Australia’s pivotal Garnaut climate report to back 100 percent permit auctions 5

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1. 

   LGT Posted 6:57 pm
   20 Mar 2008

   Everything thtat can go wrong . . .When economics becomes a science and an economics professor becomes a "climate change reviewer," you know instinctively everything that can go wrong, will go wrong because they have good reasons to!
   Sign Murray Darling Basin Petition
   
   Link posted at:
   
   http://feww.wordpress.com/2008/03/21/murray-darling-river ...

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2. 

   Alison Wiley Posted 12:16 am
   21 Mar 2008

   Sterner and SternerGood to hear that Australia is getting as serious as this about addressing global warming. I live and work in Oregon, U.S.A., which state recently issued a Climate Change Integration Report that calls for aggressive action to reduce emissions. It's focusing especially on transportation and land use, since the low-hanging fruit around energy and green buildings is already being harvested (at least in our state). Come read more at http://alison97215.wordpress.com/
   
   best,
   
   Alison

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3. 

   Gar Lipow Posted 4:14 am
   21 Mar 2008

   Please stop calling 100% auction Cap & Trade100% auction, unless implemented extraordinarily badly has almost no trade. If all permits are auctioned for the most part people will buy permits as needed. Yes, there may be some resale both as a matter of hedging and convenience, but without massive giveaways, trade will be minor compared to direct purchase.

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4. 

   sindark Posted 12:56 pm
   21 Mar 2008

   InterimThis interim review is primarily meant as a means of starting the discussion. They will be holding public meetings and doing a lot more detailed work.
   It will be very interesting to see the conclusions of the final report.
   
   a sibilant intake of breath

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5. 

   PJD Posted 4:37 pm
   24 Mar 2008

   Which AuctionGar...
   There are a lot of different ways of doing auctions... ones like they use for airwave spectrum in the U.S. in multiple rounds, or Dutch auctions, or ?  Business studies have been done showing some tend to yield more revenue for the seller whereas others tend to favor the buyer.
   Under certain auction regimes one could certainly imagine a lot of trading going on after the auction.
   A "Dutch" auction would seem possibly to lead to less trading and less opportunity for "traders" to profit from the system without contributing anything useful... though it might lower the revenue collected.
   I've always been skeptical of 100% auctioning.
   Are there some of the proponents of 100% auction that could speak to which auction scheme they like and why?  Which scheme for the auction and what restrictions on the participants if any?

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