Lessons Learned from Three Decades of Experience with Cap-and-Trade

Richard Schmalensee and Robert Stavins

No 21742, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists, and draws a number of important lessons for future applications of this environmental policy instrument. References to a larger number of other emissions trading programs that have been implemented or proposed are included

JEL-codes: Q40 Q48 Q54 Q58 (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-ene, nep-his, nep-reg and nep-res
Note: EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Published as Richard Schmalensee & Robert N. Stavins, 2017. "Lessons Learned from Three Decades of Experience with Cap and Trade," Review of Environmental Economics and Policy, vol 11(1), pages 59-79.

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Related works:
Journal Article: Lessons Learned from Three Decades of Experience with Cap and Trade (2017)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2016)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2015)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2015)
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