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| Acworth, William; Edwards, Astrid. |
| With agriculture occupying approximately sixty per cent of Australia’s land surface, policy makers, scientists and land managers are becoming increasingly interested in opportunities to sequester greenhouse emissions through land use change. The announcement of the Labor Government’s Carbon Farming Initiative brings Australian agriculture a step closer to participating in recognised domestic and international climate change mitigation action. In this paper, the costs and opportunities for carbon sequestration options under the Carbon Farming Initiative are assessed. The following section discusses the substantial hidden costs that may be associated with an offset trading scheme and potential for these costs to substantially shrink the size of the market.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Carbon trading; Resource /Energy Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/100528 |
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| Cramton, Peter; Kerr, Suzi. |
| An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global climate change. To minimize administrative costs, permits would be required at the level of oil refineries, natural gas pipe lines, liquid sellers, and coal processing plants. To maximize liquidity in secondary markets, permits would be fully tradable and bankable. The government would conduct quarterly auctions. A standard ascending-clock auction in which price is gradually raised until there is no excess demand would provide reliable price discovery. An auction is preferred to grandfathering (giving polluters permits in proportion to past pollution), because it allows reduced tax distortions, provides more flexibility in distribution of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Greenhouse; Climate change; Carbon trading; Auction; Ascending-clock; Tradable permits; Environmental Economics and Policy; Q3; D4. |
| Ano: 1998 |
URL: http://purl.umn.edu/10668 |
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