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An Experimental Study of Auctions Versus Grandfathering to Assign Pollution Permits

Goeree, Jacob K.; Holt, Charles A.; Palmer, Karen; … - 2009

We experimentally study auctions versus grandfathering in the initial assignment of pollution permits that can be … free under grandfathering. In theory, trading in the spot market should erase inefficiencies due to initial mis …-allocations. In the experiment, high emitters exercise market power in the spot market and permit holdings under grandfathering remain …

Persistent link: https://www.econbiz.de/10008458084

Compensation for Electricity Consumers Under a U.S. CO2 Emissions Cap

Paul, Anthony; Burtraw, Dallas; Palmer, Karen - 2008

overall electricity prices. However, this form of compensation comes with an efficiency cost that will increase the overall …

Persistent link: https://www.econbiz.de/10005448667

Tradable Rights to Emit Air Pollution

Burtraw, Dallas; Evans, David A. - 2008

The use of cap-and-trade to regulate air pollution promises to achieve environmental goals at lower cost than traditional prescriptive approaches. Cap-and-trade has been applied to various air pollutants including sulfur dioxide, nitrogen oxides, and volatile organic compounds in the United...

Persistent link: https://www.econbiz.de/10005442496

Ground Source Heat Pump Systems in Canada: Economics and GHG Reduction Potential

Hanova, Jana; Dowlatabadi, Hadi; Mueller, Lynn - 2007

Climate stabilization requires greenhouse gas reductions (GHG) in excess of 60 percent. Ground source heat pumps (GSHPs) hold the promise of meeting heating and cooling loads much more efficiently than conventional technologies. The economic viability of their widespread adoption depends on the...

Persistent link: https://www.econbiz.de/10005442323

EU-ETS and Nordic Electricity: A CVAR Approach

Fell, Harrison - 2008

A cointegrated vector autoregressive (CVAR) model is estimated to determine the dynamic relationship between Nordic wholesale electricity prices and EU emissions trading scheme (EU-ETS) CO2 allowance prices. An impulse response analysis reveals that electricity prices have large short-term...

Persistent link: https://www.econbiz.de/10005590012

Emission regulation: Prices, quantities and hybrids with endogenous technology choice

Storrøsten, Halvor Briseid - 2023

This paper examines the investment incentives of market-based regulation, with focus on the technology characteristics the different regulatory schemes tend to incentivize. The firms' technology choice is socially optimal if and only if the aggregate emission allowance supply is completely...

Persistent link: https://www.econbiz.de/10014550317

How well do tree plantations comply with the twin targets of the Clean Development Mechanism? The case of tree plantations in Tanzania

Glomsrød, Solveig; Liu, Gang; Wei, Taoyuan; Aune, Jens B. - 2008

This paper studies the effect of a CDM tree-planting project on carbon sequestration and urban and rural income distribution, taking economy-wide impacts into account. Carbon sequestration in agricultural soil is considered in addition to the carbon in the tree farm itself. The study points to...

Persistent link: https://www.econbiz.de/10011968304

Can non-market regulations spur innovations in environmental technologies? A study on firm level patenting

Klemetsen, Marit E.; Bye, Brita; Raknerud, Arvid - 2013

This paper provides new evidence on the role of non-market based ("command-and-control") regulations in relation to innovations in environmental technologies. While pricing is generally considered the first-best policy instrument, non-market regulations, such as technology standards and...

Persistent link: https://www.econbiz.de/10011968524

Prices vs. quantities with endogenous cost structure

Storrøsten, Halvor Briseid - 2013

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost structure. I show that one cannot determine which regulatory...

Persistent link: https://www.econbiz.de/10011968525

The Incidence of Pollution Control Policies

Parry, Ian; Walls, Margaret; Sigman, Hilary; Williams … - 2005

This paper reviews theoretical and empirical literature on the household distribution of the costs and benefits of pollution control policies, and ways of integrating distributional issues into environmental cost–benefit analysis. Most studies find that policy costs fall disproportionately on...

Persistent link: https://www.econbiz.de/10005442387