The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances
Dallas Burtraw,
Karen Palmer,
Ranjit Bharvirkar and
Anthony Paul
RFF Working Paper Series 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: L94 Q2 Q25 Q4 (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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (67)
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Related works:
Journal Article: The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances (2002)
Working Paper: The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-02-15-
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