The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances

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Date

June 1, 2002

Authors

Dallas Burtraw, Karen Palmer, Ranjit Bharvirkar, and Anthony Paul

Publication

Journal Article

Reading time

1 minute

Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.

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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances

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Topics

Authors

Dallas Burtraw

Darius Gaskins Senior Fellow

Dallas Burtraw is the Darius Gaskins Senior Fellow at RFF. Burtraw’s research includes analysis of the distributional and regional consequences of climate policy and the evolution of electricity markets, including renewables integration.

Karen Palmer

Senior Fellow

Karen Palmer is a senior fellow at Resources for the Future and an expert on the economics of environmental, climate and public utility regulation of the electric power sector.

Ranjit Bharvirkar

Anthony Paul

Fellow

Anthony Paul

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