UNSPECIFIED (2001) Allocation of carbon permits within a country: a general equilibrium analysis of the United Kingdom. ENERGY ECONOMICS, 23 (4). pp. 371-386. ISSN 0140-9883

Full text not available from this repository.

Abstract

The Kyoto agreement includes international trade in carbon permits from 2008. We have used a CGE model to evaluate methods of allocating permits within the UK. Auctioning is broadly similar to a carbon tax, with revenues recycled to reduce other distortions. 'Grandfathering' some permits free to large firms would mean a loss of recycling and, possibly, give windfall profits to foreigners. Alternatively, regularly revised allocation, using 'best practice' estimates, would be similar to recycling revenue as an output subsidy. Such a system could allow much of the potential 'double dividend' to be realised, though an auction system might still be preferable. (C) 2001 Elsevier Science B.V. All rights reserved.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	ENERGY ECONOMICS
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0140-9883
Date:	July 2001
Volume:	23
Number:	4
Number of Pages:	16
Page Range:	pp. 371-386
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/12019

Data sourced from Thomson Reuters' Web of Knowledge

Request changes to a record

Actions (login required)

View Item