The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances

Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.

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Year of publication:	2002-03-01
Authors:	Burtraw, Dallas ; Palmer, Karen ; Bharvirkar, Ranjit ; Paul, Anthony
Subject:	carbon dioxide \| emission allowance trading \| allocation \| electricity \| restructuring \| air pollution \| auction \| grandfathering \| generation performance standard \| outputbased allocation \| cost-effectiveness

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	Q2 - Renewable Resources and Conservation; Environmental Management ; Q25 - Water ; Q4 - Energy ; L94 - Electric Utilities
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005399466