Although Cap & Trade schemes may seem rational, they have one extremely difficult problem; how to determine a fair and acceptable allowance (upper limit) for each participant.For the purpose of overcoming this problem, three proposals are made in this article.The first proposal is that every year the central government allocates a year's worth of emission credits to each participant at a fixed price. The second proposal is to define the accounting procedures to be used by manufacturers or consuming participants in a way thato enables them to tracethat allows the close relationship between the level of greenhouse gas emissions and the costs accrued by their business activities. The third proposal is to make the emission credits allocated by the government subject to expiry within a period of several years.If the government adopts all the three proposals as a set, the problem inherent in C&T schemes can be solved.For details to another article (English version), "Overcoming the Problems Inherent in Cap & Trade Programs: Proposals for a New Emissions Trading System Based on the Experience of the Reitaku University Model," printed in this volume of Reitaku International Journal.
新たな排出量取引制度の提唱:キャップ&トレードの限界を回避する仕組み
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