, framed in terms of distorted Arrow-Debreu pricing theory that establishes an equivalence between the optimal carbon tax and … the permit price of an underlying asset-the government-imposed limit on emissions in economies with cap and trade. This …

This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance … allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of … change in allocation levels does not significantly affect emissions, either at the plant or firm level. However, I identify …

Initiative (RGGI) to achieve its State Energy Plan targets. The proposed measure is a so-called "carbon adder" on CO2 emissions … to small reductions in region- and country-wide emissions levels. …

emission taxes and emissions trading in qualitative and quantitative terms within a partial equilibrium framework for the EU …. It turns out that those firms within the EU Emissions Trading Scheme (EU ETS) which at the same time are subject to … the EU ETS are ecologically ineffective and subsidise net permit buyers. Thus, all firms that are subject to emissions …

Implementation of an EU-wide emissions trading system by means of National Allocation Plans is at the core of European … Burden Sharing Agreement between energy-intensive sectors that are eligible for international emissions trading and the … EU emissions trading system and the gains for each Member State vis-a-vis domestic abatement policies. We present an …