haku: @indexterm ALLOCATION / yhteensä: 247
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| Tekijä: | Jensen, J. Rasmussen, T. |
| Otsikko: | Allocation of Co2 emissions permits: a general equilibrium analysis of policy instruments |
| Lehti: | Journal of Environmental Economics and Management
2000 : SEP, VOL. 40:2, p. 111-136 |
| Asiasana: | ALLOCATION EQUILIBRIUM ANALYSIS POLICY |
| Kieli: | eng |
| Tiivistelmä: | What are the effects of different ways of allocating CO2 emissions permits under a tradeable permit scheme? Numerical simulations show that using the permit revenue to lower existing taxes implies by far the lowest welfare cost but also a large reduction in employment in energy-intensive sectors and substantial stranded costs. Grandfathering the permits compensates owners for losses on stranded investments but comes at a welfare cost and does not mitigate the adjustment imposed on the economy. |
SCIMA