Strategic aspects of CO2-emissions trading: Theoretical concepts and empirical findings

Energy and Environment

Volumn 14, Issue 5, 2003, Pages 579-598

  Ehrhart, Karl Martin ^a   Hoppe, Christian ^a   Schleich, Joachim ^b   Seifert, Stefan ^a  

^a UNIVERSITY OF KARLSRUHE   (Germany)

^b FRAUNHOFER INSTITUTE FOR SYSTEMS AND INNOVATION RESEARCH ISI   (Germany)

Author keywords

Banking; Capacity building; Carbon trading; Climate policy; Emission trading; Primary allocation

Indexed keywords

COMPUTER SIMULATION; COST BENEFIT ANALYSIS; DECISION MAKING; GREENHOUSE EFFECT; INTERNATIONAL TRADE;

TRADING SYSTEMS;

CARBON DIOXIDE;

BANKING; CAPACITY BUILDING; CARBON EMISSION; EMISSIONS TRADING; ENVIRONMENTAL ECONOMICS; EUROPEAN UNION; POWER GENERATION;

EURASIA; EUROPE;

EID: 0346885967     PISSN: 0958305X     EISSN: None     Source Type: Journal    
DOI: 10.1260/095830503322663366     Document Type: Article

References (29)

1. Baron, R. (2000): Emission Trading: A Real Time Simulation, International Energy Agency Information Paper for COP6, Paris, http://www.iea.org/envissu/cop6/emistr.pdf.
2. 2 and Electricity in the Baltic Sea Region, Report on the Simulation of the Baltic Sea Region Energy Co-operation BASREC, International Energy Agency, Paris.
3. 2-Zertifikate und dessen bundesdeutsche Implementierung, Master's Thesis, Tübingen University.
4. Carlson, C., Burtraw, D., Cropper, M. and Palmer, K.L. (2000): Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade? Journal of Political Economy 108, 1292-1326.
5. COM (2001): Proposal for a Directive of the European Parliament and of the Council Establishing a Framework for Greenhouse Gas Emissions Trading within the European Community and Amending Council Decision 96/61/EC, Brussels.
6. Cronshaw M.B. and Kruse, J.B. (1996): Regulated Firms in Pollution Permit Markets With Banking, Journal of Regulatory Economics 9, 179-189.
7. Dales, J.H. (1968): Pollution, Property and Prices, University of Toronto Press, Toronto.
8. 2 Emissions Trading, Paper presented at the 10th Symposium of the Egon-Sohmen-Foundation on "Climate Policy: US and European Views", October 25-26, 2002, Dresden, Germany.
9. Ellerman, A.D., Schmalensee R., Joskow, P.L., Montero J.P. and Baily, E. (2000): Markets for Clean Air: The US Acid Rain Program. Cambridge University Press, Cambridge, MA.
10. Energiestiftung Schleswig-Holstein (2002): Emissionshandel Nord: Nutzen für Wirtschaft und Umwelt, Kiel, http://www.emissionshandel-nord.de.
11. Eurelectric, International Energy Agency and ParisBourse (1999): Greenhouse Gas and Electricity Trading Simulation, Reference 1999-420-0013, Paris. http://www.iea.org/clim/cop5/pubs/report.pdf.
12. European Commission (2001): European Climate Change Programme, Long Report, Brussels.
13. European Council ENV 776 (2003): Common position adopted by the Council on 18 March 2003 with a view to the adoption of Directive of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC. http://europa.eu.int/comm/environment/climat/030318commonposition_en.pdf.
14. Fromm, O. and Hansjürgens, B. (1998): Zertifikate der "zweiten Generation" - Die amerikanischen Erfahrungen mit dem Acid Rain- und dem RECLAIM-Programm. In: Bonus, H. (Ed.): Umweltzertifikate - der steinige Weg zur Marktwirtschaft, Zeitschrift für angewandte Umweltforschung 9, 150-165.
15. Hahn, R.W. (1984): Market Power and Transferable Property Rights, Quarterly Journal of Economics 99, 753-765.
16. Kling, C. and Rubin, J. (1997): Bankable Permits for the Control of Environmental Pollution, Journal of Public Economics 64, 101-115.
17. Loewenstein, G. (1999): Experimental Economics from the Vantage-Point of Behavioural Economics, Economic Journal 109, 25-34.
18. 2-Emissionshandel, Energiewirtschaftliche Tagesfragen 51 (10), 630-633.
19. Montgomery, W.D. (1972): Markets in Licences and Efficient Pollution Control Programs, Journal of Economic Theory 5, 395-418.
20. Muller, R.A. (1999): Experimental Methods for Research into Trading of Greenhouse Gas Emissions, Working Paper, Department of Economics, McMaster University, Hamilton, Ontario, Canada.
21. Muller, R.A., and Mestelmann, S. (1998): What Have We Learned form Emissions Trading Experiments? Managerial and Decision Economics 19, 225-238.
22. Plott, C.A. (1982): Industrial Organization Theory and Experimental Economics, Journal of Economic Literature 20, 1485-1527.
23. Plott, C.A. (1989): An Updated Review of Industrial Organization: Applications of Experimental Methods, in Schmalensee, R. and Willig, R. D. (Eds.): Handbook of Industrial Organization, Vol. 2, Amsterdam, 1109-1176.
24. Prognos/ewi (1999): Die längerfristige Entwicklung der Energiemärkte im Zeichen von Wettbewerb und Umwelt, Untersuchung im Auftrag des Bundesministeriums für Wirtschaft und Technologie, Berlin.
25. Rubin, J.D. (1996): A Model of Intertemporal Emission Trading, Banking, and Borrowing, Journal of Environmental Economics and Management 31, 269-286.
26. Schleich, J., Betz, R., Wartmann, S., Ehrhart, K.-M., Hoppe, C. and Seifert, S. (2002): Simulation eines Emissionshandels für Treibhausgase in der baden-württembergischen Unternehmenspraxis (SET UP), Endbericht an das Ministerium, für Umwelt und Verkehr Baden-Württemberg, Karlsruhe, http://www.isi.fhg.de/u/planspiel/endber.pdf.
27. Sturm, B. and Weimann, J. (2001): Experimente in der Umweltökonomik, FEMM Working Paper No. 7/2001, University of Magedeburg, Version November 2001.
28. Tietenberg, T.H. (1998): Tradable Permits and the Control of Air Pollution - Lessons from the United States, in Bonus, H. (Ed.): Umweltzertifikate - der steinige Weg zur Marktwirtschaft, Zeitschrift für angewandte Umweltforschung, Berlin, Sonderheft 9, 11-31.
29. 2-Quotas, The Energy Journal 17, 85-103.