Designing a U.S. Market for CO2 (2009)
Parsons, John E., Ellerman, A. Denny, Feilhauer, Stephan.
Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/).
Designing a U.S. Market for CO2 (2009)
Parsons, John E., Ellerman, A. Denny, Feilhauer, Stephan.
Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/).
The EU’s Emissions Trading Scheme: A Prototype Global System? (2009)
Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/).
Designing a US Market for CO2 (2009)
Ellerman, A. Denny, Parsons, John E.
In this paper we focus on one component of the cap-and-trade system: the markets that arise for trading allowances after they have been allocated or auctioned. The efficient functioning of the market...
Designing a US Market for CO2 (2009)
Ellerman, A. Denny, Parsons, John E.
In this paper we focus on one component of the cap-and-trade system: the markets that arise for trading allowances after they have been allocated or auctioned. The efficient functioning of the market...
The European Carbon Market in Action: Lessons from the First Trading Period Interim Report (2008)
Convery, Frank, Ellerman, A. Denny, De Perthuis, Christian
Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/).
The European Carbon Market in Action: Lessons from the First Trading Period Interim Report (2008)
Convery, Frank, Ellerman, A. Denny, De Perthuis, Christian
Abstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/).
The European carbon market in action : the first trading period, Interim report (2008)
Convery, Frank J., Perthuis, Christian De, Ellerman, A. Denny
The European Union Emissions Trading Scheme (EU ETS) is the largest greenhouse gas market ever established. The European Union is leading the world's first effort to mobilize market forces to tackle...
The effects of interactions between federal and state climate policies (2008)
McGuinness, Meghan, Ellerman, A. Denny
In the absence of a federal policy to cap carbon emissions many states are moving forward with their own initiatives, which currently range from announcements of commitments to reduce greenhouse...
Short-term CO₂ abatement in the European power sector (2008)
Delarue, Erik D., Ellerman, A. Denny, D'haeseleer, W. D.
This paper focuses on the possibilities for short term abatement in response to a CO2 price through fuel switching in the European power sector. The model E-Simulate is used to simulate the...
Short-term CO₂ abatement in the European power sector (2008)
Delarue, Erik D., Ellerman, A. Denny, D'haeseleer, W. D.
This paper focuses on the possibilities for short term abatement in response to a CO2 price through fuel switching in the European power sector. The model E-Simulate is used to simulate the...
The effects of interactions between federal and state climate policies (2008)
McGuinness, Meghan, Ellerman, A. Denny
In the absence of a federal policy to cap carbon emissions many states are moving forward with their own initiatives, which currently range from announcements of commitments to reduce greenhouse...
The European carbon market in action : the first trading period, Interim report (2008)
Convery, Frank J., Perthuis, Christian De, Ellerman, A. Denny
The European Union Emissions Trading Scheme (EU ETS) is the largest greenhouse gas market ever established. The European Union is leading the world's first effort to mobilize market forces to tackle...
CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period (2008)
Ellerman, A. Denny, McGuinness, Meghan
This paper provides an empirical assessment of CO2 emissions abatement in the UK power sector during the trial period of the EU ETS. Using an econometrically estimated model of fuel switching, it...
Compliance Behavior in the EU-ETS: Cross Border Trading, Banking and Borrowing (2008)
Ellerman, A. Denny, Trotignon, Raphael
This paper exploits a little used data resource within the central registry of the European Union’s Emissions Trading System (EU ETS) to analyze cross border flows of allowances for compliance...
The EU’s Emissions Trading Scheme: A Proto-Type Global System? (2008)
The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical,...
A Top-down and Bottom-up look at Emissions Abatement in Germany in response to the EU ETS (2008)
Stephan, Feilhauer, Ellerman, A. Denny
This paper uses top-down trend analysis and a bottom-up power sector model to define upper and lower boundaries on abatement in Germany in the first phase of the EU Emissions Trading Scheme...
Ellerman, A. Denny, Reguant, Mar
In this paper, we test the Coase theorem in the context of carbon emissions trading. We investigate whether generating firms were influenced in their operational decisions by the initial amount of...
Ellerman, A. Denny, Reguant, Mar
In this paper, we test the Coase theorem in the context of carbon emissions trading. We investigate whether generating firms were influenced in their operational decisions by the initial amount of...
A Top-down and Bottom-up look at Emissions Abatement in Germany in response to the EU ETS (2008)
Stephan, Feilhauer, Ellerman, A. Denny
This paper uses top-down trend analysis and a bottom-up power sector model to define upper and lower boundaries on abatement in Germany in the first phase of the EU Emissions Trading Scheme...
The EU’s Emissions Trading Scheme: A Proto-Type Global System? (2008)
The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical,...
Compliance Behavior in the EU-ETS: Cross Border Trading, Banking and Borrowing (2008)
Ellerman, A. Denny, Trotignon, Raphael
This paper exploits a little used data resource within the central registry of the European Union’s Emissions Trading System (EU ETS) to analyze cross border flows of allowances for compliance...
CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period (2008)
Ellerman, A. Denny, McGuinness, Meghan
This paper provides an empirical assessment of CO2 emissions abatement in the UK power sector during the trial period of the EU ETS. Using an econometrically estimated model of fuel switching, it...
Martin, Katherine C., Joskow, Paul L., Ellerman, A. Denny
Due to variations in weather and atmospheric chemistry, the timing and location of nitrogen oxide (NOX) reductions determine their effectiveness in reducing ground-level ozone, which adversely...
Martin, Katherine C., Joskow, Paul L., Ellerman, A. Denny
Due to variations in weather and atmospheric chemistry, the timing and location of nitrogen oxide (NOX) reductions determine their effectiveness in reducing ground-level ozone, which adversely...
The European Union Emissions Trading Scheme: Origins, Allocation, and Early Results (2007)
Ellerman, A. Denny, Buchner, Barbara K.
The European Union Emissions Trading Scheme (EU ETS) is the world's first large experiment with an emissions trading system for carbon dioxide (CO2) and it is likely to be copied by others if there...
Ellerman, A. Denny., Buchner, Barbara.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Ellerman, A. Denny., Buchner, Barbara.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara., Carraro, Carlo., Ellerman, A. Denny.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara., Carraro, Carlo., Ellerman, A. Denny.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara K., Carraro, Carlo, Ellerman, A. Denny
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara K., Carraro, Carlo, Ellerman, A. Denny
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara K., Carraro, Carlo, Ellerman, A. Denny
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles (2006)
Buchner, Barbara K., Carraro, Carlo, Ellerman, A. Denny
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
Bringing Transportation into a Cap-and-Trade Regime (2006)
Ellerman, A. Denny., Jacoby, Henry D., Zimmerman, Martin B.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Bringing Transportation into a Cap-and-Trade Regime (2006)
Ellerman, A. Denny., Jacoby, Henry D., Zimmerman, Martin B.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Absolute vs. Intensity Limits for CO2 Emission Control: Performance Under Uncertainty (2006)
Sue Wing, Ian., Ellerman, A. Denny., Song, Jaemin.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Absolute vs. Intensity Limits for CO2 Emission Control: Performance Under Uncertainty (2006)
Sue Wing, Ian., Ellerman, A. Denny., Song, Jaemin.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
The paper provides a succinct and complete evaluation of the performance of the U.S. SO2 Cap-and-Trade Program and the literature pertaining thereto as of late 2002. This program was the first major...
New entrant and closure provisions : how do they distort? (2006)
As a person whose life began in England and ended in North America and who maintained academic affiliations in the United Kingdom, Canada and the U.S., Campbell Watkins had a fine appreciation for...
The allocation of European Union allowances : lessons, unifying themes and general principles (2006)
Buchner, Barbara, Carraro, Carlo, Ellerman, A. Denny
On January 1st, 2005, the EU Emissions Trading Scheme (EU ETS) scheme was officially launched, only two years after the European Council adopted the EU Emissions Trading Directive (European Community...
Ellerman, A. Denny, Buchner, Barbara
This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15,...
Ellerman, A. Denny, Buchner, Barbara
This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15,...
The allocation of European Union allowances : lessons, unifying themes and general principles (2006)
Buchner, Barbara, Carraro, Carlo, Ellerman, A. Denny
On January 1st, 2005, the EU Emissions Trading Scheme (EU ETS) scheme was officially launched, only two years after the European Council adopted the EU Emissions Trading Directive (European Community...
New entrant and closure provisions : how do they distort? (2006)
As a person whose life began in England and ended in North America and who maintained academic affiliations in the United Kingdom, Canada and the U.S., Campbell Watkins had a fine appreciation for...
Climate Change Taxes and Energy Efficiency in Japan (2005)
Kasahara, Satoru., Paltsev, Sergey., Reilly, John M., Jacoby, Henry D., Ellerman, A. Denny.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Climate Change Taxes and Energy Efficiency in Japan (2005)
Kasahara, Satoru., Paltsev, Sergey., Reilly, John M., Jacoby, Henry D., Ellerman, A. Denny.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
The efficiency and robustness of allowance banking in the U.S. Acid Rain Program (2005)
Ellerman, A. Denny, Montero, Juan-Pablo
This paper provides an empirical evaluation of the efficiency of allowance banking (i.e., abating more in early periods in order to abate less in later periods) in the nationwide market for sulfur...
The efficiency and robustness of allowance banking in the U.S. Acid Rain Program (2005)
Ellerman, A. Denny, Montero, Juan-Pablo
This paper provides an empirical evaluation of the efficiency of allowance banking (i.e., abating more in early periods in order to abate less in later periods) in the nationwide market for sulfur...
Sources of Emission Reductions: Evidence for US SO2 Emissions 1985-2002 (2004)
Ellerman, A. Denny, Dubroeucq, Florence
An enduring issue in environmental regulation is whether to clean up existing "old" plants or in some manner to bring in new "clean" plants to replace the old. In this paper, a unit-level data base...
The sources of emission reductions : evidence from U.S. SO₂ emissions from 1985-2002 (2004)
Ellerman, A. Denny, Dubroeucq, Florence
An enduring issue in environmental regulation is whether to clean up existing "old" plants or in some manner to bring in new ₃clean₄ plants to replace the old. In this paper, a unit-level data...
The sources of emission reductions : evidence from U.S. SO₂ emissions from 1985-2002 (2004)
Ellerman, A. Denny, Dubroeucq, Florence
An enduring issue in environmental regulation is whether to clean up existing "old" plants or in some manner to bring in new ₃clean₄ plants to replace the old. In this paper, a unit-level data...
Absolute vs. intensity-based emission caps (2003)
Ellerman, A. Denny., Sue Wing, Ian.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Absolute vs. intensity-based emission caps (2003)
Ellerman, A. Denny., Sue Wing, Ian.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Paltsev, Sergey., Reilly, John M., Jacoby, Henry D., Ellerman, A. Denny., Tay, Kok Hou.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Paltsev, Sergey., Reilly, John M., Jacoby, Henry D., Ellerman, A. Denny., Tay, Kok Hou.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Lessons form Phase 2 Compliance with the US Acid Rain Program (2003)
Lessons form Phase 2 Compliance with the US Acid Rain Program
Assessing the impact of carbon tax differentiation in the European Union (2003)
BABIKER, Mustafa H., CRIQUI, Patrick, ELLERMAN, A. Denny, REILLY, John M., VIGUIER, Laurent L.
Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program (2003)
The U.S. SO2 cap-and-trade program was established as a result of the enactment of the 1990 Clean Air Act Amendments (1990 CAAA) under the authority granted by Title IV, which included several...
Lessons from Phase 2 compliance with the U.S. Acid Rain Program (2003)
This paper provides preliminary answers to four questions concerning the behavior of agents operating under the SO2 Allowance Trading Program that could not be adequately answered until several...
Are cap-and-trade programs more environmentally effective than conventional regulation? (2003)
This paper considers the evidence and possible reasons that cap-and-trade programs are more effective in meeting environmental objectives than conventional prescriptive regulation. The evidence is...
Are cap-and-trade programs more environmentally effective than conventional regulation? (2003)
This paper considers the evidence and possible reasons that cap-and-trade programs are more effective in meeting environmental objectives than conventional prescriptive regulation. The evidence is...
Lessons from Phase 2 compliance with the U.S. Acid Rain Program (2003)
This paper provides preliminary answers to four questions concerning the behavior of agents operating under the SO2 Allowance Trading Program that could not be adequately answered until several...
Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program (2003)
The U.S. SO2 cap-and-trade program was established as a result of the enactment of the 1990 Clean Air Act Amendments (1990 CAAA) under the authority granted by Title IV, which included several...
The Temporal Efficiency of SO2 Emissions Trading (2002)
Ellerman, A. Denny, Montero, Juan-Pablo
The Temporal Efficiency of SO2 Emissions Trading
Analysis of the Bush proposal to reduce the SO₃ cap (2002)
This paper evaluates President Bush's recent proposal to reduce the cap on total SO2 emissions using a model of emissions banking that fits the experience so far under Title IV. It provides a brief...
The temporal efficiency of SO₂ emissions trading (2002)
Ellerman, A. Denny, Montero, Juan-Pablo
This paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide market for trading and banking sulfur dioxide (SO2) emission...
The temporal efficiency of SO₂ emissions trading (2002)
Ellerman, A. Denny, Montero, Juan-Pablo
This paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide market for trading and banking sulfur dioxide (SO2) emission...
Analysis of the Bush proposal to reduce the SO₃ cap (2002)
This paper evaluates President Bush's recent proposal to reduce the cap on total SO2 emissions using a model of emissions banking that fits the experience so far under Title IV. It provides a brief...
CO₂ abatement by multi-fueled electric utilities: an analysis based on Japanese data (2001)
Ellerman, A. Denny., Tsukada, Natsuki.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/)
CO₂ abatement by multi-fueled electric utilities: an analysis based on Japanese data (2001)
Ellerman, A. Denny., Tsukada, Natsuki.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/)
Considerations for designing a tradable permit system to control SO₂ emissions in China (2001)
Ellerman, A. Denny, Kan, Hongjun
As China's economy has grown, atmospheric pollution has become a greater problem and a matter of increasing concern to policymakers at all levels of government. One of the principal pollutants has...
Considerations for designing a tradable permit system to control SO₂ emissions in China (2001)
Ellerman, A. Denny, Kan, Hongjun
As China's economy has grown, atmospheric pollution has become a greater problem and a matter of increasing concern to policymakers at all levels of government. One of the principal pollutants has...
North Sea reserve appreciation, production, and depletion (1999)
Oil field "growth" has become a well-recognized phenomenon in mature, well-explored provinces such as the United States leading to the continual under-estimation in oil production forecasts. This...
North Sea reserve appreciation, production, and depletion (1999)
Oil field "growth" has become a well-recognized phenomenon in mature, well-explored provinces such as the United States leading to the continual under-estimation in oil production forecasts. This...
Obstacles to global CO₂ trading : a familiar problem (1998)
Includes bibliographical references (p. 12).
The effects on developing countries of the Kyoto Protocol and CO₂ emissions trading (1998)
Ellerman, A. Denny., Jacoby, Henry D., Decaux, Annelène.
Includes bibliographical references (p. 22-23).
The effects on developing countries of the Kyoto Protocol and CO₂ emissions trading (1998)
Ellerman, A. Denny., Jacoby, Henry D., Decaux, Annelène.
Includes bibliographical references (p. 22-23).
Obstacles to global CO₂ trading : a familiar problem (1998)
Includes bibliographical references (p. 12).
Analysis of post-Kyoto CO₂ emissions trading using marginal abatement curves (1998)
Ellerman, A. Denny., Decaux, Annelène.
Includes bibliographical references.
Analysis of post-Kyoto CO₂ emissions trading using marginal abatement curves (1998)
Ellerman, A. Denny., Decaux, Annelène.
Includes bibliographical references.
1996 update on compliance and emissions trading under the U.S. acid rain program (1998)
Ellerman, A. Denny, Joskow, Paul L., Schmalensee, Richard
November 1997This paper reports on the second year of compliance with the sulfur dioxide (SO2) emissions-reduction and -trading provisions of the Title IV of the 1990 Clean Air Act Amendments (CAAA)....
The cost of reducing utility S02 emissions : not as low as you might think (1998)
Smith, Anne E., Platt, Jeremy B., Ellerman, A. Denny
A common assertion in public policy discussions is that the cost of achieving the SO2 emissions reductions under the acid rain provisions of the Clean Air Act ("Title IV") has been only one-tenth or...
Montero, Juan-Pablo, Ellerman, A. Denny
The low price of allowances has been a frequently noted featured of the implementation of the sulfur dioxide emissions market of the U.S. Acid Rain Program. This paper presents theoretical and...
Natural gas pricing in the Northeastern U.S. (1998)
Gunnarshaug, Jasmin, Ellerman, A. Denny
This paper examines natural gas pricing at five citygate locations in the northeastern United States using daily and weekly price series for the years 1994-97. In particular, the effects of the...
Natural gas pricing in the Northeastern U.S. (1998)
Gunnarshaug, Jasmin, Ellerman, A. Denny
This paper examines natural gas pricing at five citygate locations in the northeastern United States using daily and weekly price series for the years 1994-97. In particular, the effects of the...
Montero, Juan-Pablo, Ellerman, A. Denny
The low price of allowances has been a frequently noted featured of the implementation of the sulfur dioxide emissions market of the U.S. Acid Rain Program. This paper presents theoretical and...
The cost of reducing utility S02 emissions : not as low as you might think (1998)
Smith, Anne E., Platt, Jeremy B., Ellerman, A. Denny
A common assertion in public policy discussions is that the cost of achieving the SO2 emissions reductions under the acid rain provisions of the Clean Air Act ("Title IV") has been only one-tenth or...
1996 update on compliance and emissions trading under the U.S. acid rain program (1998)
Ellerman, A. Denny, Joskow, Paul L., Schmalensee, Richard
November 1997This paper reports on the second year of compliance with the sulfur dioxide (SO2) emissions-reduction and -trading provisions of the Title IV of the 1990 Clean Air Act Amendments (CAAA)....
Economic assessment of CO₂ capture and disposal (1996)
Eckaus, Richard S., Jacoby, Henry D., Ellerman, A. Denny., Leung, Wing-Chi., Yang, Zili.
Includes bibliographical references (p. 16).
Economic assessment of CO₂ capture and disposal (1996)
Eckaus, Richard S., Jacoby, Henry D., Ellerman, A. Denny., Leung, Wing-Chi., Yang, Zili.
Includes bibliographical references (p. 16).
CO₂ emissions limits: economic adjustments and the distribution of burdens (1996)
Jacoby, Henry D., Eckaus, Richard S., Ellerman, A. Denny., Prinn, Ronald G., Reiner, David M., Yang, Zili.
Includes bibliographical references (p. 16).
CO₂ emissions limits: economic adjustments and the distribution of burdens (1996)
Jacoby, Henry D., Eckaus, Richard S., Ellerman, A. Denny., Prinn, Ronald G., Reiner, David M., Yang, Zili.
Includes bibliographical references (p. 16).
The effects on developing countries of the Kyoto Protocol and carbon dioxide emissions trading
Ellerman, A. Denny, Jacoby, Henry D., Decaux, Annelene
The trading of rights to emit carbon dioxide has not officially been sanctioned by the United Nations Framework Convention on Climate Change, but it is of interest to investigate the consequences,...
The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles
Buchner, Barbara, Carraro, Carlo, Ellerman, A Denny
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Barbara K. Buchner, Carlo Carraro, A. Denny Ellerman
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The...
Are cap-and-trade programs more environmentally effective than conventional regulation?
Market-based instruments (MBI’s) are advocated because of their presumed lower economic cost in comparison with conventional regulatory instruments. The environmental effectiveness of the MBI is...
Lessons from Phase 2 Compliance with the U.S. Acid Rain Program
The acid rain provisions of the 1990 Clean Air Act Amendments, included in Title IV, required fossil-fuel-fired electricity generating units to reduce sulfur dioxide (SO2) emissions by 50% in two...
New Entrant and Closure Provisions-How do they distort?
As a person whose life began in England and ended in North America and who maintained academic affiliations in the United Kingdom, Canada and the U.S., Campbell Watkins had a fine appreciation for...
Katherine C. Martin, Paul L. Joskow, A. Denny Ellerman
Due to variations in weather and atmospheric chemistry, the timing and location of nitrogen oxide (NOX) reductions determine their effectiveness in reducing ground-level ozone, which adversely...
Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005 Emissions Data
Barbara Buchner, A. Denny Ellerman
This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15,...
The Sources of Emission Reductions: Evidence from U.S. SO2 Emissions from 1985 through 2002
A. Denny Ellerman, Florence Dubroeucq
An enduring issue in environmental regulation is whether to clean up existing “old” plants or in some manner to bring in new “clean” plants to replace the old. In this paper, a unit-level...
The Efficiency and Robustness of Allowance Banking in the U.S. Acid Rain Program
A. Denny Ellerman, Juan-Pablo Montero
This paper provides an empirical evaluation of the efficiency of allowance banking (i.e., abating more in early periods in order to abate less in later periods) in the nationwide market for sulfur...
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Barbara Buchner, Carlo Carraro, A. Denny Ellerman
On January 1st, 2005, the EU Emissions Trading Scheme (EU ETS) scheme was officially launched, only two years after the European Council adopted the EU Emissions Trading Directive (European Community...
SHORT-TERM CO2 Abatement in the European Power Sector
Erik D. Delarue, A. Denny Ellerman, William D. D’haeseleer
This paper focuses on the possibilities for short term abatement in response to a CO2 price through fuel switching in the European power sector. The model E-Simulate is used to simulate the...
The Effects of Interactions between Federal and State Climate Policies
Meghan McGuinness, A. Denny Ellerman
In the absence of a federal policy to cap carbon emissions many states are moving forward with their own initiatives, which currently range from announcements of commitments to reduce greenhouse...
CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period
Meghan McGuinness, A. Denny Ellerman
This paper provides an empirical assessment of CO2 emissions abatement in the UK power sector during the trial period of the EU ETS. Using an econometrically estimated model of fuel switching, it...
Compliance Behavior in THE EU-ETS: Cross Border Trading, Banking and Borrowing
R. Trotignon, A. Denny Ellerman
This paper exploits a little used data resource within the central registry of the European Union’s Emissions Trading System (EU ETS) to analyze cross border flows of allowances for compliance...
The EU’s Emissions Trading Scheme: A Proto-Type Global System
The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical,...
A Top-down and Bottom-up look at Emissions Abatement in Germany in response to the EU ETS
A. Denny Ellerman, Stephan Feilhauer
This paper uses top-down trend analysis and a bottom-up power sector model to define upper and lower boundaries on abatement in Germany in the first phase of the EU Emissions Trading Scheme...
Mar Reguant, A. Denny Ellerman
In this paper, we test the Coase theorem in the context of carbon emissions trading. We investigate whether generating firms were influenced in their operational decisions by the initial amount of...
John E. Parsons, A. Denny Ellerman, Stephan Feilhauer
This is a speech given to the National Press Club, September 26, 2008 outlining the need for comprehensive reform of the electric power sector in the U.S. It outlines the centrality of the...
Designing a U.S. Market for CO
John E. Parsons, A. Denny Ellerman, Stephan Feilhauer
The United States may soon have a market for carbon. If so, that market will grow out of a cap-and-trade system like the EU's Emissions Trading System for CO2 or the U.S. Acid Rain Program for SO2....
A. Denny Ellerman, Nick Johnstone, Friedrich Schneider, Alexander F. Wagner, Juan-Pablo Montero, Johann Wackerbauer
Tradable Permits a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments Killing one Bird with two Stones. Tradable Permits Ten Key Design...
US Experience with Emissions Trading
Emissionshandel, Vereinigte Staaten, Emissions trading, United States
Allocation in the European Emissions Trading Scheme
Ellerman,A. Denny, Buchner,Barbara K., Carraro,Carlo
A critical issue in dealing with climate change is deciding who has a right to emit carbon dioxide. Allocation in the European Emissions Trading Scheme provides the first in-depth description and...
Ellerman,A. Denny, Joskow,Paul L., Schmalensee,Richard, Montero,Juan-Pablo, Bailey Elizabeth M.
A comprehensive description and evaluation of the first three years of the U.S. Acid Rain Program. This environmental control program is the world’s first large-scale use of a tradeable emission...
Ellerman,A. Denny, Joskow,Paul L., Schmalensee,Richard, Montero,Juan-Pablo, Bailey Elizabeth M.
A comprehensive description and evaluation of the first three years of the U.S. Acid Rain Program. This environmental control program is the world’s first large-scale use of a tradeable emission...
Supplementarity: An Invitation to Monopsony?
A. Denny Ellerman, Ian Sue Wing
Article 17 of the Kyoto Protocol allows Annex B parties to meet their greenhouse gas emissions commitments by emissions trading so long as such trading is "supplemental" to domestic abatement...
The Efficiency and Robustness of Allowance Banking in the U.S. Acid Rain Program
A. Denny Ellerman, Juan-Pablo Montero
This paper provides an empirical evaluation of the efficiency of allowance banking in the nationwide market for sulfur dioxide (SO2) emission allowances that was created by the U.S. Acid Rain...
The Next Restructuring: Environmental Regulation
From oil, to natural gas, and now electricity, the regulation of energy markets has been successively restructured to allow greater scope to market forces. The likely next domain for restructuring,...
CO2 Emissions Limits: Economic Adjustments and the Distribution of Burdens
Henry D. Jacoby, Richard S. Eckaus, A. Denny Ellerman, Ronald G. Prinn, David M. Reiner, Zili Yang
Policies under consideration within the Climate Convention would impose CO2 controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate...
New Entrant and Closure Provisions: How do they Distort?
Provisions to endow new entrants with free allowances and to require closed facilities to forfeit allowance endowments are ubiquitous in the EU Emissions Trading Scheme, but a new design feature in...