Tag Archives: Cap-and-trade
Where Has “When” Flexibility Gone?: The Role of Temporal Flexibility in Achieving Greenhouse Gas Abatement Goals
Participants in a “cap and trade” scheme may have the ability to bank emissions permits for future use. This paper investigates how banking may effect emissions outcomes and costs under an economy-wide cap-and-trade policy.
There is consensus among economists that cap and trade can reduce society’s overall costs of CO2 emissions reductions by replacing expensive reductions in one region with cheaper options in another. This research indicates that in the power industry, interactions between emissions permit trading and electricity markets can result in an uneven distribution of costs and […]