Resources for the Future Suggests Consignment Auction for Carbon Trading

View on SNL Financial website

Date

June 3, 2016

News Type

Media Highlight

Source

SNL Financial

"But Resources for the Future, in a new paper, pitched a different option for states to consider: a revenue-neutral consignment auction that requires the owners of free allowances to sell them and repurchase what they need for compliance. The nonpartisan think tank said this approach ensures that all available allowances enter the market. 'In doing so, it improves the functioning of the market by improving the ability of firms to recognize and act upon the least expensive opportunities for compliance,' wrote Dallas Burtraw, the Darius Gaskins Senior Fellow at RFF, in a June 2 blog post."

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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.

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