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The debate on the European Union Emissions Trading Scheme (EU ETS) is blurred, over-simplified and sometimes misguided. There appears to be confusion about what the EU ETS should deliver, whether it is effective in doing so, and how the scheme should be characterized. In our paper we aim to...
Persistent link: https://www.econbiz.de/10012994320
Congress is likely to consider domestic climate change legislation during 2009, with a cap-and-trade system continuing to draw support from the Obama Administration and many leaders in Congress. Yet cap-and-trade regulations would take years for EPA to develop and implement, the desired price...
Persistent link: https://www.econbiz.de/10014210965
The objective of this paper is to find out whether differences between the domestic permit allocation procedures of the Member States of the European Union (EU) will distort competition and lead to state aid in a European carbon trading market. This paper shows that it depends whether one takes...
Persistent link: https://www.econbiz.de/10014127219
This paper argues that, in situations where choices are made between mutually exclusive investment projects and where there are economic rents, free allocation of tradable emission permits in emissions trading systems can weaken incentives for firms to invest in less carbon-intensive...
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allowances of CO2, by focusing on the dynamics of daily auction equilibrium prices and on the changes of the volatility of the … auction rules and bidders' behavior and uses them as a theoretical basis of the statistical hypothesis–common to the empirical …
Persistent link: https://www.econbiz.de/10012827161
The purpose of this study was to design an auction mechanism for use by the Regional Greenhouse Gas Initiative (RGGI … auction types considered to be likely candidates for use in a CO<sub>2</sub> allowance auction: sealed-bid, increasing …-price sequential (English clock), and decreasing-price sequential (Dutch) auction forms. We also examined whether sealed-bid auctions …
Persistent link: https://www.econbiz.de/10013051892