Imperfect Markets versus Imperfect Regulation: Reevaluation of an Emissions Trading Program: Reclaim

2021 ◽  
Author(s):  
Jingqi Ma ◽  
Haisheng Yang
Keyword(s):  
Emissions Trading ◽  
Imperfect Markets ◽  
Trading Program

scholarly journals To Trade or Not To Trade? Criteria for Applying Cap and Trade

2001 ◽  
Vol 1 ◽  
pp. 953-957 ◽  
Author(s):  
Stephanie Benkovic ◽  
Joseph Kruger
Keyword(s):  
Emissions Trading ◽  
Environmental Problem ◽  
Cost Effective ◽  
Cap And Trade ◽  
Policy Tool ◽  
Effective Manner ◽  
Effective Policy ◽  
Foreign Governments ◽  
Trading Program ◽  
The U.S

The use of emissions trading (cap and trade) is gaining worldwide recognition as an extremely effective policy tool. The U.S. Sulfur Dioxide (SO2) Emissions Trading Program has achieved an unprecedented level of environmental protection in a cost-effective manner. The successful results of the program have led domestic and foreign governments to consider the application of cap and trade to address other air quality issues. Certain analyses are particularly important in determining whether or not cap and trade is an appropriate policy tool. This paper offers a set of questions that can be used as criteria for determining whether or not cap and trade is the preferred policy approach to an environmental problem.

Communicating about Carbon Taxes and Emissions Trading Programs

2017 ◽  
Author(s):  
Erick Lachapelle
Keyword(s):  
Emissions Trading ◽  
Public Support ◽  
Ghg Emissions ◽  
Policy Instruments ◽  
Carbon Price ◽  
Carbon Taxes ◽  
Cap And Trade ◽  
Policy Makers ◽  
The Public ◽  
Trading Program

In debates surrounding policy options for mitigating greenhouse gas (GHG) emissions, economists of various political stripes are near unanimous in their advocacy of putting a price on carbon, whether through a tax or emissions trading program. Due to the visible costs imposed on industry and consumers, however, these policies have been resisted by carbon-intensive industries and by an ideologically divided public, producing incentives for vote-seeking politicians to avoid implementing comprehensive and stringent carbon prices within their own borders. In this highly politicized environment, and considering the more recent diffusion of market-based instruments across political jurisdictions around the world, researchers have sought to identify the conditions most favorable to implementing carbon taxes and cap-and-trade programs, the correlates of public support for these policies, and the extent to which different communication strategies may help build public support. How do experts, political leaders, and members of the public understand these policy instruments, and what specific approaches have been most successful in persuading policy makers and the public to support a price on carbon? In places that have yet to implement a carbon price, what can communication strategists learn from existing research and the experience of other jurisdictions where such policies have been successfully implemented? In places where carbon taxes or carbon cap-and-trade programs exist, how are the benefits of these policies best communicated to ensure the durability of carbon pricing policies over time?

Design and Analysis of the Management System of Emissions Trading Based on Web

2013 ◽  
Vol 295-298 ◽  
pp. 1659-1662
Author(s):  
Fan Long Kong ◽  
Min Xi ◽  
Yue Li ◽  
Fan Ting Kong ◽  
Wan Chen
Keyword(s):  
Emissions Trading ◽  
Strong Support ◽  
Emission Trading ◽  
Advanced Technology ◽  
Social Benefits ◽  
Emission Trading System ◽  
Trading System ◽  
Detail Design ◽  
Design Ideas ◽  
Trading Program

The emissions trading has significant environmental, economic and social benefits, and so far, China already has the foundation for implementation. Combied with the development of the current information technology and application level, this paper proposes a set of Emission Trading System and Functional Analysis of design ideas. The system starts from Platform Analysis, selects a reasonable and effective advanced technology solutions (.Net + Mysql + GPRS), owns a detail design of the data flow and emissions trading program. It also layouts a number of subsystems in function, which focus on emissions trading functions. Finally, it provides a better systematic implementation of emissions trading platform and strong support for the implementation of security.

Emissions Trading, Electricity Restructuring, and Investment in Pollution Abatement

2010 ◽  
Vol 100 (3) ◽  
pp. 837-869 ◽  
Author(s):  
Meredith Fowlie
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Emissions Trading ◽  
Pollution Abatement ◽  
State Level ◽  
Economic Regulation ◽  
Market Outcomes ◽  
Capital Intensive ◽  
Trading Program ◽  
Stationary Sources

This paper analyzes an emissions trading program that was introduced to reduce smog-causing pollution from large stationary sources. Using variation in state level electricity industry restructuring activity, I identify the effect of economic regulation on pollution permit market outcomes. There are two main findings. First, deregulated plants in restructured electricity markets were less likely to adopt more capital intensive environmental compliance options as compared to regulated or publicly owned plants. Second, as a consequence of heterogeneity in electricity market regulations, a larger share of the permitted pollution is being emitted in states where air quality problems tend to be more severe. (JEL L51, L94, L98, Q53, Q58)

Economics Is Not Enough: The “Old Model” of Cap and Trade

2016 ◽  
Author(s):  
Leigh Raymond
Keyword(s):  
Initial Phase ◽  
Emissions Trading ◽  
Policy Design ◽  
Eu Ets ◽  
Cap And Trade ◽  
Political Actors ◽  
Improve Energy Efficiency ◽  
Public Benefit ◽  
Electricity Deregulation ◽  
Trading Program

This chapter describes the “old” model of cap-and-trade policy design that largely controlled emissions trading policy from its origins in the 1970s through the 1990s, under which emissions trading programs were adopted reluctantly, and “grandfathered” emissions allowances to current emitters at no cost. It also describes some important events starting in the 1990s that helped lay the groundwork for the sudden switch to auctions in RGGI, including: greater attention to allocation rules by political actors, new precedents such as spectrum rights auctions and severance taxes on some nature resources, new political and economic pressures from electricity deregulation, and the emergence of “public benefit” charges and programs to improve energy efficiency for consumers. In addition, this period saw the emergence of new polluter pays and public ownership normative frames in the context of emissions allowances. At the same time, the chapter documents how these initial changes were insufficient to successfully promote allowance auctions in the development of two prominent cap and trade programs: the initial phase of the EU ETS from 1998-2005, and the NOx Budget emissions trading program from 1994-2005.

scholarly journals Target-Setting Emissions Trading Program in Saitama Prefecture: Impact on CO2 Emissions in the First Compliance Period

2020 ◽  
pp. 117-127
Author(s):  
Mitsutsugu Hamamoto
Keyword(s):  
Energy Consumption ◽  
Causal Relationship ◽  
Co2 Emissions ◽  
Emission Reduction ◽  
Emissions Trading ◽  
Target Setting ◽  
Level Data ◽  
Facility Level ◽  
Trading Program

Abstract This chapter investigates whether the Target-Setting Emissions Trading (TSET) Program launched in 2011 by Saitama Prefecture in Japan had an impact on CO2 emissions during the first compliance period. Facility-level data are used to estimate the causal relationship between implementation of the program and changes in CO2 emissions. The results indicate that the TSET Program spurred emission reduction efforts. In addition, this chapter shows that the TSET Program also functioned as an incentive for facilities that are not covered by the program to lower their energy consumption. These findings indicate that the TSET Program succeeded in encouraging emission reduction efforts by the facilities, even though the program includes no penalty for facilities that do not meet emission goals.

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