An Experimental Economic Analysis of Carbon Trading Options for Australia

John Tisdell and Corinne Grainger

No 96661, 2008 Conference, August 28-29, 2008, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: Australia is currently developing a carbon emissions trading program. The Garnaut report recommendations include options for emissions trajectories, coverage, permit allocation, inter-temporality, governance and compliance. This paper reports the results of a series of economic experiments in which we explored spot and future markets given high and low levels of carbon credit reductions. The results provide important insights to the current debate in Australia and highlight the importance of well crafted market design.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 19
Date: 2008-08
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Working Paper: An Experimental Economic Analysis of Carbon Trading Options for Australia (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar08:96661

DOI: 10.22004/ag.econ.96661

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