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Emissions rights trading

Law 13/2010, amending Law 1/2005, which regulates the emission rights trading regime. BOE 163, 5 July 2010. [Pg.110]

The Net income (Ne/ ) due to emissions trading is calculated by Eq. (6.8). Here, Cosf°2 and Price °2 represent the emission right cost and price respectively. [Pg.140]

In the economic formulation it is considered that CO2 emissions credits are bought at the end of each year in order to cope with CO2 emissions that exceed the maximum allowed considered using the BAT. The trading cost and price of emission rights is considered as US 23 which is a proxy of the values currently found in the trading market. [Pg.151]

Many economists have therefore become disappointed in the effectiveness of traditional regulatory solutions to environmental problems. They look to market incentives such as those provided by private property rights, and market-like mechanism, where polluters must brd for or trade for the right to release potentially harmful emissions, as policy alternatives. [Pg.474]

A tradable permit system is defined as quantity-based environmental policy instrument. The regulatory authority stipulates the allowable total amount of emissions (cap) and the right to emit becomes a tradable commodity. Under a cap-and-trade system, prices are allowed to fluctuate according to market forces. Thus, the price of emissions is established indirectly. Permits could be allocated to firms through auction or free allocation. [Pg.30]

Would initial exposure or emissions property rights determine resulting trade patterns No one knows the answer, particularly since we have so little experience in trading those types of rights. I believe that most people are more rational than the critics believe, even in health matters. [Pg.51]

A mandatory cap on carbon emissions, for example, could be enforced by a requirement that suppliers and users of fossil fuels hold tradable rights for each ton of carbon they produced—the so-called cap and trade approach. This would have the effect of placing a price on carbon emissions that would eventually be included in the price of all goods and services. Environmentally benign technologies, like those based on hydrogen, would... [Pg.13]

Why have cap-and-trade policies flourished in comparison to pollution taxes in the United States Perhaps most obviously, a system in which discharge permits are issued, but made saleable, looks rather like the regulatory system currently in place in the United States, with the added twist of marketability. Another reason has to do with the uncertainty each system creates. Specifically, under a cap-and-trade system, the total amount of pollution is firmly fixed-that is the purpose of the cap. What is uncertain are exactly where the emissions will occur (this depends upon who trades with whom), and how much an emissions permit (the right to emit one ton in a given year, say) will cost —the latter is determined in a competitive market. [Pg.229]

EUerman, D.A., Buchner, B.K., Carraro, C., 2007, Unifyingthemes, in D.A. EUerman, B.K. Buchner, C. Canaro (eds). Allocation in the European Emissions Trading Scheme Rights, Rents and Fairness, Cambridge University Press, Cambridge, UK, 339-369. [Pg.35]


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See also in sourсe #XX -- [ Pg.50 ]




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