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Australia is currently developing a carbon emissions trading program. The Garnaut report recommendations include options for the allocation of carbon credits, trading schemes, banking and borrowing, and self reporting mechanisms. This paper reports the results of a series of economic experiments in which we explored spot and future markets given high and low levels of carbon credit reductions. The results provide important insights to the current debate in Australia and highlight the importance of well crafted market design.

Keywords: climate change ; emissions trading ; compliance

Subject(s): Environmental Economics and Policy

Resource /Energy Economics and Policy

Issue Date: 2009

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/51044

Total Pages: 29

JEL Codes: Q53; Q54

Series Statement: Contributed Paper

55

Record appears in: International Association of Agricultural Economists (IAAE) > 2009 Conference, August 16-22, 2009, Beijing, China





Autor: Tisdell, John G. ; Grainger, Corinne

Fuente: http://ageconsearch.umn.edu/record/51044?ln=en







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