Lessons Learned from Three Decades of Experience with Cap and Trade

Richard Schmalensee and Robert Stavins

Chapter 9 in Economics of Environment, Climate Change, and Wine:Selected Papers of Robert N Stavins, Volume 3 (2011–2023), 2025, pp 235-264 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionExperience with U.S. National Cap-and-Trade ProgramsU.S. Regional and State ProgramsTHE EU Emissions Trading SystemOther Cap-and-Trade SystemsSummary and ConclusionsAcknowledgementsAppendixReferences

Keywords: Climate Change Economics; Climate Change Policy; Wine Economics; Environmental Economics; Energy Economics; Natural Resource Economics; Energy-Efficiency Gap; Climate Negotiators; Carbon Pricing; Carbon Pricing Policy; Greenhouse; SO2 Allowance Trading System; Clean Air Act; Intergovernmental Panel on Climate Change; Durban Climate Talks; The Paris Agreement; Terroir (search for similar items in EconPapers)
JEL-codes: Q5 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811292415_0009 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811292415_0009 (text/html)
Ebook Access is available upon purchase.

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 (2015)
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)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811292415_0009

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().