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1 janvier 1998
- handle: 10670/1.fia1e1
- hal: hal-00622840
info:eu-repo/semantics/OpenAccess
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Olivier Godard et al., « The economic design of a potential tradable permit system for SO2 emissions in the European Union », HAL-SHS : économie et finance, ID : 10670/1.fia1e1
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This paper contains two main parts. The first develops the issues of the European acid policy, and sets out the general background of the related regulatory regime. It also gives an overview of the theoretical and actual features of emissions trading mechanisms. It then considers the potential attractiveness of SO2 trading in the EU. This background throws light on the more specific analyses and proposals described in the second part of the paper, which is devoted to a presentation of possible frameworks for SO2 trading in the power generation sector in the EU. In section 2.1., we look at some key design variables. In section 2.2., we present three alternative ways of designing a trading scheme. In section 2.3., we consider specific issues related to zoning and scaling.