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Cited by 107Climate Change Policy and EconomicsEnergy, Environment, Economic GrowthEnvironmental Policies and Emissions

The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.

Emissions trading systems with cap adjustments

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Kollenberg, Sascha, Taschini, Luca·2016·Journal of Environmental Economics and Management
DOI 10.1016/j.jeem.2016.09.003
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Abstract

Emissions Trading Systems (ETSs) with fixed caps lack provisions to address systematic imbalances in the supply and demand of permits due to changes in the state of the regulated economy. We propose a mechanism which adjusts the allocation of permits based on the current bank of permits. The mechanism spans the spectrum between a pure quantity instrument and a pure price instrument. We solve the firms׳ emissions control problem and obtain an explicit dependency between the key policy stringency parameter—the adjustment rate—and the firms׳ abatement and trading strategies. We present an analytical tool for selecting the optimal adjustment rate under both risk-neutrality and risk-aversion, which provides an analytical basis for the regulator׳s choice of a responsive ETS policy.

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  1. Grosjean, 2014, After monetary policy, climate policy, Clim. Policy, 1, 1

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Metadata

Authors
Kollenberg, S., & Taschini, L.
Affiliations
  • University of Duisburg-Essen (DE)
  • London School of Economics and Political Science (GB)
Corresponding author
Taschini, Luca
ORCID
Taschini, Luca
Venue
Journal of Environmental Economics and Management
Publisher
Elsevier BV
Published
2016-11
Volume
80
Pages
20-36
ISSN
0095-0696 (ISSN-L)
DOI
10.1016/j.jeem.2016.09.003
OpenAlex
W2911748944
Cited by
107
References
23
Citations by year
2026: 7 · 2025: 14 · 2024: 17 · 2023: 11 · 2022: 10 · 2021: 6 · 2020: 16 · 2019: 10 · 2018: 8 · 2017: 5 · 2016: 3
FWCI
16.87
Type
journal article
Language
en
Open access
Licence
Locations
  • Journal of Environmental Economics and Management (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
  • London School of Economics and Political Science Research Online (London School of Economics and Political Science) (submittedVersion)
  • London School of Economics and Political Science Theses Online (London School of Economics and Political Science) (submittedVersion)
Funders
  • European Commission (308481)
  • Bundesministerium für Bildung und Forschung
  • Universität Duisburg-Essen
  • Economic and Social Research Council (ES/K006576/1)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
  • Physical Sciences › Environmental Science › Pollution › Environmental Policies and Emissions
Keywords
emissions trading system, permit allocation, abatement strategies, risk aversion, regulatory stringency, carbon pricing

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