全球智库信息集成服务系统(G2TT): Companion Policies under Capped Systems and Implications for Efficiency—The North American Experience and Lessons in the EU Context

G2TT

来源类型	Report
规范类型	报告
	Companion Policies under Capped Systems and Implications for Efficiency—The North American Experience and Lessons in the EU Context
	Dallas Burtraw; Amelia Keyes; Lars Zetterberg
发表日期	2018-06-01
出版年	2018
页码	25 pp.
语种	英语
概述	This paper reviews the interaction of cap and trade with other (companion) air quality and sectoral policies and discusses mechanisms that address inefficiencies, with lessons for the EU.
结论	Air quality regulations, renewable subsidies and other policies help achieve long-run climate goals. As companions to cap and trade, these policies create a waterbed effect, pushing down emissions in one location but leaving overall emissions unchanged. The North American cap-and-trade programs reduce the waterbed effect with a minimum allowance auction price, which restricts the supply of allowances when the price is low. The EU cap-and-trade program reduces the waterbed effect with the Market Stability Reserve, which cancels allowances based on the number of surplus allowances in circulation. Under the MSR, companion policies in the EU will have a greater effect on overall emissions in the next decade the sooner they are implemented.
主题	Climate Change
子主题	Cap and Trade
URL	http://www.rff.org/research/publications/companion-policies-under-capped-systems-and-implications-efficiency-north
来源智库	Resources for the Future (United States)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/39507
推荐引用方式 GB/T 7714	Dallas Burtraw,Amelia Keyes,Lars Zetterberg. Companion Policies under Capped Systems and Implications for Efficiency—The North American Experience and Lessons in the EU Context. 2018.