Author : Brendan Kretzschmar
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Book Synopsis Design, Performance, and Interstate Collaboration by : Brendan Kretzschmar
Download or read book Design, Performance, and Interstate Collaboration written by Brendan Kretzschmar and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given pressure to act on climate change, nations have started using market-based approaches for reducing greenhouse gas (GHG) emissions. Cap and trade systems for reducing GHG are strongly debated. Policy designers must allocate emissions allowances effectively to ensure successful cap and trade systems; for example, some argue that the European Union's Emissions Trading Scheme has underperformed due to poor allowance distribution. We apply insights from auction design theory to analyze the performance of the Regional Greenhouse Gas Initiative (RGGI) emissions allowance auctions, and show how RGGI could serve as a model for a national cap and trade system for the United States.