Non-Separable Pollution Control: Implications for a CO2 Emissions Cap and Trade System

2012 ◽  
Author(s):  
Mark D. Agee ◽  
Scott Atkinson ◽  
Thomas D. Crocker ◽  
Jonathan W. Williams
Keyword(s):  
Co2 Emissions ◽  
Pollution Control ◽  
Cap And Trade

Non-separable pollution control: Implications for a CO2 emissions cap and trade system

2014 ◽  
Vol 36 (1) ◽  
pp. 64-82 ◽  
Author(s):  
Mark D. Agee ◽  
Scott E. Atkinson ◽  
Thomas D. Crocker ◽  
Jonathan W. Williams
Keyword(s):  
Co2 Emissions ◽  
Pollution Control ◽  
Cap And Trade

The design of environmental markets: What have we learned from experience with cap and trade?

2017 ◽  
Vol 33 (4) ◽  
pp. 572-588 ◽  
Author(s):  
Richard Schmalensee ◽  
Robert N Stavins
Keyword(s):  
Pollution Control ◽  
Emission Reduction ◽  
Pollution Abatement ◽  
Cap And Trade ◽  
Environmental Markets ◽  
The Past ◽  
Individual Transferable Quota ◽  
The World ◽  
Tradable Permit ◽  
Selection Of

Abstract This article reviews the design of environmental markets for pollution control over the past 30 years, and identifies key market-design lessons for future applications. The focus is on a subset of the cap-and-trade systems that have been implemented, planned, or proposed around the world. Three criteria led us to the selection of systems for review. First, among the broader class of tradable permit systems, our focus is exclusively on cap-and-trade mechanisms, thereby excluding emission-reduction-credit or offset programmes. Second, among cap-and-trade mechanisms, we examine only those that target pollution abatement, and so we do not include applications to natural resource management, such as individual transferable quota systems used to regulate fisheries. Third, we focus on the most prominent applications—those that are particularly important environmentally, economically, or both.

scholarly journals Adopt or Innovate: Understanding Technological Responses to Cap-and-Trade

2020 ◽  
Vol 12 (3) ◽  
pp. 170-201
Author(s):  
Raphael Calel
Keyword(s):  
Carbon Emissions ◽  
Pollution Control ◽  
Carbon Market ◽  
Carbon Intensity ◽  
Carbon Markets ◽  
Low Carbon ◽  
Cap And Trade ◽  
Short Term ◽  
Regulated Firms ◽  
Control Technologies

One important motivation for creating cap-and-trade programs for carbon emissions is the expectation that they will stimulate much-needed low-carbon innovation. I construct a new panel of British firms to investigate this hypothesis, finding that the European carbon market has encouraged greater low-carbon patenting and R&D spending among regulated firms without necessarily driving short-term reductions in carbon intensity of output. This stands in contrast to past cap-and-trade programs, which have primarily spurred adoption of existing pollution control technologies, with little effect on innovation. I discuss how to reconcile these contrasting findings and implications for the future of carbon markets. (JEL D22, O32, O34, Q52, Q54, Q58)

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