Combining price and quantity controls under partitioned environmental regulation

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• 作者：Jan Abrell^a ; Sebastian Rausch^a ; ^b ; ^{srausch@ethz.ch}
• 关键词：Emission trading ; Hybrid regulation ; Partitioned environmental regulation ; Technology uncertainty ; Emission uncertainty ; EU ETS
• 刊名：Journal of Public Economics
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：145
• 期：Complete
• 页码：226-242
• 全文大小：847 K
• 卷排序：145

文摘

We analyze hybrid emissions trading systems (ETSs) under partitioned regulation. Hybrid ETS policies provide hedge against differences in MAC across partitions. Price bounds are more efficient than abatement bounds. Hybrid policies in EU ETS reduce expected excess abatement costs by up to 89%. Hybrid ETS policies have high probability for sizeable ex-post cost savings.