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SUMMARY:Air Pollution Trading on the European Carbon Market - Laure de Pre
 ux\, Associate Professor\, Imperial College Business School
DTSTART:20251015T130000Z
DTEND:20251015T140000Z
UID:TALK238708@talks.cam.ac.uk
CONTACT:132949
DESCRIPTION:Joint work with Professor Ulrich Wagner and Dr Dana Kassem.\n\
 nMarket-based climate policy decentralises abatement decisions via a carbo
 n price\, for example\, by establishing a permit market for CO₂ emission
 s. Since CO₂ emissions are often released jointly with conventional air 
 pollutants\, CO₂ permit trades give rise to implicit trades in various c
 o-pollutants. Unlike CO₂\, these co-pollutants are not traded on a tonne
 -for-tonne basis\, yet they have local environmental impacts. Depending on
  the spatial distribution of emitters and exposed populations\, this can l
 ead to undesirable outcomes. We develop an empirical framework to measure 
 air-pollution trades and evaluate their economic consequences. We apply th
 is framework to provide the first estimates of the welfare and distributio
 nal effects of co-pollutant trades on the European carbon market.
LOCATION:W4.03\, Cambridge Judge Business School
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