Is Trade in Permits Good for the Environment?

Lapan, Harvey E.; Sikdar, Shiva

doi:10.1007/s10640-017-0202-z

Cited by 9 publications

(4 citation statements)

References 19 publications

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“…Baksi (2014) extends his analysis, allowing for transboundary pollution which creates a bias in favor of regional agreements versus multilateral ones. Lapan and Sikdar (2019) find that internationally tradable permits lead to higher pollution compared to non-tradable permits in the case where there is intraindustry trade in goods along with trade in emissions permits and countries strategically choose environmental policies. Antoniou et al (2014) show that this race to the bottom may even be reversed if the two exporting countries are linked through a permits market.…”

Section: Related Literaturementioning

confidence: 90%

On the Strategic Effect of International Permits Trading on Local Pollution

Antoniou

Kyriakopoulou

2019

Environ Resource Econ

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We introduce a model of strategic environmental policy where two firms compete à la Cournot in a third market in the presence of multiple pollutants. Two types of pollutants are introduced: a local and a transboundary one. The regulator can only control local pollution as transboundary pollution is regulated internationally. We illustrate that when transboundary pollution is regulated through the use of tradable emission permits instead of non-tradable ones then a new strategic effect appears which has not been identified thus far. In this case, local pollution increases further. We caution that linking permit markets across regions may be welfare detrimental. We also provide evidence from the implementation of EU ETS over the pollution of particulate matters (PM 10 and PM 2.5).

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Section: Related Literaturementioning

confidence: 90%

On the Strategic Effect of International Permits Trading on Local Pollution

Antoniou

Kyriakopoulou

2019

Environ Resource Econ

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“…Without a doubt, humans seem to be taking the wrong approach to solving this global environmental problem. Enterprise-induced production activities are mainly responsible for global climate change and environmental pollution 10,11 , yet the carbon emission trade and/or carbon tax-based approach to addressing climate change has recently been criticized because it may exacerbate the issue [12][13][14][15][16] . The fact is that carbon emissions trade is insufficient to help combat CO2 emissions reduction, and is even a legal excuse for enterprises to increase exploitation and make environmental pollution worse.…”

Section: Aisdlmentioning

confidence: 99%

Environmental cultural value and global environmental change: By nature, of nature, for nature

Khuc¹,

Vuong²

2020

Preprint

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Global climate change gives rise to a growing threat of extinction to mankind, yet the current approach and solutions have appeared to be insufficient to combat it effectively. We have critically reviewed and discussed the solutions pathways for the problem. Our key message in this short paper is that enterprises solely cause global environmental problems but underestimating their role in solving the problem could be a terrible mistake since they have a great amount of potential to solve the environmental problem. We nominate the environmental cultural value as the 11th human-culture because it can shape human progress towards “environmentalism”. The new environmental cultural value includes two mutually interacting attributes. First, money cannot trade for environmental deficits. Second, environmental embellishment value needs to become a new “measure of profit”, priced at least on par with monetary value. Perceiving and agreeing to the new environmental cultural values-based approach is hard, but vital. We confirm that the environmental cultural value transition and or transformation in enterprises may take time and request several mutually interacting conditions such as gracious and receptive attitude, no prejudice, big vision, and common interests. The insights of this paper could illustrate some policy implications to engage and harness incorporates imbued with the environmental cultural values for addressing global environmental climate change.

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“…On the one hand, some researchers have noted an appropriate carbon tax level can push enterprises toward pursuing long-term emission reduction [36]. On the other hand, other researchers have noted that the mechanism has exacerbated the issue instead [37][38][39][40]. In this context, is carbon emissions trade insufficient to help reduce the global CO2 emissions, or is this a legal excuse for enterprises to increase exploitation and further polluting the environment?…”

Section: Enterprise As a Key Actormentioning

confidence: 99%

Toward a new paradigm of environmentally friendly cultural values

Khuc¹,

Ho²,

Nguyen³

et al. 2020

Preprint

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Climate change gives rise to a growing threat of extinction to humankind, yet the current approach and solutions appear insufficient in addressing it effectively. This paper presents a critical review of the climate crisis and current approaches, highlighting how misguided would it be to exclude enterprises—the primary drivers of the climate problems—from top-down policy-making. In assessing the different core cultural values of environment-damaging and environment-protecting enterprises, the authors suggest embracing a new paradigm of environmentally-friendly cultural values. The new paradigm, which calls for a process of identifying, transforming, and synthesizing a set of core cultural values, serves as the cornerstone of the whole system and aims to shift the core cultural value from “exploitation” to “construction.” As environmentally-friendly cultural values can shape human progress away from capitalism/monetarism and toward environmentalism, it could be added to Harrison and Huntington’s (2001) list of human cultures as the 11th value. The paradigm comprises two mutually interacting attributes: (i) money cannot trade for environmental deficits, and (ii) environmental embellishment value needs to become a new “measure of profit,” priced at least on par with monetary value. The insights carry serious implications for policy-makers in engaging enterprises in the fight for a more habitable and sustainable planet.

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Is Trade in Permits Good for the Environment?

Cited by 9 publications

References 19 publications

On the Strategic Effect of International Permits Trading on Local Pollution

On the Strategic Effect of International Permits Trading on Local Pollution

Environmental cultural value and global environmental change: By nature, of nature, for nature

Toward a new paradigm of environmentally friendly cultural values

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