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Does Uncertainty Matter? A Stochastic Dynamic Analysis of Bankable Emission Permit Trading for Global Climate Change Policy

Emission permit trading is a centerpiece of the Kyoto Protocol which allows participating nations to trade and bank greenhouse gas permits under the Framework Convention on Climate Change. When market conditions evolve stochastically, emission trad...

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Bibliographic Details
Main Author: Zhang, Fan
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ABATEMENT COSTS
ACID RAIN
AFFORDABLE ENERGY
AGGREGATE EMISSION
ALLOWANCE TRADING
ANNUAL ELECTRICITY
ANNUAL EMISSION
ANNUAL EMISSIONS
APPROACH
AUCTION
BIDDING
CALCULATION
CARBON
CARBON DIOXIDE
CARBON DIOXIDE EMISSION
CARBON FUELS
CARBON MARKET
CARBON TRADING
CLEAN AIR
CLEAN AIR ACT
CLEAN AIR ACT AMENDMENTS
CLIMATE CHANGE
CLIMATE CHANGE POLICY
COAL
COAL PRICE
COAL PRICES
COMPETITIVE EQUILIBRIUM
COMPLIANCE COSTS
CONSTANT RETURNS TO SCALE
COST INCREASES
DEMAND CURVE
DEMAND FOR ELECTRICITY
DEMAND FOR ENERGY
DEMAND FUNCTIONS
ELASTICITY OF DEMAND
ELECTRIC UTILITY
ELECTRICITY
ELECTRICITY PRICE
ELECTRICITY PRICES
ELECTRICITY UTILITIES
EMISSION
EMISSION ABATEMENT
EMISSION CAP
EMISSION LEVEL
EMISSION PERMIT
EMISSION PERMITS
EMISSION RATE
EMISSION RATES
EMISSION REDUCTION
EMISSION REDUCTION GOALS
EMISSION REDUCTIONS
EMISSION STANDARD
EMISSION TARGETS
EMISSION TRADING
EMISSIONS
EMISSIONS REDUCTION
EMISSIONS TARGETS
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
ENERGY MARKETS
ENERGY SOURCE
ENVIRONMENTAL
ENVIRONMENTAL BENEFITS
ENVIRONMENTAL POLICIES
ENVIRONMENTAL POLICY
ENVIRONMENTAL PROTECTION
ENVIRONMENTAL PROTECTION AGENCY
FIXED COSTS
FOSSIL
FOSSIL FUEL
FRAMEWORK CONVENTION ON CLIMATE CHANGE
FUEL
FUEL COSTS
FUEL PRICES
FUEL SWITCHING
FUELS
GENERATING CAPACITY
GLOBAL CARBON DIOXIDE
GLOBAL CARBON MARKET
GLOBAL CLIMATE CHANGE
GREENHOUSE
GREENHOUSE GAS
GREENHOUSE GAS PERMITS
GREENHOUSE GASES
HEAT
HEAT INPUT
HIGH-SULFUR
HIGH-SULFUR COAL
IMPERFECT COMPETITION
INCREASES
INPUT PRICES
IRREVERSIBILITY
LEVEL OF EMISSIONS
LOW-SULFUR
LOW-SULFUR COAL
MARGINAL ABATEMENT
MARGINAL ABATEMENT COST
MARGINAL ABATEMENT COSTS
MARGINAL COST
MARGINAL EMISSION RATE
MARGINAL PRODUCT
MARGINAL PRODUCTIVITY
MARGINAL REVENUE
MARKET CONDITIONS
MARKET POSITION
MARKET POWER
MARKET PRICE
MARKET STRUCTURE
OIL
OPTIMIZATION MODEL
PEAK LOAD
PEAK POWER
PERMIT PRICE
PERMIT TRADING
PLANT OPERATORS
POLLUTANT EMISSIONS
POLLUTION
POLLUTION REDUCTION
POWER
POWER INDUSTRY
POWER PLANT
POWER PLANTS
POWER PRODUCERS
PRESENT VALUE
PRICE CHANGE
PRICE CHANGES
PRICE DECREASES
PRICE FLUCTUATION
PRICE FLUCTUATIONS
PRICE INCREASES
PRICE LEVELS
PRICE TRENDS
PRICE UNCERTAINTIES
PRICE UNCERTAINTY
PRICE VOLATILITY
PRODUCTION TECHNOLOGY
PURCHASING
REDUCING EMISSIONS
REDUCTION OF EMISSIONS
RETAIL
RETAIL ELECTRICITY
RETURNS TO SCALE
SPOT MARKET
SPOT MARKETS
SPREAD
STOCKS
SUBSTITUTION
SULFUR
SULFUR DIOXIDE
TOTAL EMISSIONS
TRADABLE EMISSION
UTILITY UNITS
VOLATILE ENERGY
Online Access:http://documents.worldbank.org/curated/en/2007/04/7549905/uncertainty-matter-stochastic-dynamic-analysis-bankable-emission-permit-trading-global-climate-change-policy
http://hdl.handle.net/10986/7070

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