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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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