Konferenzbeitrag
Modelling, Compliance, and Permit Trading Under Big Uncertainties in Reporting: Greenhouse Gases Case1
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Datum
2005
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Masaryk University Brno
Zusammenfassung
In this paper we address the problem of proving compliance and emission trading with high uncertainties of greenhouse gas inventories reported within the Kyoto Protocol. We introduce a risk of noncompliance and transfer this notion into emission trading framework constructing a market with effective emission permits reflecting participants’ inventory quality. A simulation of the market is performed. We discuss uncertainty distribution modelled within interval, stochastic and fuzzy settings.