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Simulating a Market for Tradable Greenhouse Gas Emissions Permits amongst Irish Farmers AgEcon
Breen, James P..
Research into Greenhouse Gas (GHG) emissions from Irish agriculture has focused on two main themes (i) projecting future emission levels and (ii) devising abatement strategies at the farm level such as changes in animal diet, better waste management and or changes in farm management practices. These abatement strategies will have costs associated with them some of which, such as capital investment or reducing livestock numbers, may be substantial. However economic theory indicates that market based solutions such as tradable emissions permits (TEP’s) are the least cost means of achieving desired reductions in emissions. To date within Europe a regulatory approach has been favoured when trying to curtail emissions from agriculture, the Nitrates Directive...
Tipo: Conference Paper or Presentation Palavras-chave: Farm level modelling; Greenhouse gas emissions; Tradable emissions permits; Q12; Q52.
Ano: 2008 URL: http://purl.umn.edu/36770
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MARKET-BASED SOLUTIONS TO ENVIRONMENTAL PROBLEMS: DISCUSSION AgEcon
Woodward, Richard T..
There is rapidly growing interest in the use of market-based (MB) instruments in environmental policy. The papers in this session discuss three relatively new areas for such policies: groundwater contamination, nonpoint source surface-water pollution and carbon sequestration. The papers point out the potential for MB policies in these areas, but significant challenges remain. This comment highlights challenges related to five issues: monitoring and enforcement, trading ratios, baselines, transaction costs, and risk and uncertainty. All these issues must be addressed before MB policies can take the full step from economic theory to regulatory reality.
Tipo: Journal Article Palavras-chave: Global warming; Carbon sequestration; Groundwater contamination; Nonpoint pollution; Effluent trading; Tradable emissions permits; Environmental Economics and Policy; Q2; Q28; Q25.
Ano: 2000 URL: http://purl.umn.edu/15501
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Project-Based Mechanisms for Emissions Reductions: Balancing Trade-offs with Baselines AgEcon
Fischer, Carolyn.
Project-based mechanisms for emissions reductions credits, like the Clean Development Mechanism, pose important challenges for policy design because of several inherent characteristics. Participation is voluntary, so it will not occur without sufficient credits. Evaluating reductions requires assigning an emissions baseline for a counterfactual that cannot be measured. Some investments have both economic and environmental benefits and might occur anyway. Uncertainty surrounds both emissions and investment returns, and parties to the project are likely to have more information than the certifying authority. The certifying agent is limited in its ability to design a contract that would reveal investment intentions. As a result, rules for benchmarking...
Tipo: Working or Discussion Paper Palavras-chave: Climate policy; Clean Development Mechanism; Baselines; Asymmetric information; Offsets; Emissions reduction; Tradable emissions permits; Environmental Economics and Policy; D8; Q4.
Ano: 2004 URL: http://purl.umn.edu/10836
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Pollution Regulation and the Efficiency Gains from Technological Innovation AgEcon
Parry, Ian W.H..
Previous studies suggest that emissions taxes are more efficient at stimulating the development of improved pollution abatement technologies than other policy instruments, such as (non-auctioned) tradable emissions permits. We present results from a competitive model that cast some doubt on the empirical importance of this assertion. For example, we find that efficiency in the market for "environmental R&D" under tradable permits is typically less than 6 percent lower than that under an emissions tax for innovations that reduce pollution abatement costs by 10 percent or less. However the discrepancy is more significant in the case of more major innovations. We also find that the presence of R&D spillovers per se does not necessarily imply large...
Tipo: Working or Discussion Paper Palavras-chave: Emissions tax; Tradable emissions permits; Performance standard; R&D; Efficiency effects; Patents; Environmental Economics and Policy; Q28; O38.
Ano: 1997 URL: http://purl.umn.edu/10653
Registros recuperados: 4
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