Managing Permit Markets to Stabilize Prices

By Richard G. Newell, William A. Pizer, Jiangfeng Zhang. 2005

149 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/a20f3545ed2935f91c358838db4c832dc27530e1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Renewable Energy, Sustainability and the Environment

Citations in the corpus

Prices Versus Quantities Versus Bankable Quantities (2012, background): “The advantage of a bankable-quantity policy under this relaxed borrowing constraint therefore increases relative to the benchmark almost matching the price policy and similar to the results discussed in Newell et al. (2005).”
Carbon Trading: A Review of the Kyoto Mechanisms (2007, background): “icy horizons such as 5–10 years (11), there are at least seven reasons why trading is dominant:”
Alternative Approaches to Cost Containment in a Cap-and-Trade System (2010, background): “This framework has been extended by Pizer (1999), Hoel and Karp (2001, 2002), and Newell and Pizer (2003) to consider stock externalities (pollutants) accumulating over time.”
Renewable Energy Subsidies: Second-Best Policy or Fatal Aberration for Mitigation? (2011, unknown): “Ideological attitudes against carbon pricing poli- 2 cies also play an important role: Carbon taxes face high opposition as taxes in general are unpopular in wide parts of the US society (Newell et al. 2005).”
Designing Climate Mitigation Policy (2010, unknown): “In fact, if 1-for-1 banking and borrowing were completely unlimited and costless, expected allowance prices would rise at the interest rate, and the system would be largely equivalent to that of an emissions tax growing at the interest rate (Newell et al. 2005).”
The role of markets and policies in delivering innovation for climate change mitigation (2010, background): “…allowance prices and corresponding financial incentives for technology could also be stabilized through flexibility over time (i.e. through emissions banking and borrowing) and through provisions for price floors and price ceilings on emissions allowances (Murray et al., 2009; Newell et al., 2005).”