The Design and Implementation of an International Trading Scheme for Greenhouse Gas Emissions
37 Pages Posted: 28 Feb 2009
There are 2 versions of this paper
The Design and Implementation of an International Trading Scheme for Greenhouse Gas Emissions
The Design and Implementation of an International Trading Scheme for Greenhouse Gas Emissions
Date Written: December 1998
Abstract
The inclusion of emissions trading in the Kyoto Protocol reflects an important decision to address climate change issues through flexible market mechanisms. In this paper, we address a number of policy issues that must be considered in designing and implementing an international greenhouse gas (GHG) emissions trading scheme. These include how much of a Party's assigned amount of GHG emissions can be traded internationally; emissions trading models; competitiveness concerns in the allocation of emissions permits; banking and borrowing; the issue of liability for non-compliance; enlarging emissions trading system; and bubbles. Although our focus is exclusively on emissions trading, we discuss its relationship with the clean development mechanism, joint implementation and bubbles wherever necessary. By providing some new insights, the paper aims to contribute to the design and operationlization of an international emissions trading scheme.
Keywords: Bubbles, carbon tax, clean development mechanism, emissions trading, enforcement and compliance, greenhouse gases, international competitiveness, joint implementation, Kyoto Protocol
JEL Classification: K32, Q48, Q52, Q54, Q58
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
By Ian W. H. Parry, Roberton C. Williams, ...
-
By Ian W. H. Parry, Roberton C. Williams, ...
-
Environmental Controls, Scarcity Rents, and Pre-Existing Distortions
By Don Fullerton and Gilbert E. Metcalf
-
Costs of Environmentally Motivated Taxes in the Presence of Other Taxes:General Equilibrium Analyses
-
Environmental Tax Interactions When Pollution Affects Health or Productivity
-
By Carolyn Fischer and Alan K. Fox
-
Empirical Estimates for Environmental Policy Making in a Second-Best Setting
-
Empirical Estimates for Environmental Policy Making in a Second-Best Setting
-
The Two-Part Instrument in a Second-Best World
By Don Fullerton and Ann Wolverton
-
Revisiting the Cost of Protectionism: The Role of Tax Distortions in the Labor Market