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Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...
Persistent link: https://www.econbiz.de/10011695725
We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...
Persistent link: https://www.econbiz.de/10011335756
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10011422110
Carbon leakage provides an efficiency argument for unilateral climate policy to differentiate emission prices in favor of emission-intensive and trade-exposed sectors. At the same time, differential emission pricing can be (mis-)used as a beggar-thy-neighbor policy to exploit terms of trade....
Persistent link: https://www.econbiz.de/10010435680
Persistent link: https://www.econbiz.de/10011435100
This paper studies Krugman's (1991) core-periphery model and extends it to include environmental pollution. We present … local environmental pollution, a third and more realistic type of equilibrium may occur in which most of the manufacturing …
Persistent link: https://www.econbiz.de/10011422118
Emissionshandel ausreichend, um eine kostenminimale Reduktion der CO<sub>2</sub>-Emissionen zu erreichen. Die meisten Instrumente der … Instruments wie dem Emissionshandel könnten mit den gleichen finanziellen Mitteln höhere Reduktionen von CO<sub>2</sub> erreicht …
Persistent link: https://www.econbiz.de/10011698405
The paper describes a relatively new approach to pollution reduction problem solving that relies on negotiation between … agreements between authorities and polluters. Design and results of a laboratory environmental policy experiment on air pollution … new institution for environmental pollution management in practice is the most important result. The case also shows the …
Persistent link: https://www.econbiz.de/10011608597
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
Persistent link: https://www.econbiz.de/10011335717
This paper proposes and analyzes a stationary equilibrium model for a competitive industry which endogenously determines the carbon price necessary to achieve a given emission target. In the model, firms are identified by their level of technology and make production, entry, and abatement...
Persistent link: https://www.econbiz.de/10014494914