Emissions Trading

Principles and Practice
2. Auflage 2006
ISBN: 978-1-933115-31-3
Verlag: Routledge

Buch, Englisch, 250 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 365 g

First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.

Autoren/Hrsg.

Tietenberg, Thomas

Fachgebiete

• Geowissenschaften Umweltwissenschaften Umwelttechnik
• Technische Wissenschaften Umwelttechnik | Umwelttechnologie Umwelttechnik
• Geowissenschaften Umweltwissenschaften Umweltverschmutzung, Umweltkriminalität, Umweltrecht

Inhaltsverzeichnis

Figures and Tables

Preface

Abbreviations

Introduction

Describing the Evolution

The Evolution of Emissions Trading
The Evolution of Design Features

An Overview of the Book

The Conceptual Framework

The Regulatory Dilemma

The Cost-Effectiveness Framework

Cost-Effective Permit Markets
The Role of Transactions Costs
The Role of Administrative Costs
The Role of Technical Change
Summary

The Consequences of Emissions Trading

The Nature of the Evidence
Ex Ante Evaluations: The Evidence

Ex Post Evaluations: The Evidence

Summary

The Spatial Dimension

Difficulties in Implementing an Ambient Permit System

Possible Alternatives

Summary

The Temporal Dimension

Borrowing, Banking, and the Nature of the Environmental Target

Linking Emissions and Pollutant Concentrations

The Role of Banking and Borrowing

Strategies for Controlling Seasonal or Episodic Peaks

Summary

The Initial Allocation

Initial Allocation Approaches

Comparing the Allocation Approaches

Cost-Effectiveness Implications of the Initial Allocation

Summary

Market Power

Permit Price Manipulation: Conceptual Models
Leveraging Power Between Output and Permit Markets

Ex Ante Simulations
Results from Experimental Studies
Mechanisms for Controlling Market Power
Programmatic Design Features That Affect Market Power

Summary

Monitoring and Enforcement

The Nature of the Domestic Enforcement Process
The Nature of the International Enforcement Process
The Economics of Enforcement
Current Enforcement Practice

Summary

Lessons

Lessons About Program Effectiveness

Lessons About Instrument Choice and Program Design
Concluding Comments

References
Index

Über Autor(innen)

T. H. Tietenberg is the Mitchell Family Professor of Economics at Colby College in Waterville, Maine and the author or editor of eleven books, including Environmental and Natural Resource Economics, one of the best-selling textbooks in the field. He has consulted on environmental policy with the World Bank, the Inter-American Development Bank, the Agency for International Development, and the U.S. Environmental Protection Agency, as well as several state and foreign governments.