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Environmental crises' regulations, tradable permits and the adoption of new technologies

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  • Coria, Jessica

Abstract

There are many situations where environmental authorities use a mix of environmental policy instruments, rather than one single instrument, to address environmental concerns. For example, one instrument may be used to reduce overall emissions of a pollutant while another is used to address environmental crises that arise when meteorological conditions affect the capability of the environment to assimilate pollution. This paper looks at the effects of the interaction of a tradable permits scheme with environmental crises' regulations on the rate of adoption of advanced abatement technologies.

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Bibliographic Info

Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 33 (2011)
Issue (Month): 3 (September)
Pages: 455-476

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Handle: RePEc:eee:resene:v:33:y:2011:i:3:p:455-476

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Web page: http://www.elsevier.com/locate/inca/505569

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Keywords: Technology adoption Environmental policy Tradable permits Emission standards Environmental crises Interaction of policies;

References

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  1. Charles Howe, 1994. "Taxesversus tradable discharge permits: A review in the light of the U.S. and European experience," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(2), pages 151-169, April.
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  6. Requate, Till & Unold, Wolfram, 2003. "Environmental policy incentives to adopt advanced abatement technology:: Will the true ranking please stand up?," European Economic Review, Elsevier, vol. 47(1), pages 125-146, February.
  7. Lori Bennear & Robert Stavins, 2007. "Second-best theory and the use of multiple policy instruments," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(1), pages 111-129, May.
  8. Coria, Jessica, 2009. "Taxes, permits, and the diffusion of a new technology," Resource and Energy Economics, Elsevier, vol. 31(4), pages 249-271, November.
  9. Montero, Juan-Pablo, 2002. "Permits, Standards, and Technology Innovation," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 23-44, July.
  10. Juan-Pablo Montero, 2002. "Market Structure and Environmental Innovation," Documentos de Trabajo 215, Instituto de Economia. Pontificia Universidad Católica de Chile..
  11. Parry, Ian W H, 1998. "Pollution Regulation and the Efficiency Gains from Technological Innovation," Journal of Regulatory Economics, Springer, vol. 14(3), pages 229-54, November.
  12. Vijay S. Bawa, 1975. "On Optimal Pollution Control Policies," Management Science, INFORMS, vol. 21(12), pages 1397-1404, August.
  13. Steven Sorrell, 2003. "Carbon Trading in the Policy Mix," Oxford Review of Economic Policy, Oxford University Press, vol. 19(3), pages 420-437.
  14. Charles W. Howe & Dwight R. Lee, 1983. "Priority Pollution Rights: Adapting Pollution Control to a Variable Environment," Land Economics, University of Wisconsin Press, vol. 59(2), pages 141-149.
  15. Till Requate & Wolfram Uunold, 2001. "On the Incentives Created by Policy Instruments to Adopt Advanced Abatement Technology if Firms are Asymmetric," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 157(4), pages 536-, December.
  16. Coria, Jessica, 2009. "Environmental policy, fuel prices and the switching to natural gas in Santiago, Chile," Ecological Economics, Elsevier, vol. 68(11), pages 2877-2884, September.
  17. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249, April.
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Cited by:
  1. Jessica Coria & Magnus Hennlock, 2012. "Taxes, permits and costly policy response to technological change," Environmental Economics and Policy Studies, Society for Environmental Economics and Policy Studies - SEEPS, vol. 14(1), pages 35-60, January.

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