publication . Preprint . Other literature type . 2006

Emissions trading to combat climate change: The impact of scheme design on transaction costs

Betz, Regina; Betz, Regina;
Open Access
  • Published: 01 Jan 2006
Abstract
This paper explores the likely impact of emissions trading design on transaction costs. Transaction costs include both the costs for the private sector to comply with the scheme rules and the costs of scheme administration. In economic theory transaction costs are often assumed to be zero. But transaction costs are real costs and there is no reason for treating them differently to other costs. Thus, in setting up an emissions trading scheme, transaction costs have to be taken into account in order to recommend a cost efficient design. In this paper, we compare transaction costs of different schemes such as the European Emissions Trading Scheme and the Clean Deve...
Subjects
free text keywords: Climate policy, emission trading, transaction costs, New institutional Economics, European Emissions Trading Scheme, Clean Development Mechanism, Environmental Economics and Policy, International Relations/Trade, Resource /Energy Economics and Policy,, Environmental Economics and Policy, International Relations/Trade, Resource /Energy Economics and Policy, Climate policy, emission trading, transaction costs, New institutional Economics, European Emissions Trading Scheme, Clean Development Mechanism
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publication . Preprint . Other literature type . 2006

Emissions trading to combat climate change: The impact of scheme design on transaction costs

Betz, Regina; Betz, Regina;