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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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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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Abatement and Allocation in the Pilot Phase of the EU ETS AgEcon
Anderson, Barry; Di Maria, Corrado; Convery, Frank J..
We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we conclude that both overallocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 376 million EUAs (6%) and total abatement at the member state level of 107 Mt CO2 (1.8%). However, due to over-allocation and possible uncertainty about...
Tipo: Working or Discussion Paper Palavras-chave: Emissions Trading Scheme; Climate Policy; Dynamic Panel Data Analysis; Environmental Economics and Policy; C23; O13; Q54; Q58.
Ano: 2009 URL: http://purl.umn.edu/55831
Registros recuperados: 3
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