Combining price and quantity controls to mitigate global climate change

Pizer, William A.

doi:10.1016/s0047-2727(01)00118-9

Cited by 542 publications

(331 citation statements)

References 23 publications

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“…In addition, carbon emission trading (CET) market is an effective way to realize total amount targets. It works by first giving participants a limit on emission permits, and then allowing them to buy or sell permits in the market (Pizer, 2002). The CET market increases enterprise's production cost.…”

Section: Total Amount Targets Are More Effective On the Energy Consermentioning

confidence: 99%

Potential impacts of industrial structure on energy consumption and CO2 emission: a case study of Beijing

Pan

Hao

et al. 2015

Journal of Cleaner Production

380

109

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Abstract：An optimization model is developed based on the Input-Output model to assess the potential impacts of industrial structure on the energy consumption and CO2 emission. The method is applied to a case study of industrial structure adjustment in Beijing, China. Results demonstrate that industrial structure adjustment has great potential of energy conservation and carbon reduction. When the average annual growth rate of GDP is 8.29% from 2010 to 2020, industrial structure adjustment can save energy by 39.42% (50.06 million tons of standard coal equivalent), and reduce CO2 emission by 46.06% (96.31 million tons) in Beijing in 2020. Second, Beijing had better strive to develop several low energy intensive and low carbon intensive sectors, such as information transmission, computer service and software, and finance. Third, energy intensity is possible to decrease without negatively affecting economic growth by reasonable industrial structure adjustment. Four, compared to "intensity targets", "total amount targets" are more effective on the energy conservation and carbon reduction, but have much greater negative effects on economic growth. Therefore, it needs to be balanced between "total amount targets" and "intensity targets".

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Section: Total Amount Targets Are More Effective On the Energy Consermentioning

confidence: 99%

Potential impacts of industrial structure on energy consumption and CO2 emission: a case study of Beijing

Pan

Hao

et al. 2015

Journal of Cleaner Production

380

109

View full text Add to dashboard Cite

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“…In contrast, a tax provides a constant incentive for producers to reduce emissions, so they reduce emissions more when the abatement costs are low, and reduce them less when they are high. Because of this flexibility, studies have estimated that a tax could result in substantially greater net benefits than a cap and trade system (Hoel and Karp, 2001;Newell and Pizer, 2002;Pizer, 2002). The relative disadvantage of a cap-andtrade scheme can be reduced by setting a maximum (or minimum) permit price, which would be maintained by the government selling or purhasing permits as required.…”

Section: Emissions Tradingmentioning

confidence: 99%

Policy options in addressing livestock’s contribution to climate change

Gerber

Key

Portet

et al. 2010

Animal

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There is a great potential to reduce greenhouse gas (GHG) emissions related to livestock production. For achieving this potential will require new initiatives at national and international levels that include promoting research and development on new mitigation technologies; deploying, diffusing and transferring technologies to mitigate emissions; and enhancing capacities to monitor, report and verify emissions from livestock production. This study describes the sources of livestock-related GHG emissions and reviews available mitigation technologies and practices. We assess the main policy instruments available to curb emissions and promote carbon sinks, and discuss the relative merits of alternative approaches. We discuss recent experiences in countries that have enacted mitigation strategies for the livestock sector to illustrate some of the key issues and constraints in policy implementation. Finally, we explore the main issues and challenges surrounding international efforts to mitigate GHG emissions and discuss some possible ways to address these challenges in future climate agreements.

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“…This analysis, together with available estimates of parameter values, supports the view that taxes dominate quotas for climate policy. Numerical results that do not use the linear-quadratic model also support this conclusion (Pizer 1999;Hoel and Karp 2001;Pizer 2002).…”

Section: The Linear-quadratic Modelmentioning

confidence: 76%

Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information

Karp

Zhang²

2010

Econ Theory

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We compare emissions taxes and quotas when a (strategic) regulator and (non-strategic) firms have asymmetric information about abatement costs, and all agents use Markov perfect decision rules. Firms make investment decisions that affect their future abatement costs. For general functional forms, firms' investment policy is information-constrained efficient when the regulator uses a quota, but not when the regulator uses an emissions tax. This advantage of quotas over emissions taxes has not previously been recognized. For a special functional form (linear-quadratic) both policies are constrained efficient. Using numerical methods, we find that a tax has some advantages in this case.Jiangfeng Zhang: The opinions expressed in this paper do not necessarily reflect the views of the Asian Development Bank.We benefitted from comments by two anonymous referees. The usual disclaimer applies.

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Combining price and quantity controls to mitigate global climate change

Cited by 542 publications

References 23 publications

Potential impacts of industrial structure on energy consumption and CO2 emission: a case study of Beijing

Potential impacts of industrial structure on energy consumption and CO2 emission: a case study of Beijing

Policy options in addressing livestock’s contribution to climate change

Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information

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