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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances

Dallas Burtraw, Karen Palmer, Ranjit Bharvirkar and Anthony Paul

Discussion Papers from Resources For the Future

Abstract: 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)
Date: 2002-03-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
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