umu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Transaction Costs of Upstream Versus Downstream Pricing of CO2 Emissions
University of Gothenburg.
Umeå University, Faculty of Social Sciences, Centre for Environmental and Resource Economics (CERE). Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE).
2019 (English)In: Environmental and Resource Economics, ISSN 0924-6460, E-ISSN 1573-1502, Vol. 72, no 4, p. 965-1001Article in journal (Refereed) Published
Abstract [en]

To the best of our knowledge, this is the first paper comparing empirically the transaction costs of the monitoring, reporting and verification (MRV) required by two environmental regulations aimed to cost-efficiently reduce greenhouse gas emissions: a carbon dioxide (CO2) tax and an emissions trading system. We do this in the case of Sweden, where a set of firms are covered by both types of regulations—the Swedish CO2 tax and the European Union’s Emissions Trading System (EU ETS). Our results indicate that there is a significant degree of heterogeneity in the transaction costs of the firms in our sample. Moreover, for some of the firms, the transaction costs are high when compared with the actual cost of the CO2 tax and the price of the EU ETS. Furthermore, we find that the MRV costs are lower for CO2 taxation than for the EU ETS, which confirms the general view that regulating emissions upstream via a CO2 tax yields lower transaction costs vis-á-vis downstream regulation via emissions trading.

Place, publisher, year, edition, pages
Springer Netherlands, 2019. Vol. 72, no 4, p. 965-1001
Keywords [en]
Climate change, CO2 tax, Emissions trading, Firm-level data, EU ETS, Transaction costs, Sweden
National Category
Economics Environmental Sciences
Identifiers
URN: urn:nbn:se:umu:diva-152789DOI: 10.1007/s10640-018-0235-yISI: 000466316700004Scopus ID: 2-s2.0-85043684700OAI: oai:DiVA.org:umu-152789DiVA, id: diva2:1258184
Available from: 2018-10-24 Created: 2018-10-24 Last updated: 2019-05-17Bibliographically approved

Open Access in DiVA

fulltext(7437 kB)35 downloads
File information
File name FULLTEXT02.pdfFile size 7437 kBChecksum SHA-512
838577c1e076b060e410f898bb9340877144f8aa87d17c8aa5d54db3421a44def894aaffbc60a856de504fe620d84e7d149b8538fe056759524f648e15d2031a
Type fulltextMimetype application/pdf

Other links

Publisher's full textScopus

Authority records BETA

Jaraite, Jurate

Search in DiVA

By author/editor
Jaraite, Jurate
By organisation
Centre for Environmental and Resource Economics (CERE)Umeå School of Business and Economics (USBE)
In the same journal
Environmental and Resource Economics
EconomicsEnvironmental Sciences

Search outside of DiVA

GoogleGoogle Scholar
Total: 66 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 212 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf