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
Carbon pricing: transaction costs of emissions trading vs. carbon taxes
Umeå University, Faculty of Social Sciences, Center for Environmental and Resource Economics (CERE). Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE).
2015 (English)Report (Other academic)
Abstract [en]

In this paper we empirically compare the transaction costs from monitoring, reporting and verification (MRV) of two environmental regulations directed to cost-efficiently reduce greenhouse gas emissions: a carbon dioxide (CO2) tax and a tradable emissions system. We do this in the case of Sweden, where a set of firms are covered by both types of regulations, i.e., the Swedish CO2 tax and the European Union’s Emissions Trading System (EU ETS). This provides us with an excellent case study as it allows us to disentangle the costs of each regulation from other firm-specific variables that might affect the overall cost of MRV procedures. Our results indicate that the MRV costs of CO2 taxation do not depend on firms’ emissions, while they do in the case of the EU ETS. For firms of equivalent emissions’ size, the MRV costs are lower for CO2 taxation than for the EU ETS, which confirms the general view that regulating emissions upstream by means of a CO2 tax yields lower transaction costs vis-á-vis downstream regulation by means of emission trading.

Place, publisher, year, edition, pages
Umeå, 2015. , 32 p.
Series
CERE Working Paper Series, 2015:2
Keyword [en]
Carbon dioxide emissions, Carbon tax, Emissions Trading, EU ETS, Firm-level data, Sweden
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-104612OAI: oai:DiVA.org:umu-104612DiVA: diva2:820425
Available from: 2015-06-12 Created: 2015-06-12 Last updated: 2015-07-15Bibliographically approved

Open Access in DiVA

fulltext(411 kB)129 downloads
File information
File name FULLTEXT01.pdfFile size 411 kBChecksum SHA-512
fd9856560cf8993d9cecc1f8332e46951dc8e670e24671b8858571d7162e7f5a770a5473bc9ee359e111e67729b9a07b53b50cedd607d727f972c95c32376ead
Type fulltextMimetype application/pdf

Other links

Fulltext

Authority records BETA

Jaraite, Jurate

Search in DiVA

By author/editor
Jaraite, Jurate
By organisation
Center for Environmental and Resource Economics (CERE)Umeå School of Business and Economics (USBE)
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 129 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

urn-nbn

Altmetric score

urn-nbn
Total: 386 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