National Emissions Trading Taskforce - Possible Design for a Greenhouse Gas Emissions Trading System
| Year of publication: |
2007-08-01
|
|---|---|
| Authors: | McCreery, Stuart |
| Publisher: |
Institut für Informationswirtschaft und -management <Karlsruhe> |
| Subject: | Handelssystem | Umweltzertifikathandel |
- 1. Introduction
- 2. General Benefits and Objectives of Auctioning
- 2.1 Why auctioning?
- 2.2 Auction objectives of the NETT
- 3. A Short Introduction to Auction Theory and Auction types
- 3.1 Introduction
- 3.2 Auction types
- 3.3 Modelling the information available to bidders
- 3.4 Selected auction phenomena
- 4. Contemporary Experiences in Design and Implementation of Auctions
- 4.1 Emisssions
- 4.2 Greenhouse Gases (GHG)
- 4.3 Interim conclusions
- 5. Interdependencies of ETS Design and Auction in the Australian context
- 5.1 Coverage
- 5.2 Cap and allocation method
- 5.3 Timing, frequency and liquidity aspects
- 5.4 Interaction between auction design and market liquidity
- 5.5 Other issues
- 5.6 Interim conclusions
- 6. Recommended Auction Type and Design Features
- 6.1 The ascending clock auction
- 6.2 Uniform pricing
- 6.3 Information Revelation
- 6.4 Proxy bidding
- 6.5 Intra-round bidding
- 6.6 Auctioning different vintages
- 6.7 Double auction extension
- 6.8 Bid increments
- 6.9 Conducting the auction
- 6.10 Relationship between design features and auction objectives
- 6.11 Discussion of 'Key Auction Design Issues'
- 7. Future Actions
- 8. Glossary
- 9. References
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