Another call to auction CO2 permits
This time from academic economists at Oxford University.
“A study co-authored by Robert Ritz of Nuffield College, to be presented to the Royal Economic Society’s annual conference next week, said the plan to auction up to 10 per cent of the allowances in 2008-2012, with the rest distributed to companies free, amounted to a substantial subsidy.
. . .
The study argues that auctioning off permits in the second phase could be done without affecting profits and would also raise substantial government revenue.”