NDLI: Intertemporal Emissions Permits Trading Under Uncertainty and Irreversibility

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Intertemporal Emissions Permits Trading Under Uncertainty and Irreversibility

Content Provider	Semantic Scholar
Author	Pommeret, Aude Schubert, Katheline
Copyright Year	2012
Abstract	The ultimate goal of climate policy is to stabilize greenhouse gas concentrations at a level that is sustainable in the Brundtland 1987 sense. However, the determination of this level is di¢ cult due to uncertainties in geophysical and ecological sciences, in the costs of decarbonizing economies (Heal and Kriström, 2002) as well as in policy acceptability. These uncertainties about mid-century CO2 emissions target are likely to a¤ect rmscurrent abatement as well as their current technological choices. This should be even more accurate especially when recognizing the irreversible nature of such technological choices: a utility company will nd it costly to get rid of (and get the cost back) a scrubber it has installed if emissions standards happen to be less stringent than expected. Another important characteristics of emission trading market may complexify further the picture: the CO2 cap-and-trade emission permit system allows permits to be traded across compliance periods. This paper provides a comprehensive treatment of intertemporal emission trading under future standards uncertainty and technological irreversibility.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://crem.univ-rennes1.fr/Documents/Docs_sem_eco_appliquee/2012-2013/12-12-06_Pommeret.pdf
Language	English
Access Restriction	Open
Subject Keyword	Carbon Dioxide Choice Behavior Emission - Male genitalia finding License Science Technological singularity Utility standards characteristics
Content Type	Text
Resource Type	Article

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