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Tradable emission quotas, technical progress and climate change

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  • Bertram, I.G.

Abstract

The paper reviews two alternative rules for allocation of property rights in a global greenhouse-gas emissions budget, assuming implementation of a tradablequota arrangement. These are the per capita rule and no-regrets-for-the-South (NRFTS) rule. The operation of a quota market under these alternative regimes is simulated on a spreadsheet, using 1990–1 data from 125 countries. A significant result is that once the South has secured a quota allocation based on the per capita principle, it stands collectively to lose from progress in abatement technology because of the strong link from technical progress to the world market price of quota. The more restricted NRFTS rule gives the South smaller gains from the quota system, but enables it to retain some of the rents from its own technical progress. Some implications for the South's position in future negotiations are noted.

Suggested Citation

  • Bertram, I.G., 1996. "Tradable emission quotas, technical progress and climate change," Environment and Development Economics, Cambridge University Press, vol. 1(4), pages 465-487, October.
    • Handle: RePEc:cup:endeec:v:1:y:1996:i:04:p:465-487_00
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    Cited by:

    1. Schmidt, Tobias F. N. & Koschel, Henrike, 1998. "Climate change policy and burden sharing in the European Union: applying alternative equity rules to a CGE-framework," ZEW Discussion Papers 98-12, ZEW - Leibniz Centre for European Economic Research.
    2. Shreekant Gupta, 2000. "Incentive-Based Approaches for Mitigating Greenhouse Gas Emissions: Issues and Prospects for India," Working papers 85, Centre for Development Economics, Delhi School of Economics.
    3. Shreekant Gupta, 2010. "Incentive Based Approaches for Mitigating Greenhouse Gas Emmissions : Issues And Prospects for India," Working Papers id:2638, eSocialSciences.

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