Liquidity implications of a commitment period reserve at national and global levels

Energy Economics

Volumn 26, Issue 5, 2004, Pages 845-868

  Haites, Erik ^a   Missfeldt, Fanny ^b  

^a Margaree Consultants Inc   (Canada)

^b WORLD BANK   (United States)

Author keywords

Commitment period reserve; Greenhouse gas trading; Liquidity

Indexed keywords

GREENHOUSE EFFECT; INDUSTRIAL ECONOMICS; REGULATORY COMPLIANCE;

LIQUIDITY IMPLICATIONS; PROTOCOL COMMITMENTS;

INDUSTRIAL EMISSIONS;

ECONOMIC INSTRUMENT; EMISSION CONTROL; EMISSIONS TRADING; KYOTO PROTOCOL; QUOTA SYSTEM;

EID: 4544275824     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2004.04.017     Document Type: Article

References (32)

1. Babiker M.H. Jacoby H.D. Reilly J.M. Reiner D.M. The evolution of a climate regime: Kyoto to Marrakech and beyond Environmental Science and Policy 5 2002 195-206
2. Böhringer C. Vogt C. Economic and environmental impacts of the Kyoto protocol Canadian Journal of Economics 36 2 2003 475-494 (May)
3. Buchner B. Carraro C. Cersosimo I. Economic consequences of the US withdrawal from the Kyoto/Bonn protocol Climate Policy 2002 273-292 (December)
4. Chayes A. Chayes A. The new sovereignty: compliance with international regulatory agreements 1998 Harvard Univ. Press Cambridge, MA
5. Dudek D.J. Wiener J.B. Joint implementation, transactions costs, and climate change Organization for Economic Cooperation and Development, Paris 1996
6. Ellerman A.D. Joskow P.L. Schmalensee R. Montero J.P. Bailey E.M. Markets for Clean Air: The U.S. Acid Rain Program 2000 Cambridge Univ. Press Cambridge, UK
7. Haites E. Missfeldt F. Liability rules for international trading of greenhouse gas emissions quotas Climate Policy 1 1 2001 85-108 (January)
8. Haites, E., Missfeldt, F., 2002. Limiting Overselling in International Emissions Trading I: Analysis of a Commitment Period Reserve at National and Global Levels, Working Paper 11, UNEP Collaborating Centre on Energy and the Environment and EPRI, Risø National Laboratory, Roskilde, Denmark, August
9. Hillman, R., Marsh, I.W., Salmon, M., 2001. Liquidity in a Limit Order Book Foreign Exchange Trading System, mimeo
10. 2 Emissions from Fuel Combustion, IEA and OECD, Paris
11. McCain, J., Lieberman, J., 2003. Senate Bill 139, Climate Stewardship Act of 2003. United States Senate, Washington, DC, January 9
12. Missfeldt F. Haites E. The potential contribution of sinks to meeting Kyoto protocol commitments Environmental Science and Policy 4 2001 269-292
13. Missfeldt F. Haites E. Analysis of a commitment period reserve at national and global levels Climate Policy 2 1 2002 51-70 (January)
14. Moe A. Tangen K. The Kyoto mechanisms and Russian climate politics 2000 The Royal Institute of International Affairs London
15. Mullins, F., 1997. Lessons from existing trading systems for international GHG emission trading, information paper, Annex I Expert Group on the UN FCCC, Organisation for Economic Co-operation and Development, Paris
16. Oberthür S. Production and Consumption of Ozone-depleting Substances 1989-1997 1999 GTZ (German Agency for Technical Cooperation) Eschborn, Germany
17. South Coast Air Quality Management District, 1993. RECLAIM: Program Summary, South Coast Air Quality Management District, Diamond Bar, California
18. South Coast Air Quality Management District, 1996. First Annual RECLAIM Program Audit Report, South Coast Air Quality Management District, Diamond Bar, California
19. South Coast Air Quality Management District, 1997. Second Annual RECLAIM Program Audit Report, South Coast Air Quality Management District, Diamond Bar, California
20. South Coast Air Quality Management District, 1998. RECLAIM Program Three-Year Audit and Progress Report, South Coast Air Quality Management District, Diamond Bar, California, May
21. South Coast Air Quality Management District, 2000-2003, Annual RECLAIM Audit Report for the [1998, 1999, 2000, 2001] Compliance Year, South Coast Air Quality Management District, Diamond Bar, California
22. Swift B. How environmental laws work: an analysis of the utility sector's response to regulation of nitrogen oxides and sulfur dioxide under the clean air act Tulane Environmental Law Journal 14 2 2001 309-425
23. 2 (1980-2010) in the ECE Region, UNECE, Geneva
24. United Nations Framework Convention on Climate Change Secretariat (UNFCCC), 2000. Work Programme on Mechanisms (Decisions 7/CP.4 And 14/CP.5), Article 17 Of The Kyoto Protocol, Note by the President, FCCC/CP/2000/CRP.3, Bonn, 25 November 2000
25. United Nations Framework Convention on Climate Change (UNFCCC) The Marrakesh Accords, Report of the Conference of the Parties on Its Seventh Session, Held at Marrakesh from 29 October to 10 November 2001; Part One: Proceedings and Part Two Action Taken by the Conference of the Parties, volumes I through IV, Climate Change Secretariat, FCCC/CP/2001/13, Bonn, January 2002
26. U.S. Department of Justice and the Federal Trade Commission (US DOJ) Horizontal Merger Guidelines 1997 Department of Justice Washington, DC Available http://www.usdoj.gov
27. U.S. Environmental Protection Agency Compliance Report, Acid Rain Program 1997-2002 EPA Washington, DC
28. U.S. Environmental Protection Agency OTC NOx Budget Program Compliance Report 2000-2002 EPA Washington, DC
29. van Vuuren D.P. den Elzen M.G.J. Berk M.M. de Moor A.P.G. An evaluation of the level of ambition and implications of the Bush climate change initiative Climate Policy 2002 293-301 (December)
30. Victor D.G. Nebojsa N. Victor N. The Kyoto protocol emission allocations: windfall surpluses for Russia and Ukraine Climatic Change 49 3 2001 263-277 (May)
31. Weiner R.J. Energy futures markets - myths and realities The IAEE Newsletter 1999 4-9 The Energy Economics Education Foundation Cleveland, Ohio Fourth Quarter, available at: http://www.iaee.org
32. Zhang Z. Estimating the Size of the Potential Market for All Three Flexibility Mechanisms Under the Kyoto Protocol 1999 University of Groningen Groningen, The Netherlands