1. Auction vs. Allocation:  Distributing Emission Credits Under a Cap-and-Trade System
Jason Bordoff, Policy Director
Hamilton Project, Brookings Institution
April 9, 2008
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2. Economic Impact of Market Climate Policy
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3. Source: Fischer and Newell (2007)
Economic Cost of Various Climate Policies Electricity-sector specific policies resulting in 5% emissions reductions
Source: Fischer and Newell (2007)
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4. Auctioning
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5. Auctioning
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6. Auctioning
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7. Auctioning
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8. Auctioning
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9. Auctioning
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10. Auctioning
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11. Free Distribution
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12. Free Distribution
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13. Free Distribution
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14. Free Distribution
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15. Free Distribution
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16. Electricity prices respond regardless of auction vs allocation
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17. Distributional Impact of Carbon Tax
Source: Metcalf (2007)
Source: Metcalf (2007)
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18. Distributional Impact of Carbon Tax and Rebate
Source: Metcalf (2007)
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