An introduction to personal carbon trading

Fawcett, Tina; Parag, Yael

doi:10.3763/cpol.2010.0649

Cited by 80 publications

(40 citation statements)

References 9 publications

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“…Because of more agents participating in the market, the carbon market for the PCT is much thicker than that for an upstream trading scheme. Fawcett and Parag [] argued that the greater engagement of agents may be necessary for delivering the systemic change required to achieve a low‐carbon society.…”

Section: Introductionmentioning

confidence: 99%

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Energy‐use Choices and Allowance Trading Under the Personal Carbon Trading Scheme

Fan

Wang

et al. 2015

Natural Resource Modeling

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Abstract. Carbon emissions caused by the household sector have become a major contributor to total emissions. Personal carbon trading (PCT), although untested in practice, could potentially be a powerful tool to induce change in consumer behavior. In this paper, we present an optimization model to determine the energy use choices and allowance trading, and a market equilibrium model to obtain the total supply and demand functions of allowances and then to derive the equilibrium allowance price. It is shown that the level of allocated allowance, energy price, emission rate, and transaction costs could influence the equilibrium allowance price and traded volume. Furthermore, the allowance price is affected negatively and slightly by changes in energy prices, so the total energy price variations will be lessened relatively in the PCT scheme. To further demonstrate these relationships, numerical simulations are conducted. On the basis of the simulation results, the implications of this study are discussed and suggestions for future study are provided.

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Section: Introductionmentioning

confidence: 99%

“…Although no one is compelled to sell or buy allowances in this system, one could improve his utility if he chooses to do so. In fact, the PCT scheme could engage consumers directly in trading, lead to changes in consumer behavior and deliver necessary environmental benefits (Fawcett and Parag [], Harwatt et al []).…”

Section: Introductionmentioning

confidence: 99%

Energy‐use Choices and Allowance Trading Under the Personal Carbon Trading Scheme

Fan

Wang

et al. 2015

Natural Resource Modeling

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“…Most of these studies focus on aggregate level analysis of behavioral change and they do not capture the changes in travel decisions or patterns at household or individual level. Additionally, the data used are obtained in the form of either opinions or responses from questionnaire based surveys (Capstick and Lewis, 2010;Fawcett and Parag, 2010;Bristow et al, 2010).…”

Section: Research Goalsmentioning

confidence: 99%

Understanding short-term travel behavior under personal mobility credit allowance scheme using experimental economics

Aziz

Ukkusuri

Romero

2015

Transportation Research Part D: Transport and Environment

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“…Different PCT schemes have been proposed in the UK and elsewhere in the last two decades (for reviews, see Roberts and Thumim, 2006;Fawcett and Parag, 2010). Some of these proposed schemes are more developed and detailed, e.g.…”

Section: Introductionmentioning

confidence: 97%

Barriers to personal carbon trading in the policy arena

Parag

Eyre

2010

Climate Policy

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Theories of the policy process are used to identify existing and possible future barriers to personal carbon trading (PCT) in the political and policy arenas. PCT is a policy invention, i.e. a policy that does not yet exist anywhere and therefore is perceived as risky by many. It faces more barriers than 'conventional' new policies. Obstacles to PCT are examined at the policy stages of agenda-setting, problem definition, and policy decision. The article highlights the political nature of policy-making, considers how PCT might be kept in the 'pool' from which policy instruments are chosen, and elaborates the changes that would be needed in the core values and beliefs currently dominating decision-making forums. Les éventuels obstacles présents et futurs à l'échange de carbone individuel « Personal Carbon Trading » (PCT) dans les arènes politiques et règlementaires sont identifiés à l'aide des théories sur le processus de formulation de politiques. Le PCT est une invention politique, c'est-à-dire une politique qui n'existe nulle part ailleurs. Cependant elle est conçue par beaucoup comme étant une politique à risque exposée à davantage d'obstacles comparé aux nouvelles politiques « conventionnelles ». Les obstacles à la formulation d'une politique sur le PCT sont examinés aux différentsstades de: formulation de l'échéancier; définition du problème; et prise de décision. Ce papier souligne la nature politique de l'élaboration des politiques, examine la manière dont le PCT pourrait être maintenu dans le commun duquel ressortent les instruments politiques habituels, et explique les changements de valeurs et de conceptions requis au sein de ceux régnant actuellement dans les forums de prises de décisions.Mots clés: barrières à la formulation de politiques; echange de carbone individuel; établir un échéancier; gouvernance; processus de formulation des politiques; réduction des émissions de GES

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An introduction to personal carbon trading

Cited by 80 publications

References 9 publications

Energy‐use Choices and Allowance Trading Under the Personal Carbon Trading Scheme

Energy‐use Choices and Allowance Trading Under the Personal Carbon Trading Scheme

Understanding short-term travel behavior under personal mobility credit allowance scheme using experimental economics

Barriers to personal carbon trading in the policy arena

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