Transactions Costs in Tradeable Emissions Markets
Author: Lata Gangadharan
Publisher:
Published: 1997
Total Pages: 43
ISBN-13: 9780732508487
DOWNLOAD EBOOK →Lanterna Rally
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Transaction Costs and the Performance of Markets for Pollution Control
Emissions Trading Design
Author: Stefan E. Weishaar
Publisher: Edward Elgar Publishing
Published: 2014-02-28
Total Pages: 269
ISBN-13: 1781952221
DOWNLOAD EBOOK →Emissions trading is becoming an increasingly popular policy instrument with growing diversity in design. This book examines emissions trading design, emissions trading implementation problems and how to address them. In an easily accessible way
Markets for Clean Air
Author: A. Denny Ellerman
Publisher: Cambridge University Press
Published: 2000-06-19
Total Pages: 388
ISBN-13: 0521660831
DOWNLOAD EBOOK →The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.
Emissions Trading
Author: Thomas H. Tietenberg
Publisher: Routledge
Published: 2010-09-30
Total Pages: 249
ISBN-13: 113652620X
DOWNLOAD EBOOK →First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.
Managing Climate Risk in the U.S. Financial System
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
Published: 2020-09-09
Total Pages: 196
ISBN-13: 057874841X
DOWNLOAD EBOOK →This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Global Carbon Pricing
Author: Peter Cramton
Publisher: MIT Press
Published: 2017-06-16
Total Pages: 268
ISBN-13: 0262340399
DOWNLOAD EBOOK →Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman
Emissions Trading as a Policy Instrument
Author: Marc Gronwald
Publisher: MIT Press
Published: 2015-07-10
Total Pages: 299
ISBN-13: 0262029286
DOWNLOAD EBOOK →Emissions trading schemes figure prominently among policy instruments used to tackle the problem of climate change, and the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far established. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit one ton of greenhouse gases) and can sell their unused allowances to firms that have higher rates of emissions. In this volume, leading economists offer empirical and theoretical perspectives on the early phases of the EU ETS implementation. The contributors discuss the features of the EU ETS market; and regulatory uncertainty stemming from rule changes; the political economy context of the trading scheme, including allowance allocation and the influence of lobbying on abatement decisions; the coexistence of such overlapping instruments for climate policy as pricing and taxation; the relationship between spot and futures markets for allowances, and firms' responses to various features of the EU ETS, including fluctuating allowance prices, free allocation, and links to the Kyoto process. They show that, although the basic theory behind emissions permit markets is straightforward, design features, market structure, and interactions with other policy instruments can influence the efficiency of the scheme.--
Tradable Permits in the Transport Sector
Author: Charles Raux
Publisher: John Libbey
Published: 2011-01-01
Total Pages: 65
ISBN-13: 9782742007943
DOWNLOAD EBOOK →Marketable permits (or quotas) for emissions of pollutants have proven their effectiveness in controlling sulphur dioxide emissions by U.S. power plants, or for the rapid elimination of lead in gasoline in the 80 in the USA. With regard to greenhouse gas emissions, the European Emission Trading Scheme on stationary installations has been operational since 2005. Is this type of instrument applicable to transportation, considering the nuisances they generate (congestion, noise, air pollution, greenhouse gas emissions)? This book introduces the concept of marketable permits and analyses their relevance for the various nuisances of transportation. It presents some examples of applications and reviews a number of proposals. Potential application areas are identified, with particular developments as regards CO2 emissions from transport.
Tools of the Trade
Author: Canada. Environment Canada
Publisher: Canadian Government Publishing
Published: 2005
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOK →"This guidebook is intended as a reference for policymakers and regulators considering cap and trade as a policy tool to control pollution. It is intended to be sufficiently generic to apply to various pollutants and environmental concerns; however, it emphasizes cap and trade to control emissions produced from stationary source combustion."--Page 1-1, Introduction.
