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Optimal Coverage of Installations in a Carbon Emissions Trading Scheme (ETS) AgEcon
Sanderson, Todd; Ancev, Tihomir; Betz, Regina.
Trading schemes for emission allowances have become a panacea for nations aspiring to reduce their aggregate emissions of greenhouse gases from industry in a cost-effective manner. The contention of this paper is that an emissions trading scheme (ETS) should not be based on blanket coverage of installations on a downstream level, but should rather be designed to include some installations, and from some industrial sectors. In the case of an ETS there are high costs of administration, monitoring and transacting imposed on the installations covered. These costs are supposed to be more than offset by the cost savings realised through trading in the market for emission allowances. However, the paper shows that not all installations can fully offset...
Tipo: Conference Paper or Presentation Palavras-chave: Climate Change; Emissions Trading Scheme; European Union; Marginal Abatement Costs; Environmental Policy; Environmental Economics and Policy; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/6047
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Climate change and Australia’s comparative advantage in broadacre agriculture AgEcon
Sanderson, Todd; Ahmadi-Esfahani, Fredoun Z..
Australia has long been a major exporter of the products of broadacre agriculture, a production system well suited to the economic and climatic conditions of the country. According to the conventional wisdom, Australia holds a comparative advantage in these products, among which wheat and livestock products predominate. However, the future validity of this proposition is sensitive to the projected impacts of climate change. This paper develops a framework with which to quantify the future patterns of comparative advantage in broadacre agriculture given the projections of several global climate models. We find empirical support for the conventional wisdom, and note substantial resilience in Australia’s comparative advantage to adverse yield change.
Tipo: Conference Paper or Presentation Palavras-chave: Comparative advantage; Climate change; Broadacre agriculture; Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/96493
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In or Out: Efficient inclusion of installations in an Emissions Trading Scheme? AgEcon
Betz, Regina; Sanderson, Todd; Ancev, Tihomir.
Regulators around the world are currently considering national emissions trading systems (ETS) as a cost-effective way to reduce greenhouse gas emissions. ETS installations coverage is one of the numerous design issues confronting them. ‘Blanket coverage’ that includes all an economy’s industrial emitters of greenhouse gases has some intuitive appeal. Although it seems equitable it does not, however, take into full account all the costs related to the extent of coverage. This report shows how an alternative approach of ‘efficient coverage’ can achieve the same emission reduction outcome at lower social cost. The approach is based on maximising the benefits of including installations in an ETS, while at the same time taking into account all relevant...
Tipo: Report Palavras-chave: Emissions Trading Scheme; Environmental Policy; Installation Coverage; Transaction costs.; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q50; Q58; H23.
Ano: 2009 URL: http://purl.umn.edu/94877
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Climate change and Australia’s comparative advantage in wheat AgEcon
Sanderson, Todd; Ahmadi-Esfahani, Fredoun Z..
Australia has long been a major exporter of wheat, a commodity well suited to the economic and climatic conditions of Australia. According to the conventional wisdom, Australia holds a comparative advantage in wheat. However, the future validity of this proposition is sensitive to the proposed impacts of climate change. This paper develops a framework with which to examine the future patterns of comparative advantage in wheat given the projections of several global climate models. We find support for the conventional wisdom, and identify the presence of substantial resilience in Australia’s comparative advantage to adverse yield change.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/59155
Registros recuperados: 4
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