Päästökauppajärjestelmien linkittämisen ilmastopoliittiset vaikutukset
[Linking emissions trading systems and climate policy]
This study analyses how linking emissions trading systems affects the economical aspects of climate policy at both national and international levels. The analysis focuses on cost-efficiency, distribution between participants, competitiveness and emissions targets. In addition we examine how linking affects the structure of emissions trading systems and decision-making. To analyse specific effects, we formulate a partial-equilibrium model to depict linking. With given assumptions, cost-efficiency of climate policy can be improved by linking local emissions trading systems and by switching from conventional credit-based systems to systems with “no lose” -targets, however the benefits are unevenly distributed between participants, inter alia, due to effects on competitiveness. Linking necessitates an international agreement on emissions levels between parties as linking changes the incentives to set an emissions target.
|Date of creation:||Apr 2009|
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- Robert Godby, 2002. "Market Power in Laboratory Emission Permit Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(3), pages 279-318, November.
- Rehdanz, Katrin & Tol, Richard S.J., 2005. "Unilateral regulation of bilateral trade in greenhouse gas emission permits," Ecological Economics, Elsevier, vol. 54(4), pages 397-416, September.
- Christoph Bohringer & Tim Hoffmann & Andreas Lange & Andreas Loschel & Ulf Moslener, 2005. "Assessing Emission Regulation in Europe: An Interactive Simulation Approach," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 1-22.
- Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 753-765.
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