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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an extra fee or tax. This has budgetary advantages and is more compatible with international permit trading than alternative approaches that dominate the academic and policy debate. The fee approach can also be used to implement more general hybrid approaches to emissions pricing.
Tipo: Working or Discussion Paper Palavras-chave: Price Floor; Price Ceiling; Carbon Tax; Emissions Trading; Carbon Pricing; Price and Quantity Controls; Waxman-Markey Bill; Environmental Economics and Policy; Q58.
Ano: 2009 URL: http://purl.umn.edu/56211
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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty. Implementing the schemes, however, has pitfalls. This research report argues that requiring firms to pay an extra fee or tax is the best way to put a price floor in place. As well as providing budgetary advantages, the fee approach is more compatible with international permit trading than the alternative approaches currently dominating academic and policy debate. The fee approach can also be used for other emissions pricing schemes.
Tipo: Report Palavras-chave: Price floor; Price ceiling; Carbon tax; Emissions trading; Carbon pricing; Price and quality controls; Waxman-Markey Bill; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94885
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The U.S. Proposed Carbon Tariffs, WTO Scrutiny and China’s Responses AgEcon
Zhang, ZhongXiang.
With countries from around the world set to meet in Copenhagen to try to hammer out a post-2012 climate change agreement, no one would disagree that a U.S. commitment to cut greenhouse gas emissions is essential to such a global pact. However, despite U.S. president Obama’s recent announcement to push for a commitment to cut U.S. greenhouse gas emissions by 17% by 2020, in reality it is questionable whether U.S. Congress will agree to specific emissions cuts, although they are not ambitious at all from the perspectives of both the EU and developing countries, without the imposition of carbon tariffs on Chinese products to the U.S. market, even given China’s own recent announcement to voluntarily seek to reduce its carbon intensity by 40-45% over the same...
Tipo: Working or Discussion Paper Palavras-chave: Post-2012 Climate Negotiations; Border Carbon Adjustments; Carbon Tariffs; Emissions Allowance Requirements; Cap-And-Trade Regime; Lieberman-Warner Bill; Waxman-Markey Bill; World Trade Organization; Kyoto Protocol; China; United States; Environmental Economics and Policy; F18; Q48; Q54; Q56; Q58.
Ano: 2010 URL: http://purl.umn.edu/60682
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