Emissions Trading
Principles and Practice
2nd Edition
Published on 15. March 2006
Book
Hardback
250 pages
978-1-933115-30-6 (ISBN)
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.
Reviews / Votes
'At its best in explaining both the complexities of emission trading program design and the intricacies of the economic theory underlying the tradable discharge permit system and its variations.'Journal of Policy Analysis and Management
More details
Edition
2nd edition
Language
English
Place of publication
Washington
United States
Publishing group
Taylor & Francis Inc
Target group
Professional and scholarly
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 18 mm
Weight
540 gr
ISBN-13
978-1-933115-30-6 (9781933115306)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
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09/2010
2nd Edition
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Routledge
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Book
03/2006
2nd Edition
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Person
T. H. Tietenberg is the Mitchell Family Professor of Economics at Colby College in Waterville, Maine and the author or editor of eleven books, including Environmental and Natural Resource Economics, one of the best-selling textbooks in the field. He has consulted on environmental policy with the World Bank, the Inter-American Development Bank, the Agency for International Development, and the U.S. Environmental Protection Agency, as well as several state and foreign governments.
Content
Figures and Tables
Preface
Abbreviations
Introduction
Describing the Evolution
The Evolution of Emissions Trading
The Evolution of Design Features
An Overview of the Book
The Conceptual Framework
The Regulatory Dilemma
The Cost-Effectiveness Framework
Cost-Effective Permit Markets
The Role of Transactions Costs
The Role of Administrative Costs
The Role of Technical Change
Summary
The Consequences of Emissions Trading
The Nature of the Evidence
Ex Ante Evaluations: The Evidence
Ex Post Evaluations: The Evidence
Summary
The Spatial Dimension
Difficulties in Implementing an Ambient Permit System
Possible Alternatives
Summary
The Temporal Dimension
Borrowing, Banking, and the Nature of the Environmental Target
Linking Emissions and Pollutant Concentrations
The Role of Banking and Borrowing
Strategies for Controlling Seasonal or Episodic Peaks
Summary
The Initial Allocation
Initial Allocation Approaches
Comparing the Allocation Approaches
Cost-Effectiveness Implications of the Initial Allocation
Summary
Market Power
Permit Price Manipulation: Conceptual Models
Leveraging Power Between Output and Permit Markets
Ex Ante Simulations
Results from Experimental Studies
Mechanisms for Controlling Market Power
Programmatic Design Features That Affect Market Power
Summary
Monitoring and Enforcement
The Nature of the Domestic Enforcement Process
The Nature of the International Enforcement Process
The Economics of Enforcement
Current Enforcement Practice
Summary
Lessons
Lessons About Program Effectiveness
Lessons About Instrument Choice and Program Design
Concluding Comments
References
Index
Preface
Abbreviations
Introduction
Describing the Evolution
The Evolution of Emissions Trading
The Evolution of Design Features
An Overview of the Book
The Conceptual Framework
The Regulatory Dilemma
The Cost-Effectiveness Framework
Cost-Effective Permit Markets
The Role of Transactions Costs
The Role of Administrative Costs
The Role of Technical Change
Summary
The Consequences of Emissions Trading
The Nature of the Evidence
Ex Ante Evaluations: The Evidence
Ex Post Evaluations: The Evidence
Summary
The Spatial Dimension
Difficulties in Implementing an Ambient Permit System
Possible Alternatives
Summary
The Temporal Dimension
Borrowing, Banking, and the Nature of the Environmental Target
Linking Emissions and Pollutant Concentrations
The Role of Banking and Borrowing
Strategies for Controlling Seasonal or Episodic Peaks
Summary
The Initial Allocation
Initial Allocation Approaches
Comparing the Allocation Approaches
Cost-Effectiveness Implications of the Initial Allocation
Summary
Market Power
Permit Price Manipulation: Conceptual Models
Leveraging Power Between Output and Permit Markets
Ex Ante Simulations
Results from Experimental Studies
Mechanisms for Controlling Market Power
Programmatic Design Features That Affect Market Power
Summary
Monitoring and Enforcement
The Nature of the Domestic Enforcement Process
The Nature of the International Enforcement Process
The Economics of Enforcement
Current Enforcement Practice
Summary
Lessons
Lessons About Program Effectiveness
Lessons About Instrument Choice and Program Design
Concluding Comments
References
Index