Arbeitspapier
Sectoral and regional expansion of emissions trading
We consider an international emissions trading scheme with partial sectoral and regional coverage. Sectoral and regional expansion of the trading scheme is beneficial in aggregate, but not necessarily for individual countries. We simulate international CO2 emission quota markets using marginal abatement cost functions and the Copenhagen 2020 climate policy targets for selected countries that strategically allocate emissions in a bid to manipulate the quota price. Quota exporters and importers generally have conflicting interests about admitting more countries to the trading coalition, and our results indicate that some countries may lose substantially when the coalition expands in terms of new countries. For a given coalition, expanding sectoral coverage makes most countries better off, but some countries (notably the USA and Russia) may lose out due to loss of strategic advantages. In general, exporters tend to have stronger strategic power than importers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 654
- Klassifikation
-
Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Noncooperative Games
Renewable Resources and Conservation: Water
- Thema
-
Emissions Trading
Allocation of Quotas
Strategic Behavior
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Böhringer, Christoph
Dijkstra, Bouwe
Rosendahl, Knut Einar
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Böhringer, Christoph
- Dijkstra, Bouwe
- Rosendahl, Knut Einar
- Statistics Norway, Research Department
Entstanden
- 2011
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