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Carbon Markets: Past, Present, and Future

Newell, Richard G.; Pizer, William A.; Raimi, Daniel - 2012

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years -- fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...

Persistent link: https://www.econbiz.de/10010643007

On the effects of linking voluntary cap-and-trade systems for CO₂ emissions

Weitzman, Martin L.; Holtsmark, Bjart - 2018

Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...

Persistent link: https://www.econbiz.de/10011968653

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

Fees in an Imperfect World: An Application to Motor Vehicle Emissions

Ando, Amy; Harrington, Winston; McConnell, Virginia D. - 2007

This paper compares an emissions fee on measured vehicle emissions rates to a mandatory regulation that requires all vehicles to maintain emissions below a minimum standard. We model the motorist’s decision under the fee policy and simulate the fee and regulatory policies using data from an...

Persistent link: https://www.econbiz.de/10005442509

Economic Analysis of a Japanese Air Pollution Regulation: An Optimal Retirement Problem under Vehicle Type Regulation in the NOx–Particulate Matter Law

Iwata, Kazuyuki; Arimura, Toshi - 2008

or efficiency in choosing the timing of retirement. We set and solve an optimal problem to maximize the social net … about 104 percent if the optimal retirement timing is chosen. Further, we confirm that even a simple alteration of … retirement timing can increase the social net benefit by 13 percent. Thus, we confirm the importance of an ex-ante quantitative …

Persistent link: https://www.econbiz.de/10005442574

The Effects of Vintage-Differentiated Environmental Regulation

Stavins, Robert - 2005

Vintage-differentiated regulations (VDRs) are standards that are fixed with respect to the date of entry of regulated units, with later vintages facing more stringent standards. VDRs play prominent roles under major Federal, state, and local environmental laws. This paper synthesizes what is...

Persistent link: https://www.econbiz.de/10005442614