| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Auctioning Greenhouse Gas Emissions Permits in Australia
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| Autores: |
Betz, Regina
Seifert, Stefan
Cramton, Peter
Kerr, Suzi
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| Data: |
2009-05-22
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| Ano: |
2009
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| Palavras-chave: |
Climate policy
Greenhouse gases
Auctions
Emissions trading
Environmental Economics and Policy
Resource /Energy Economics and Policy
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| Resumo: |
Allocating permits based on individual historical emissions (‘grandfathering’), or industry benchmark data, is an important design aspect of an emissions trading scheme. Free permit allocation has proven complex and inefficient (particularly in the European Union) with distribution implications also politically difficult to justify. For these reasons, auctioning emissions permits has become more popular than allocating permits. The European Union is now moving towards auctioning more than 50 per cent of all permits in 2013. In the US, the Regional Greenhouse Gas Initiative (RGGI) has started with auctioning 100 per cent of permits. The Australian proposal for a Carbon Pollution Reduction Scheme (CPRS) also provides for auctioning a significant share of total permits. This report discusses important theoretical and practical auction design aspects for allocating emissions permits in Australia. Particularly interesting is the proposal to simultaneously auction multiple emissions units of different vintages. The specific design details proposed have been adopted by the Australian Government in their CPRS White Paper.
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| Tipo: |
Report
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| Idioma: |
Inglês
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| Identificador: |
ISSN 1835-9728
http://purl.umn.edu/94878
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| Relação: |
Australian National University>Environmental Economics Research Hub>Research Reports
Environmental Economics Research Hub Research Reports
29
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| Formato: |
26
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