| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Emission Trading Restrictions with Endogenous Technological Change | |
| Marzio Galeotti; Paolo Buonanno; Carlo Carraro; Efrem Castelnuovo | |
| 发表日期 | 2000 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | In this paper we use a simple climate model with endogenous environmental technical change in order to analyse the effects on equity and efficiency of different degrees of restrictions on trade in the market for pollution permits. The model is obtained by incorporating in Nordhaus and Yang (1996)'s RICE model the notion of induced technical change as proposed in Goulder and Mathai (1998). With the help of such model we aim at assessing the pros and cons of the introduction of ceilings on emission trading. In particular, we analyse the implications of restrictions on trading both in terms of their cost effectiveness and in terms of their distributional effects. The analysis takes into account the role of environmental technical change that could be enhanced by the presence of ceilings on trading. However, this effect is shown to be offset by the increased abatement cost induced by the larger than optimal adoption of domestic policy measures when ceilings are binding. Hence, our analysis provides little support in favour of quantitative restrictions on emission trading even when these restrictions actually have a positive impact on technical change. Even in terms of equity, ceilings find no justification within our theoretical and modelling framework. Indeed, we find that flexibility mechanisms in the presence of endogenous technical change increase equity and that the highest equity levels are achieved without ceilings, both in the short and in the long run. |
| 特色分类 | H0,H2,H3 |
| 关键词 | Climate policy,environmental modelling,integrated assessment,emission trading,technical change,ceilings |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/emission-trading-restrictions-with-endogenous-technological-change/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116536 |
| 推荐引用方式 GB/T 7714 | Marzio Galeotti,Paolo Buonanno,Carlo Carraro,et al. Emission Trading Restrictions with Endogenous Technological Change. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2000-043.pdf（411KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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