Evaluating Emissions Trading Programs Using Computer Aided Market Simulations PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Evaluating Emissions Trading Programs Using Computer Aided Market Simulations PDF full book. Access full book title Evaluating Emissions Trading Programs Using Computer Aided Market Simulations by Ivan Alberto Thomann. Download full books in PDF and EPUB format.
Author: Ivan Alberto Thomann
Publisher:
ISBN:
Category :
Languages : en
Pages : 110
Get Book Here
Book Description
Author: Ivan Alberto Thomann
Publisher:
ISBN:
Category :
Languages : en
Pages : 110
Get Book Here
Book Description
Author: Tammy Marie Thompson
Publisher:
ISBN:
Category :
Languages : en
Pages : 272
Get Book Here
Book Description
In order to meet the US EPA's National Ambient Air Quality Standards as set under the provisions of the Clean Air Act, states and regions throughout the United States are designing cap and trade programs aimed at reducing the emissions of the two dominant precursors for ozone, nitrogen oxides (NOx) and Volatile Organic Compounds (VOCs). While emission cap and trade programs are becoming more common, relatively few analyses have examined the air quality implications of moving emissions from one location to another (due to trading of emissions between facilities), from one sector to another (due to the use of technologies such as Plug-in Electric Hybrid Vehicles - PHEVs), and changing the temporal distribution of emissions (through emissions trading among facilities with different temporal profiles). This thesis will examine, in detail, the air quality implications of two emission cap and trade programs. The first program is a NOx trading program that covers Electricity Generating Units (EGUs) in the Northeastern United States. Results show that refining the temporal limits on this cap and trade program, by charging facilities more to emit NOx on days when ozone is most likely to form, has the potential to significantly reduce NOx emissions and ozone concentrations. Additionally, this research also shows that, for this region, the spatial redistribution of NOx emissions due to trading leads to greater ozone reductions than similar amounts of NOx emission reductions applied evenly across all facilities. Analyses also indicate that displacing emissions from the on-road mobile sector (vehicles) to the EGU sector through the use of PHEVs decreases ozone in most areas, but some highly localized areas show increases in ozone concentration. The second trading program examined in this thesis is limited to Houston, Texas, where a VOC trading program is focused on a sub-set of four Highly Reactive Volatile Organic Compounds (HRVOCs), which have been identified as having substantial ozone formation potential. Work presented in this thesis examined whether this trading program, in its current form or in an expanded form, could lead to air pollution hot spots, due to spatial reallocation of emissions. Results show that the program as currently designed is unlikely to lead to ozone hot spots, so no further spatial limitations are required for this program. Expanding the trading to include Other VOCs, fugitive emissions and chlorine emissions, based on reactivity weighted trading, is also unlikely to lead to the formation of ozone hot spots, and could create more flexibility in a trading market that is currently not very active. Based on these air quality modeling results, policy suggestions are provided that may increase participation in the trading market. These case studies demonstrate that use of detailed air analyses can provide improved designs for increasingly popular emission cap and trade programs, with improved understanding of the impacts of modifying spatial and temporal distributions of emissions.
Author: Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 0387736530
Category : Business & Economics
Languages : en
Pages : 281
Get Book Here
Book Description
Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.
Author: Andrew Stocking
Publisher:
ISBN:
Category : Emissions trading
Languages : en
Pages : 26
Get Book Here
Book Description
"In response to concerns that the accumulation of greenhouse gases in the atmosphere could have serious and costly effects, the Congress has considered creating a nationwide cap-and-trade program that would limit emissions of those gases below the levels projected under current law and would allow trading of rights, or allowances, to produce those emissions. In creating markets for allowance trading, policymakers would face important questions about how best to ensure that any instability in those markets did not raise the cost of reducing emissions or spill over to the rest of the U.S. economy (as happened with instability in mortgage markets during the recent financial crisis). Some observers have proposed excluding certain participants or transactions from allowance markets. This study examines the likely impact of prohibiting allowance trading by entities not directly covered by a cap-and-trade program and of banning the use of allowance derivatives. The report also discusses some alternative restrictions on participation and transactions in allowance markets that could impose lower costs on covered entities while reducing the risk of instability in those markets and in the overall economy."--Publisher's website.
Author: Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 3642205925
Category : Business & Economics
Languages : en
Pages : 284
Get Book Here
Book Description
Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.
Author: Blas Luis Pérez Henríquez
Publisher: Routledge
ISBN: 113652178X
Category : Nature
Languages : en
Pages : 298
Get Book Here
Book Description
Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions trading systems (ETS) for environmental control. Blas Luis Pérez Henríquez analyzes past market-based environmental programs to extract lessons for the future of ETS. He follows the development of the emissions trading concept as it evolved in the United States and was later applied in the multinational European Emissions Trading System and in sub-national programs in the United States such as the Regional Greenhouse Gas Initiative (RGGI) and California’s ETS. This ex-post evaluation of an ETS as it evolves in real time in the real world provides a valuable supplement to what is already known from theoretical arguments and simulation studies about the advantages and disadvantages of the market strategy. Political cycles and political debate over the use of markets for environmental control make any form of climate policy extremely contentious. Pérez Henríquez argues that, despite ideological disagreements, the ETS approach, or, more popularly, 'cap-and-trade' policy design, remains the best hope for a cost-effective policy to reduce GHG emissions around the world.
Author: Stefano Clò
Publisher: Edward Elgar Publishing
ISBN: 0857934430
Category : Business & Economics
Languages : en
Pages : 201
Get Book Here
Book Description
'Emission markets are crucial both to provide the right incentives to reduce GHG emissions and to fund investments necessary for a transition to a low carbon world. Emission markets however cannot achieve these objectives if inappropriately designed. This book is a novel and fresh attempt to look at the real functioning of the EU Emission Trading Scheme and to assess its effectiveness and inconsistencies, its positive and negative impacts on industrial and financial markets. With the overall objective to improve its design and performance.' Carlo Carraro, University of Venice, Italy '. . . this important book has the great achievement of addressing a complicated and socially highly debated issue of how society could be given optimal incentives for emission reductions from a legal and economic perspective. Moreover, it not only addresses the various issues from a theoretical perspective, but provides important empirical evidence on the working of emissions trading as well. The book will undoubtedly have important lessons not only at the theoretical level, but also for policy makers interested in improving the effectiveness of emission trading schemes.' From the foreword by Michael Faure This unique and up-to-date book analyses the functioning of the European Emissions Trading Scheme (ETS) and assesses the extent to which relevant legislation has affected its capacity to promote cost-effective reduction of European carbon emissions. The author investigates whether inefficiency has been caused by both the ETS cap setting procedure and by the ETS relevant allocation rule, as defined by Directive 2003/87/EC. He then considers whether the new Directive 2009/29/EC, which reforms the ETS institutional design, is likely to improve the scheme's effectiveness by reducing the risk of carbon leakage which could potentially be a consequence of implementing a unilateral policy across the asymmetric political landscape of Europe. This well-documented book will appeal to researchers and postgraduate students in environmental law and environmental economics, as well as policymakers within environment, industry and economics, and electric and industrial operators and stakeholders. Environmental NGOs, energy and environmental consulting groups, members of the European Commission, and energy and environmental think-tanks will also find much to interest them in this insightful book.
Author: Thomas Tietenberg
Publisher: Routledge
ISBN: 1136526196
Category : Business & Economics
Languages : en
Pages : 249
Get Book Here
Book Description
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.
Author: Julien Chevallier
Publisher: Springer Science & Business Media
ISBN: 9400724128
Category : Business & Economics
Languages : en
Pages : 238
Get Book Here
Book Description
Through analysis of the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM), this book demonstrates how to use a variety of econometric techniques to analyze the evolving and expanding carbon markets sphere, techniques that can be extrapolated to the worldwide marketplace. It features stylized facts about carbon markets from an economics perspective, as well as covering key aspects of pricing strategies, risk and portfolio management.
Author: Thomas H. Tietenberg
Publisher: Routledge
ISBN: 113652620X
Category : Business & Economics
Languages : en
Pages : 249
Get Book Here
Book Description
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.
