Price floors for emissions trading

被引：90

作者：

Wood, Peter John ^{[1
]}

Jotzo, Frank ^{[1
]}

机构：

[1] Australian Natl Univ, Crawford Sch Econ & Govt, Resource Management Asia Pacific Program, Canberra, ACT 0200, Australia

来源：

ENERGY POLICY | 2011年 / 39卷 / 03期

基金：

澳大利亚研究理事会;

关键词：

Price floor; Hybrid emissions pricing; Emissions trading; SCHEME; POLLUTION; MARKETS;

D O I：

10.1016/j.enpol.2011.01.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Price floors in greenhouse gas emissions trading schemes can guarantee minimum abatement efforts if prices are lower than expected, and they can help manage cost uncertainty, possibly as complements to price ceilings. Provisions for price floors are found in several recent legislative proposals for emissions trading. Implementation however has potential pitfalls. Possible mechanisms are government commitments to buy back permits, a reserve price at auction, or an extra fee or tax on acquittal of emissions permits. Our analysis of these alternatives shows that the fee approach has budgetary advantages and is more compatible with international permit trading than the alternatives. It can also be used to implement more general hybrid approaches to emissions pricing. (C) 2011 Elsevier Ltd. All rights reserved.

引用

页码：1746 / 1753

页数：8

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