Abstract
Complementary to the preceding chapter, where we analyzed the implications of carbon/energy taxes on economic performance and CO2 emissions, we now consider tradeable CO2 permits as the key instrument of abatement policy. The main advantage of permits as compared to taxes is that they can guarantee the achievement of exogenous abatement targets simply by restricting the amount of issued emission rights to the desired overall emission level.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1997 Physica-Verlag Heidelberg
About this chapter
Cite this chapter
Hoster, F., Welsch, H., Böhringer, C. (1997). Tradeable CO2 Permits. In: CO2 Abatement and Economic Structural Change in the European Internal Market. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-47005-9_8
Download citation
DOI: https://doi.org/10.1007/978-3-642-47005-9_8
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1020-2
Online ISBN: 978-3-642-47005-9
eBook Packages: Springer Book Archive