Polluting firms' location choices and pollution havens in an R&D-based growth model for an international emissions trading market

2021 ◽  
pp. 1-18
Author(s):  
Yoshihiro Hamaguchi
Keyword(s):  
Growth Model ◽  
Emissions Trading ◽  
Location Choices ◽  
Trading Market ◽  
International Emissions Trading ◽  
Polluting Firms ◽  
Pollution Havens

Do pollution havens restrict tourism-led growth? Achieving sustainable tourism via a mix of environmental and tourism policies

2019 ◽  
Vol 26 (7) ◽  
pp. 1175-1196
Author(s):  
Yoshihiro Hamaguchi
Keyword(s):  
Growth Rate ◽  
Growth Model ◽  
Environmental Quality ◽  
Rate Increase ◽  
Sustainable Tourism ◽  
International Tourism ◽  
Location Choices ◽  
Emission Permit ◽  
Polluting Firms ◽  
Pollution Havens

Using an R&D-based growth model with endogenous location choices and movement of tourists, we investigate the effect that a grandfathered emission permit and an airfare including alien tax have on international tourism. We find that improved environmental quality, achieved by the restricted allocation of grandfathered permits, leads to tourism-led growth. That is, both the number of tourists and the tourism growth rate increase. By contrast, we find that worsened environmental quality, caused by generous allocation of grandfathered permits and reduced airfares including alien tax, leads to the creation of pollution havens because the policy prompts polluting firms to relocate to the area with the respective regulations. Our findings imply sustainable tourism can be achieved when the respective environmental and tourism policies are implemented.

scholarly journals Economic assessment of the development of CO2 direct reduction technologies in long-term climate strategies of the Gulf countries

2021 ◽  
Vol 165 (3-4) ◽  
Author(s):  
Frédéric Babonneau ◽  
Ahmed Badran ◽  
Maroua Benlahrech ◽  
Alain Haurie ◽  
Maxime Schenckery ◽  
...  
Keyword(s):  
Emissions Trading ◽  
Oil And Gas ◽  
Direct Reduction ◽  
Surface Air Temperature ◽  
Economic Assessment ◽  
Paris Agreement ◽  
Trading Market ◽  
International Emissions Trading ◽  
Welfare Losses

AbstractThis paper proposes an assessment of long-term climate strategies for oil- and gas-producing countries—in particular, the Gulf Cooperation Council (GCC) member states—as regards the Paris Agreement goal of limiting the increase of surface air temperature to 2°C by the end of the twenty-first century. The study evaluates the possible role of carbon dioxide removal (CDR) technologies under an international emissions trading market as a way to mitigate welfare losses. To model the strategic context, one assumes that a global cumulative emissions budget will have been allocated among different coalitions of countries—the GCC being one of them—and the existence of an international emissions trading market. A meta-game model is proposed in which deployment of CDR technologies as well as supply of emission rights are strategic variables and the payoffs are obtained from simulations of a general equilibrium model. The results of the simulations indicate that oil and gas producing countries and especially the GCC countries face a significant welfare loss risk, due to “unburnable oil” if a worldwide climate regime as recommended by the Paris Agreement is put in place. The development of CDR technologies, in particular direct air capture (DAC) alleviates somewhat this risk and offers these countries a new opportunity for exploiting their gas reserves and the carbon storage capacity offered by depleted oil and gas reservoirs.

Senkenanrechnung gemäss Kyoto-Protokoll: Perspektiven für die Waldwirtschaft | Taking carbon sinks into account according to the Kyoto Protocol: a prospect for the forest sector

2008 ◽  
Vol 159 (9) ◽  
pp. 296-302
Author(s):  
Richard Volz
Keyword(s):  
Kyoto Protocol ◽  
Emissions Trading ◽  
Wood Products ◽  
Forest Sector ◽  
Carbon Sinks ◽  
Forest Owners ◽  
Trading Market ◽  
Reduce Emissions ◽  
Emission Reduction Target ◽  
Actual Target

The Kyoto Protocol makes provisions for carbon sinks from forest management to be taken into account as a contribution towards fulfilling a country's emission reduction target. Additional emission allowances are allocated for these forest carbon sinks. If Switzerland uses this extra contingent of allowances to the full it would then only have to reduce emissions by 4.5% instead of the actual target of 8%. Emission allowances from carbon sinks can be traded on the emissions trading market and be claimed by forest owners. An assessment of the income that could be anticipated was carried out in four forestry companies: with the CO2 price set at 10 CHF per ton it was seen that a potential revenue of between 6 and 71 CHF per hectare and year could be realised. However, the legal basis for allocating emission allowances from carbon sinks to forest owners has yet to be created. In view of the fact that the two chambers of Parliament refused the introduction of the Forests Act Revision Bill, it is not clear if and in what form this will be done. For the period after 2012, the rules will be renegotiated at the international level and it is expected that the carbon stored in harvested wood products will be taken into account. Accordingly, wood removed from the forest would no longer be automatically counted as a CO2 source in the emission balance.

scholarly journals Reducing emissions in New Zealand: after Copenhagen

2010 ◽  
Vol 6 (1) ◽  
Author(s):  
Phil O'Reilly
Keyword(s):  
New Zealand ◽  
Emissions Trading ◽  
Co2 Reduction ◽  
International Emissions Trading

The outcomes from Copenhagen were less definite than many hoped. The major disappointment was in not achieving an internationally agreed CO2 reduction target, and everything else flowed from that, including not much progress towards international emissions trading.

The hedge value of international emissions trading under uncertainty

Energy Policy ◽  
2010 ◽  
Vol 38 (4) ◽  
pp. 1787-1796 ◽  
Author(s):  
Mort Webster ◽  
Sergey Paltsev ◽  
John Reilly
Keyword(s):  
Emissions Trading ◽  
International Emissions Trading
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