haku: @indexterm credit trading / yhteensä: 24
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| Tekijä: | Boom, J.-T. Svendsen, G. T. |
| Otsikko: | The political economy of international emissions trading scheme choice: a theoretical analysis |
| Lehti: | Journal of Institutional and Theoretical Economics
2000 : DEC, VOL. 156:4, p. 548-566 |
| Asiasana: | POLITICAL ECONOMY TRADE POLITICS CREDIT TRADING GOVERNMENT |
| Kieli: | eng |
| Tiivistelmä: | The Kyoto Protocol allows emissions trading between the Annex B countries. The authors consider three scheme of emission trading: government trading, permit trading, and credit trading. The schemes are compared in a public choice setting focusing on group size and rent-seeking by interest groups. The authors find that industry will have most influence on government policy, with environmental organizations taking second place. The authors' conclusion is that most interest groups prefer a combination of government trading and credit trading even though permit trading is more efficient. Furthermore, some governments prefer government trading because it retains the possibility of hot air trading. |
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