Catch-quota balancing in multispecies individual fishing quotas

Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies fisheries. Using on-the-ground-experience with multispecies IFQ fisheries in Iceland, New Zealand, Australia, and Canada, we assess the design and use of catch-quota balancing mechanisms. Our methodology includes a mix of interviews with fishery managers, industry representatives, and brokers, literature review, and data analysis. We find that a combination of incentives and limits on use rates for the mechanisms provide sufficient flexibility to the quota owner without the fishery manager incurring excessive levels of overexploitation risk. Contrary to some opinions, these programs are evidence that it is possible to implement IFQ programs for multispecies fisheries and that they can be profitable and sustainable.     

Money for nothin’ and coal for free: ‘Technology neutrality’ and biomass development under the Flemish tradable green certificate scheme

Recent literature has highlighted the creation of multiple equivalences as an important factor underpinning the rise of market-based mechanisms for environmental regulation. Extending these insights into the field of renewable energy policy, this article focuses on one example of this trend – namely the principle of technology neutrality as applied under the Flemish tradable green certificate scheme – and analyzes the concrete ways in which it has shaped the evolution of the Flemish renewable energy landscape. Concretely, the article shows that technology neutrality played a key role in promoting the uptake of biomass combustion in old coal power plants in Flanders, which led to a number of undesirable outcomes and gave rise to significant opposition. Correcting these shortcomings required a number of policy interventions on the part of the Flemish government that fundamentally moved the scheme away from the principle of technology neutrality and towards a more hybrid RE support system, suggesting that the promotion of technology neutrality was fundamentally misguided. Together with similar experiences from related market-based instruments, this suggests that the promotion of technology neutrality has far-reaching implications for the environmental effectiveness of climate and energy policies. In light of the continued promotion of the principle, the article calls for full recognition of the inherent technological choices that are being made through the promotion of policies that purport to be technology-neutral.     

Managing shark fishermen in southern Australia: A critique

This paper analyses effects of a shift from input to output controls in Australia's Southern Shark Fishery. We show that the use of two management tools—individual transferable quotas and a “partnership approach”—was flawed and argue that primary contributing causes were the unjustified expectation that quota management would serve as a ‘technical fix’ to a variety of presumed problems, the discounting of social effects and the extreme lack of stability in the organizational structure within which this fishery was situated.     

Renewable energy strategies in England, Australia and New Zealand

The development of renewable energy sources is of prime interest to many countries seeking to pursue greenhouse gas emission reduction obligations. The increased use of renewables offers the possibility of not only contributing to emission reduction, but at the same time improving energy supply diversity and security, and developing employment and business in related supply industries. Two main mechanisms are in common use, one a quota (quantity) instrument often associated with tradable certificates, and the other a prescribed pricing mechanism. This paper considers the renewable energy development strategies of three countries (the UK, Australia, and New Zealand) all using a variant of the quota/certificate approach as the central instrument in their programs. The regulatory frameworks defining the application of the certificate systems differ notably, and the likely differing outcomes suggest that these regulatory settings may be at least as important as the selection of the basic policy instrument, in determining the overall success of programs of this nature.     

流域水资源初始产权界定初探一以黑河流域中游为例

随着水资源短缺程度的加剧,可交易水权制度逐渐成为当今世界水资源管理制度发展的新方向.水资源初始产权是水资源管理的基础和前提.在干旱区内陆河流域,产权初始配置要在生态环境可持续的前提下,坚持公平、效益相结合的分配目标和配置原则.通过建立初始水权配置指标体系,对黑河流域进行实地问卷调查,在此基础上对用户调查结果进行专家判断修正,应用层次分析法研究了各分配指标的权重分布.以黑河流域张掖地区为例的界定结果表明,除上游的肃南县和山丹县外,其余各县市的实际用水量都超过了各自界定的初始水权,这种差别为水资源产权交易管理提供了现实依据,为开展流域上游的生态保护补偿提供了理论基础.     

Benefits from increased cooperation and energy trade under CO2 commitments—The Nordic case

In this paper, benefits from increasing cross-border cooperation under future CO₂ commitments in the Nordic countries are examined and evaluated. Four cooperative strategies are analyzed and valued separately: cross-border electricity trade, cross-border emission-permit trade, the introduction of a trans-Nordic natural gas transmission grid, and, finally, utilization of all these three strategies simultaneously. The valuation is done under varying CO₂ commitments and under three different scenarios for future energy demand and technological development. In conducting this analysis, the energy-systems model-generator MARKAL (MARKet ALlocation) was used to model the Nordic energy system. It is shown that all cooperative strategies do lower the abatement costs considerably, especially if the strategy including full cooperation is utilized. In this case, additional costs from meeting CO₂ targets may be at least halved for commitments less than 10% reduction until 2050 based on emissions in 1995. No significant difference between low and high CO₂ commitments could be observed in the size of the benefits from cooperation, expressed in billions (10⁹) of Swedish crowns. Benefits from cooperation are generally larger for scenarios including relatively higher future energy demand.     

A no cap but trade proposal for emission targets

One problem in international climate policy is the refusal of large developing countries to accept emission reduction targets. Brazil, China and India together account for about 20% of today's CO₂ emissions. We analyse the case in which there is no international agreement on emission reduction targets, but countries do have domestic targets, and trade permits across borders. We contrast two scenarios. In one scenario, Brazil, China and India adopt their business as usual emissions as their target. In this scenario, there are substantial exports of emission permits from developing to developed countries, and substantial economic gains for all. In the second scenario, Brazil, China and India reduce their emissions target so that they have no net economic gain from permit trade. Here, developing countries do not accept responsibility for climate change (as they bear no net costs), but they do contribute to an emission reduction policy by refusing to make money out of it. Adopting such break-even targets can be done at minor cost to developed and developing countries (roughly $2 bn/year each in extra costs and forgone benefits), while developing countries are still slightly better off than in the case without international emissions trade. This result is robust to variations in scenarios and parameters. It contrasts with Stewart and Wiener (2003) who propose granting ‘hot air’ to developing countries to seduce them to accept targets. In 2020, China and India could reduce their emissions by some 10% from the baseline without net economic costs.     

Tradable permit programs: What are the lessons for the new Alaska halibut catch sharing plan?

To address long-standing allocation conflicts between the Pacific halibut commercial fishing sector and recreational charter (for-hire) sector in Alaska, an Alaska halibut catch sharing plan (CSP) is being implemented in 2014 that has a provision allowing the leasing of commercial individual fishing quota to recreational charter businesses. This one-way inter-sectoral trading allows for the charter sector to increase its share of the total allowable catch while compensating commercial fishermen. This type of catch shares program is novel in fisheries. In this paper, the literature on non-fisheries tradable permit programs (TPPs) that have similarities to the Alaska halibut CSP program is examined. Several successful TPPs are discussed, including ones from emissions trading programs, water quality trading programs, water markets, and transferable development rights programs. They are then evaluated in terms of their similarities and differences to the Alaska CSP program. Characteristics not part of the current CSP that other TPPs have used and that may increase the likelihood for the CSP to be effective in achieving its primary goals (if they are implemented) are identified, such as allowing more flexible transfers (e.g., internal transfers), intertemporal banking, cooperative structures, and multi-year leasing.     

Anglo-Saxon and German approaches to neoliberalism and environmental policy: The case of financing renewable energy

‘Renewable electricity certificate’ trading systems that have been established to promote renewable energy in the UK are a form of neoliberal environmental governance introduced to assimilate environmental objectives with neoliberal hegemony. However, in this case, neoliberal ideological objectives have not been translated into practice since the British Renewable Obligation is not performing as efficiently as its proponents hoped. By contrast, so-called ‘Renewable Energy Feed-in Tariff’ (REFIT) systems which involve the fixing of tariffs for renewable energy by governmental intervention, are regarded as producing more efficient outcomes. The use of the REFIT system in Germany is associated with an institutional tradition that places emphasis on giving competitive opportunities to new market entrants in order to break up concentrations of market power by incumbents.     

排污权分配对污染治理技术创新的影响分析

为达到在交易成本框架下分析厂商的技术创新行为,通过分析拍卖、免费发放以及按产量比例分配的3种排污权分配方式对污染治理技术创新的影响,结果表明,3种分配方式的创新激励并没有一致的大小关系,而是受污染物削减成本函数、厂商数目以及给定的技术模仿系数等因素的影响并建议在进行排污权分配时,根据我国国情,把几种分配方式结合起来,这可以使排污权交易不仅顺利进行,而且会更好的激励排污厂商进行污染治理技术创新。