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allocation

On Fullerton and Karney's "evaluation" of the Waxman permit allocation

December 30, 2009 by John Whitehead
with 183 views
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Guest post from Jim Roumasset: The editors of The Economists' Voice claim that Fullerton and Karney give the Waxman-Markey bill "minimally passing marks," though you won't find that in the actual article. F-K's figure 1 shows that 30% of permits under Waxman-Markey would be initially auctioned off, with the percentage falling to an... [read more]

Good politics, bad economics

November 17, 2009 by Tim Haab
with 132 views
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From Reuters: In the latest obstacle to proposed U.S. climate legislation, key lawmakers on Thursday urged Senate Democrats to change distribution plans for carbon permits to offer more protection for coal-dependent utilities. Isn't the point of all of this to make coal dependent utilities uncomfortable?  Read on... The... [read more]

Kerry-Boxer Climate Bill Allowance Allocation Breakdown

October 26, 2009 by Jesse Jenkins
with 256 views
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Originally at the Breakthrough InstituteLate Friday night, Senator Barbara Boxer's Environment and Public Works Committee released a new draft of the Kerry-Boxer "Clean Energy Jobs and American Power Act" (S.1733), the first version of the legislation to detail how emissions allowances created by the bill will be divvied up. These... [read more]

Confusion in the Senate Regarding Allowance Allocation

October 22, 2009 by Robert Stavins
with 148 views
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According to an October 22nd  story in Environment & Energy Daily (“Climate:  GOP Fence Sitters Voice Concerns Over Allocations” by Darren Samuelson), several key swing-vote Senate Republicans — including Senator Lisa Murkowski, ranking member of the Energy and Natural Resources Committee — are voicing skepticism about the... [read more]

Should Emissions be Allocated Per Capita?

October 11, 2009 by Michael Tobis
with 129 views
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"Should Greenhouse Gas Permits be Allocated on a Per Capita Basis?" is an article by Eric Posner and Cass Sunstein appearing this year in the California Law Review. That is, should emissions cap per nation be assigned on the basis of the nation's population? Posner and Sunstein argue in the negative.They begin their article by a lengthy... [read more]

Emissions trading: Auctioning permits vs giving them away

October 6, 2009 by DavidJeffrey
with 189 views
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As I've talked about before (The great permit give-away), one of the big debates in emissions trading is whether to auction most of the permits or give them away free to industry. Under the Australian CPRS it looks like more and more will be given away, to industries that are particularly affected and/or have to compete with overseas... [read more]

The great give-away: Allocating permits under an emissions trading scheme

September 2, 2009 by DavidJeffrey
with 109 views
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One of the bigger areas of debate in emissions trading is how to allocate permits. The purists (eg, Garnaut) suggest they should all be auctioned while political realities suggest a large chunk will be given away to compensate the industries that will suffer most under the scheme (Garnaut suggested that you should give cash compensation... [read more]