| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| Terminating Links between Emission Trading Programs | |
| William A. Pizer; Andrew J. Yates | |
| 发表日期 | 2014-08-28 |
| 出版年 | 2014 |
| 页码 | DP 14-28 |
| 语种 | 英语 |
| 摘要 | Links between emission trading programs are not immutable, as highlighted by New Jersey's exit from the Regional Greenhouse Gas Initiative. This raises the question of what to do with existing permits that are banked for future use—choices that have consequences for market behavior in advance of, or upon speculation about, delinking. We consider two delinking policies. One differentiates banked permits by origin, the other treats banked permits the same. We describe the price behavior and relative cost-effectiveness of each policy. Treating permits differently generally leads to higher costs, and may lead to price divergence, even with only speculation about delinking. |
| 主题 | Climate Change ; Environmental Economics Topics |
| 子主题 | Cap and Trade |
| URL | http://www.rff.org/research/publications/terminating-links-between-emission-trading-programs |
| 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/41321 |
| 推荐引用方式 GB/T 7714 | William A. Pizer,Andrew J. Yates. Terminating Links between Emission Trading Programs. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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