Design of Tradable Permit Programs Under Imprecise Measurement

The search for solutions to the problem of non-point source pollution (NSP) includes alternatives based on theories associated with the use of tradable pollution permits. Tradable permit programs have received significant support as a promising policy for the reduction of effluent discharges but programs in practice have not been regarded as successful. The lack of success is ascribed to the design of the programs. However, this may be a design problem which is insurmountable due to the nature of the NSP problem. Tradable permit solutions are based on an assumption that the assignation of quantifiable rights to both point and nonpoint sources, based on some predetermined ambient water quality measure, is possible. The conclusion here is that there are significant features particular to NSP that hinder the introduction of rights and significantly decrease the utility of tradable permit solutions.

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Tradable permit schemes for managing morning commute with carpool under parking space constraint

Transportation ◽

10.1007/s11116-019-09982-w ◽

2019 ◽

Cited By ~ 5

Author(s):

Ling-Ling Xiao ◽

Tian-Liang Liu ◽

Hai-Jun Huang

Keyword(s):

Space Constraint ◽

Parking Space ◽

Tradable Permit ◽

Morning Commute

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China’s New National Carbon Market

AEA Papers and Proceedings ◽

10.1257/pandp.20181029 ◽

2018 ◽

Vol 108 ◽

pp. 463-467 ◽

Cited By ~ 8

Author(s):

William A. Pizer ◽

Xiliang Zhang

Keyword(s):

United States ◽

Carbon Dioxide ◽

Carbon Dioxide Emissions ◽

Emissions Trading ◽

The United States ◽

Carbon Market ◽

Trading System ◽

Pilot Programs ◽

Tradable Permit ◽

Emissions Trading System

On December 19, 2017, China announced the official start of its national emissions trading system (ETS) construction program. When fully implemented, this program will more than double the volume of worldwide carbon dioxide emissions covered by either tax or tradable permit policy. Many of program's design features reflect those of China's pilot programs but differ from those of most emissions trading programs in the United States and Europe. This paper explains the context and design of China's new carbon market, discusses implications and possible modifications, and suggests topics for further research.

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