The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances
Ranjit Bharvirkar and
Discussion Papers from Resources For the Future
Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.
Keywords: carbon dioxide; emission allowance trading; allocation; electricity; restructuring; air pollution; auction; grandfathering; generation performance standard; outputbased allocation; cost-effectiveness (search for similar items in EconPapers)
JEL-codes: Q2 Q25 Q4 L94 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
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Journal Article: The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances (2002)
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