Is International Emissions Trading Always Beneficial?
نویسندگان
چکیده
منابع مشابه
Is International Emissions Trading Always Beneficial?
Economic efficiency is a major argument for international emissions trading under the Kyoto Protocol. We show that permit trading can be welfare decreasing for countries, even though private trading parties benefit. The result is a case of "immiserizing" growth in the sense of Bhagwati where the negative terms of trade and tax interaction effects wipe out the gains from trading. Simulation and ...
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a r t i c l e i n f o The European Carbon Emissions Trading Scheme introduced in 2005 has led to both spot and futures market trading of carbon emissions. However, despite seven years of trading, we have no knowledge on how profitable carbon emissions trading is. In this paper, we first test whether carbon forward returns predict carbon spot returns. We find strong evidence on both in-sample an...
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Simultaneity between commitment periods (2008-2012) of International Emissions Trading (IET) scheme and EUropean Emissions Trading Scheme (EU-ETS) is likely to generate distortions in terms of burden’s distribution among sectors. There will be two levels of trading : a country and an entity level, which both need to be consistent with each other. Besides, features of these two “cap and trade" e...
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ژورنال
عنوان ژورنال: The Energy Journal
سال: 2004
ISSN: 0195-6574
DOI: 10.5547/issn0195-6574-ej-vol25-no2-2