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Aspects Regarding The Profitability Of The Negotiable Pollution Permits (Ii)

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  • Piciu, Gabriela Cornelia

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

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    Abstract

    After 2000, the problems regarding the trading of the emissions quotas was only recently of interest for study and research because of the adverse effects which environmental pollution has on the humans, economy, society and nature. Recently, the bulk of environmental protection specialists tried to find an answer to the question: “why did the emissions quota trading became a key component in the reform of the environmental policy”? In order to answer this question, and to provide a consistent basis for the successful evaluation of the environmental reforms, we need to define some notions regarding the optimal allocations of the responsibility checking. The underlying theory of cost profitability – the main basis for the current regulations – is developed and used as one of the main ways to measure and evaluate the existing systems.

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    File URL: ftp://www.ipe.ro/RePEc/vls/vls_pdf/vol16i2p164-173.pdf
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    Bibliographic Info

    Article provided by Centre of Financial and Monetary Research "Victor Slavescu" in its journal Studii Financiare (Financial Studies).

    Volume (Year): 16 (2012)
    Issue (Month): 2 ()
    Pages: 164-173

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    Handle: RePEc:vls:finstu:v:16:y:2012:i:2:p:164-173

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    Related research

    Keywords: emissions quotas; profitability; internalization of the externalities;

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    1. Cason, Timothy N. & Gangadharan, Lata & Duke, Charlotte, 2003. "A laboratory study of auctions for reducing non-point source pollution," Journal of Environmental Economics and Management, Elsevier, vol. 46(3), pages 446-471, November.
    2. M. Qizilbash, 2001. "Sustainable Development: Concepts and Rankings," Journal of Development Studies, Taylor & Francis Journals, vol. 37(3), pages 134-161.
    3. Andrew Muller, R. & Mestelman, Stuart & Spraggon, John & Godby, Rob, 2002. "Can Double Auctions Control Monopoly and Monopsony Power in Emissions Trading Markets?," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 70-92, July.
    4. Bohm, Peter & Carlen, Bjorn, 1999. "Emission quota trade among the few: laboratory evidence of joint implementation among committed countries," Resource and Energy Economics, Elsevier, vol. 21(1), pages 43-66, January.
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