Showing 1 - 10 of 155
On 3 June 2008, the Environment, Public Health and Food Safety Committee of the European Parliament hosted a half-day workshop entitled: "Effort sharing under the Climate Package - assessing the role of the Clean Development Mechanism". [...] The workshop explored the role of CDM under the...
Persistent link: https://www.econbiz.de/10011722485
In January 2008 the European Commission (EC) presented an integrated Climate and Energy package to cut emissions for the 21st Century, including proposals for specific targets on renewable energy (20% by 2020) and greenhouse gas emissions reduction (20% by 2020). The package, amongst others,...
Persistent link: https://www.econbiz.de/10011722487
This paper uses laboratory experiments to test the theoretical observations that both the violations of competitive risk-neutral firms and the marginal effectiveness of increased enforcement across firms are independent of differences in their abatement costs and their initial allocations of...
Persistent link: https://www.econbiz.de/10009467769
In this paper we examine the impacts of transaction costs on enforcing a transferable emissions permit system. We derive an enforcement strategy with a self-reporting requirement that achieves complete compliance in a cost-effective manner. In the absence of transaction costs targeted...
Persistent link: https://www.econbiz.de/10009467789
This paper examines the effects of risk aversion on compliance choices in markets for pollution control. A firm’s decision to be compliant or not is independent of its manager’s risk preference. However, noncompliant firms with risk averse managers will have lower violations than otherwise...
Persistent link: https://www.econbiz.de/10009467790
Since firms in an emissions trading program are linked together through a permit market, so too are their compliance choices. Thus, enforcement strategies for trading programs must account for not only the direct effects of enforcement on compliance and emissions decisions, but also the indirect...
Persistent link: https://www.econbiz.de/10009468026
We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one, we concentrate on emissions trading markets. We find that firms that risk bankruptcy demand more permits than if they were financially secure. Thus, bankruptcy risk in a...
Persistent link: https://www.econbiz.de/10009468112
Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 emissions trading and explores the potential implications of the non-competitive supply behavior for the international...
Persistent link: https://www.econbiz.de/10009451242
stakeholders. Since the inception in 2000, the PCF has engaged in a dialogue with China to get it to sign up as a host country … (CDM) in China and feel the significant need for building CDM capacity in China to enable it to gain more insight into the … CDM and increase its capacity to initiate and undertake CDM projects. This paper first discusses why China had hesitated …
Persistent link: https://www.econbiz.de/10009451244
I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel...
Persistent link: https://www.econbiz.de/10009429024