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When agricultural emissions are included in the New Zealand Emission Trading System (ETS) the economics of farming will be significantly altered. Under the legislation current in October 2009, in the early years of the system the agricultural sector as a whole would have received NZ units...
Persistent link: https://www.econbiz.de/10014195333
There has been intense focus on the issue of how emissions allowances might be allocated under a potential federal cap-and-trade program. What fraction of the allowances should be auctioned out, as opposed to given out free? How much free allocation would be sufficient to preserve profits in...
Persistent link: https://www.econbiz.de/10014204785
Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...
Persistent link: https://www.econbiz.de/10014162735
The Chinese central government has approved the seven pilot carbon trading schemes. These seven pilot regions are deliberately selected to be at varying stages of development and are given considerable leeway to design their own schemes. These pilot trading schemes have features in common, but...
Persistent link: https://www.econbiz.de/10014128892
The inaugural Australia Carbon Pricing Survey elicits expectations about the future of carbon pricing from experts working for Australia's largest greenhouse gas emitting companies, the carbon finance and investment industry and selected other experts. The survey indicates pervasive uncertainty...
Persistent link: https://www.econbiz.de/10014040546
We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes under similar expansions of clean electricity...
Persistent link: https://www.econbiz.de/10013334480
commitment.Regulation of international environmental problems such as climate change presents the now well-studied threats of … regulation in other countries. For example, in the case of climate change, if each individual country first selfishly chose and … unconditional abatement to win matching abatements, the equilibrium solution would be regulation that is, by some standards, optimal …
Persistent link: https://www.econbiz.de/10013307945
Accounting for nearly 8% of global annual carbon dioxide (CO2) emissions, the cement industry is considered difficult to decarbonize. While a sizeable number of abatement levers for Portland cement production are technologically ready for deployment, many are still viewed as prohibitively...
Persistent link: https://www.econbiz.de/10014311753
incorporates distinctive features of China's economy, including state-owned enterprises and electricity market regulation. It …
Persistent link: https://www.econbiz.de/10014421235
The inclusion of emissions trading in the Kyoto Protocol reflects an important decision to address climate change issues through flexible market mechanisms. In this paper, we address a number of policy issues that must be considered in designing and implementing an international greenhouse gas...
Persistent link: https://www.econbiz.de/10014210197