Is there a more effective way to reduce carbon emissions?

Lynette Molyneaux, John Foster () and Liam Wagner

No 4, Energy Economics and Management Group Working Papers from School of Economics, University of Queensland, Australia

Abstract: Whilst emissions trading systems are widely held to be able to deliver lowest-cost abatement, uncertainty reduces their effectiveness. We consider a new scheme, the Tender-Price Allocation Mechanism, which focuses carbon factor cost expenditure on abatement rather than just revenue transfers. It is a scheme that reduces uncertainty and the costs of uncertainty for both firms and regulators. It also incorporates a suite of incentives that compensates for the externalities associated with abatement investment.

Date: 2010
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (3)

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