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Direct linkBurtraw, Dallas; Palmer, Karen – Journal of Policy Analysis and Management, 2008
Most previous cap and trade programs have distributed emission allowances for free to incumbent producers. However, in the electricity sector the value of CO[subscript 2] allowances may be far in excess of costs to industry and giving them away to firms diverts allowance value from other purposes. Using a detailed simulation model, this paper…
Descriptors: Climate, Pollution, Energy, Utilities
