NDLI: Emission Trading Systems and the Optimal Technology Mix ∗

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Emission Trading Systems and the Optimal Technology Mix ∗

Content Provider	Semantic Scholar
Author	Zöttl, Gregor
Copyright Year	2011
Abstract	Cap and trade mechanisms enjoy increasing importance in environmental legislation worldwide. The most prominent example is given by the European Union Emission Trading System (EU ETS) designed to limit emissions of greenhouse gases, several other countries already have or are planning the introduction of such systems. One of the important aspects of designing cap and trade mechanisms is the possibility of competition authorities to grant emission permits for free. Free allocation of permits which is based on past output or past emissions can lead to inefficient production decisions of firms (compare for example Böhringer and Lange (2005), Rosendahl (2007), Mackenzie et al. (2008), Harstad and Eskeland (2010)). Current cap and trade systems often grant free allocations based on installed production facilities, however. Different technologies receive different levels of free allocations1, this has a direct impact on the technology mix chosen by firms. It is the purpose of the present article to study the impact of a cap and trade mechanism not only on firms’ output decisions but also on their investment incentives in different technologies and to analyze the optimal design of emission trading systems in such an environment.
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://epub.ub.uni-muenchen.de/12151/1/CO2_Zoettl_WP.pdf
Alternate Webpage(s)	http://idei.fr/sites/default/files/medias/doc/conf/eem/papers_2011/zoettl.pdf
Language	English
Access Restriction	Open
Subject Keyword	Algorithmic trading Emission - Male genitalia finding Enterprise test software European Union Gases License Optimal design
Content Type	Text
Resource Type	Article

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