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Provedor de dados:  AgEcon
País:  United States
Título:  The Effect of Allowance Allocation on the Cost of Carbon Emission Trading
Autores:  Burtraw, Dallas
Palmer, Karen L.
Bharvirkar, Ranjit
Paul, Anthony
Data:  2005-10-26
Ano:  2001
Palavras-chave:  Carbon
Emission allowance trading
Allowance allocations
Electricity
Restructuring
Air pollution
Safety valve
Auction
Grandfathering
Generation performance standard
Output-based allocation
Cost-effectiveness
Environmental Economics and Policy
Q2
Q25
Q4
L94
Resumo:  We investigate the cost-effectiveness and distributional effects of a revenue-raising auction, grandfathering, and a generation performance standard as alternative approaches for distributing carbon emission allowances in the electricity sector. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the other approaches. This result holds under a variety of assumptions about the future state of economic regulation and competition in the electricity sector. The differences in the cost of the approaches flow from the effect of each approach on electricity price. Grandfathering is the best for producers but it imposes a substantial cost on consumers. The generation performance standard yields the lowest electricity price but highest natural gas price. The auction does better than the generation performance standard at protecting households and at preserving asset values for producers. It also yields revenues that can help meet other efficiency and distributional goals.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  18563

http://purl.umn.edu/10536
Editor:  AgEcon Search
Relação:  Resources for the Future>Discussion Papers
Discussion Paper 01-30
Formato:  54

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