英文摘要 |
In order to provide more flexibility of pollution control for firms under tradable permit systems, many trading programs have the banking design. However, the design would cause higher environment quality variations. It means that a tradeoff exists between the flexibility of emission control and the environmental quality stability under permit banking. Therefore, many programs have applied the saving coefficients to restrict the amount of banked permits that can be carried for the future use. The study builds an economic model that does not require a systematic relationship among each saving coefficient to analyze how different banking rules might affect the environmental stability and total abatement costs in Taiwan. Using the Sulfur Oxide control in the Kao-hsiung and Ping-tung areas as an empirical example, the simulation results show that the proposed banking rules by Taiwan and the banking rules currently adopted by other countries all only have minor impacts on the environmental stability when the regulation standard is low. Thus, we should use the rules from the Acid Rain Trading Program which imposes no penalty on the banked permits to reach the lowest total abatement costs while offering the highest emission control flexibility at this stage. When the standards are more strict, we should follow the rules by the Emission Reduction Market System in Chicago which let the permits banked for only one year. It also implies that the current rules proposed by the Taiwan government do not perform well both in terms of the emission control flexibility and the environmental stability. |