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A Cheap and Effective CO2 Cap-and-Trade for Electricity

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  • Michel, Steven

Abstract

Now that debate has shifted from regional toward federal cap-and-trade policy, it's time to reintroduce the idea of using reduction credits rather than allowances to drive emission reductions. A credit system appears to work well to reduce CO2 emissions with minimal compliance cost - and without windfall, wealth transfer, or market power concerns. It also provides a strong incentive for renewable energy and energy efficiency, and a ready means to harmonize a federal cap-and-trade with state and federal renewable energy portfolio requirements.

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  • Michel, Steven, 2009. "A Cheap and Effective CO2 Cap-and-Trade for Electricity," The Electricity Journal, Elsevier, vol. 22(8), pages 45-54, October.
    • Handle: RePEc:eee:jelect:v:22:y:2009:i:8:p:45-54
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    Cited by:

    1. Inglesi-Lotz, Roula & Blignaut, James N., 2014. "Improving the electricity efficiency in South Africa through a benchmark-and-trade system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 833-840.

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