrium Models
Criqui, Patrick; Kitous, Alban - Institut d'Économie et de Politique de l'Énergie - 2001
This report presents two series of studies performed before COP-6 and COP-6bis, in order to provide DG Environment with economic analysis of the issues at stake in international climate negotiations. These analysis used the background information provided by the large scale world energy partial...
Persistent link: https://www.econbiz.de/10009475083
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An Experimental Analysis of Auctioning Emission Allowances Under a Loose Cap
Shobe, William; Palmer, Karen L.; Myers, Erica; Holt, … - 2010
The direct sale of emission 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 that all auction formats … studied are efficient in allocating emission allowances, but auction revenues tend to be lower relative to competitive …
Persistent link: https://www.econbiz.de/10009442655
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The Effect of Allowance Allocation on the Cost of Carbon Emission Trading
Burtraw, Dallas; Palmer, Karen L.; 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/10009445506
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CLIMATE CHANGE AND PRODUCTION RISK IN CHINESE AQUACULTURE
Holst, Rainer; Yu, Xiaohua - 2010
Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...
Persistent link: https://www.econbiz.de/10009442668
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ASSESSING THE IMPACTS OF CAP-AND-TRADE CLIMATE POLICY ON AGRICULTURAL PRODUCERS IN THE NORTHERN PLAINS: A POLICY SIMULATION WITH FARMER PREFERENCES AND ADAPTATION
Jiang, Yong; Koo, Won W. - 2010
The purpose of this study is to examine the possible local impacts of cap-and-trade climate policy on agricultural producers in the Northern Plains. This study explicitly considers farmer behavior with respect to agricultural opportunity in carbon offset provision and ability of adaptation to...
Persistent link: https://www.econbiz.de/10009442669