- Author:Deborah M.B. Adams
- Publisher:FT Energy, a division of Pearson Professional Limited (May 1997)
- Subcategory:Politics & Government
- FB2 format1597 kb
- ePUB format1845 kb
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Greenhouse gas controls. the future of tradeable permits. by Deborah M. B. Adams. Published 1997 by Financial Times Energy Publishing in London.
PDF Reducing greenhouse gases emissions to address global warming . permits resulting from this investment. This note offers a perspective on whether tradeable permits are a passing fad or an enduring trend
permits resulting from this investment. Command and control approaches do not reward. This note offers a perspective on whether tradeable permits are a passing fad or an enduring trend. It does so in noting how various types of tradeable permit systems relate to conventional environmental permits, what are the unique requirements of tradeable permit systems, and why they might be preferred to alternative instruments.
A permit banking system for the special case of a pollutant thatonly causes stock damages is also developed. This latter,simpler case corresponds roughly to the greenhouse gas emissionreduction regime proposed by the . Department of State as ameans of fulfilling the . commitment to the FrameworkConvention on Climate Change. This paper shows that ors can achieve the socially optimal level of emissionsand output through time by setting the correct total sum ofallowable emissions, and specifying the correct ratio for banking and borrowing.
Tradable Pollution Permits. Government can raise funds by selling their reserve pollution permits. The revenue can be used to clean up the environment. Firms have an incentive to invest in clean technology. Firms are able to bank their excess permits for future use. Disadvantages. The EU is only one part of the world, unless all countries engage in similar carbon trading schemes, global emissions will continue to increase. Price fluctuate, making it hard for firms to plan for the future. Prices need to be more stable
Adam Smith’s central contribution to economic understanding was surely his demonstration that under an institutional arrangement of individual liberty, property rights, and voluntary exchange the self-interested conduct of market.
Adam Smith’s central contribution to economic understanding was surely his demonstration that under an institutional arrangement of individual liberty, property rights, and voluntary exchange the self-interested conduct of market participants could be shown to be consistent with a general betterment of the human condition.
Towards a successful international greenhouse gas emissions trading," MPRA Paper 13023, University Library of Munich, Germany.
Tradeable carbon permit auctions: How and why to auction not grandfather," Energy Policy, Elsevier, vol. 30(4), pages 333-345, March. Kerr, Suzi & Cramton, Peter, 1998. Tradable Carbon Permit Auctions: How and Why to Auction Not Grandfather," Discussion Papers dp-98-34, Resources For the Future. Towards a successful international greenhouse gas emissions trading," MPRA Paper 13023, University Library of Munich, Germany.