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dc.contributor.authorHoltsmark, Bjartnb_NO
dc.contributor.authorMæstad, Ottarnb_NO
dc.date.accessioned2014-03-17T14:31:30Z
dc.date.available2014-03-17T14:31:30Z
dc.date.issued2000nb_NO
dc.identifier.issn0504-452Xnb_NO
dc.identifier.urihttp://hdl.handle.net/11250/192394
dc.description.abstractThe consequences of the Kyoto Protocol for the fossil fuel markets depend on which policy instruments that are used in order to reach the emission targets. This paper uses a numerical model to assess the significance of international emission trading for the oil, coal and gas markets. Three different trading regimes are compared. Particular attention is devoted to the EU proposal about limits on acquisitions and transfers of emission permits. We find that the EU proposal will be non-binding for buyers of emission permits but will significantly constrain the sale of emission permits from Eastern Europe. The EU proposal will increase the level of abatement in Annex B countries and will cause a sharp increase in the price of permits compared to the free trade equilibrium.nb_NO
dc.language.isoengnb_NO
dc.publisherCICERO Center for International Climate and Environmental Research - Oslonb_NO
dc.relation.ispartofCICERO Working Papernb_NO
dc.relation.ispartofseriesCICERO Working Paper;2000:10nb_NO
dc.titleThe Kyoto Protocol and the fossil fuel markets under different emission trading regimesnb_NO
dc.typeWorking papernb_NO
dc.source.pagenumbernb_NO


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