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We consider an international emissions trading scheme with partial sectoral and regional coverage. Sectoral and regional expansion of the trading scheme is beneficial in aggregate, but not necessarily for individual countries. We simulate international CO2 emission quota markets using marginal...
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all market-orientated mechanisms. Therefore, their initial allocation to the market participants is crucial. The deposit …-refund model of Central Allocation is an alternative to the distribution of emission permits actually discussed in the context of … system of Central Allocation is aimed to achieve an equitable distribution according to real emission needs, a positive …
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Pricing Mechanism (ACPM) as case studies. In both the EU ETS and the ACPM, the free allocation of allowances to emissions … different systems of free allocation. Although linking ETSs with different systems of allocation is technically possible …
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