Comments on: One year after the Garnaut Climate Change Review http://www.eastasiaforum.org/2009/09/21/one-year-after-the-garnaut-climate-change-review/ Economics, Politics and Public Policy in East Asia and the Pacific Sun, 12 Feb 2012 22:50:38 +0000 hourly 1 http://wordpress.org/?v=3.2 By: hchttp://www.eastasiaforum.org/2009/09/21/one-year-after-the-garnaut-climate-change-review/comment-page-1/#comment-60179 hc Tue, 22 Sep 2009 09:08:10 +0000 http://www.eastasiaforum.org/?p=7071#comment-60179 Lincoln, How would free trade in emissions permits work if every country set their own tax? Or do you mean that you set a uniform international tax and then allow trade at that price? I doubt that will work either because excess demands and excess supplies of permits will arise. Do you understand how an ETS works - its trade in permits where markets determine the price. I thought Ross Garnaut's talk was ther best I have heard for a long time. Balanced, very sensible and good-humoured. I've set it for my environmental economics students as required listening. Lincoln, How would free trade in emissions permits work if every country set their own tax? Or do you mean that you set a uniform international tax and then allow trade at that price? I doubt that will work either because excess demands and excess supplies of permits will arise. Do you understand how an ETS works – its trade in permits where markets determine the price.

I thought Ross Garnaut’s talk was ther best I have heard for a long time. Balanced, very sensible and good-humoured. I’ve set it for my environmental economics students as required listening.

]]> By: Lincoln Funghttp://www.eastasiaforum.org/2009/09/21/one-year-after-the-garnaut-climate-change-review/comment-page-1/#comment-59744 Lincoln Fung Sun, 20 Sep 2009 23:57:12 +0000 http://www.eastasiaforum.org/?p=7071#comment-59744 The idea of equal per capita emissions entitlement is excellent. I would think that a global specific tax on carbon and an international emissions trading scheme are the next main ingredients for a successful international agreement. ETS in a country seems having more disadvantages than advantages. The idea of equal per capita emissions entitlement is excellent.
I would think that a global specific tax on carbon and an international emissions trading scheme are the next main ingredients for a successful international agreement.
ETS in a country seems having more disadvantages than advantages.

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