Managing Allowance Prices In A Cap And Trade Program
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| Author | : Terry Dinan |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2010 |
| Genre | : Air quality management |
| ISBN | : |
Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices--Preface.
| Author | : |
| Publisher | : DIANE Publishing |
| Total Pages | : 32 |
| Release | : |
| Genre | : |
| ISBN | : 1437942555 |
| Author | : Canada. Environment Canada |
| Publisher | : Canadian Government Publishing |
| Total Pages | : 80 |
| Release | : 2005 |
| Genre | : Business & Economics |
| ISBN | : |
"This guidebook is intended as a reference for policymakers and regulators considering cap and trade as a policy tool to control pollution. It is intended to be sufficiently generic to apply to various pollutants and environmental concerns; however, it emphasizes cap and trade to control emissions produced from stationary source combustion."--Page 1-1, Introduction.
| Author | : A. Denny Ellerman |
| Publisher | : Cambridge University Press |
| Total Pages | : 388 |
| Release | : 2000-06-19 |
| Genre | : Business & Economics |
| ISBN | : 0521660831 |
The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.
| Author | : Terry Dinan |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2010 |
| Genre | : Air quality management |
| ISBN | : |
"Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. (Other options include taxes on emissions and regulatory standards to reduce emissions, or a combination of the various approaches.) A cap-and-trade program would establish increasingly stringent annual limits on greenhouse gas emissions over the course of several decades. The government would distribute rights to emit such gases (allowances) by either selling them, possibly in an auction, or giving them away. Firms would be allowed to trade the allowances after they had been distributed and to shift them over time to some degree by 'banking' unused allowances for future use or by 'borrowing' allowances allocated to future years. The price of allowances would rise to the level necessary to ensure that the limit on cumulative emissions over the life of the policy (implied by the annual caps) was met. That price level would depend crucially on a variety of factors, including the growth of the economy and the development of new technologies to reduce emissions. Because policymakers cannot know in advance how high or low prices will be in any given year, they might consider adding features to the design of a cap-and-trade program that would limit the range of potential allowance prices. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices. In keeping with CBO's mandate to provide objective, impartial analysis, the report contains no recommendations." --Preface.
| Author | : Peter Cramton |
| Publisher | : MIT Press |
| Total Pages | : 270 |
| Release | : 2017-06-16 |
| Genre | : Business & Economics |
| ISBN | : 0262340399 |
Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman
| Author | : |
| Publisher | : World Business Pub. |
| Total Pages | : 0 |
| Release | : 2004 |
| Genre | : Business enterprises |
| ISBN | : 9781569735688 |
The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
| Author | : Danny Cullenward |
| Publisher | : John Wiley & Sons |
| Total Pages | : 256 |
| Release | : 2020-10-07 |
| Genre | : Political Science |
| ISBN | : 1509544941 |
For decades, the world’s governments have struggled to move from talk to action on climate. Many now hope that growing public concern will lead to greater policy ambition, but the most widely promoted strategy to address the climate crisis – the use of market-based programs – hasn’t been working and isn’t ready to scale. Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets’ problems are structural and won’t disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy – government-led strategies – to catalyze the transformation that markets promise, but rarely deliver.
| Author | : Mike Taylor |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 108 |
| Release | : 2018-09-14 |
| Genre | : |
| ISBN | : 9781726032988 |
Reduce Carbon Compliance CostsStrategies for California and Quebec facilities to reduce their compliance cost in the Carbon Cap and Trade Program. I have been tracking, trading, brokering and consulting in the environmental credit markets almost two decades in the United States and Canada. The California and Quebec carbon cap and trade program is by far the most complex system that exists for an environmental credit trading program. The target audience for this book is the environmental professionals or the procurement professionals who are managing the carbon cap and trade compliance for their facilities in California and Quebec. I am writing this book to provide a good overview of the program as well as to share some of the cost-cutting compliance strategies I have developed and deploy with my clients. From 2013 onwards, the Carbon Cap and Trade has added millions of dollars of cost to the many facilities located in California and Quebec that emit more than 25,000 tons of CO2e per year. The rules are complex and change almost yearly. Environmental professionals at these facilities already had a full-time job complying with all the other existing environmental regulations for their facilities before these carbon cap and trade programs were thrust upon them. Now they must also deal with coming to understand more than 400 pages of regulation in California and 117 pages in Quebec. This is a daunting task, to say the least. It is extremely difficult for an environmental professional to become an expert on all existing regulations, keep track of and analyze future potential regulation changes, track the trading market, become an expert on all the trading structures available in the evolving market, recommend the best trading strategies, and then execute the trades. This book will assist the environmental professionals and procurement professionals by providing an overview of the key elements of the carbon cap and trade regulations. In these pages you will find real-life trading strategies that will reduce the cost of compliance and, depending on the size of your facility, the savings could shave millions of dollars off your compliance costs which adds directly to the bottom line of the company's profitability.
| Author | : Leonardo Martinez-Diaz |
| Publisher | : U.S. Commodity Futures Trading Commission |
| Total Pages | : 196 |
| Release | : 2020-09-09 |
| Genre | : Science |
| ISBN | : 057874841X |
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
