A comparative analysis of city-based emission trading schemes: key design and management factors for environmental cost effectiveness

Gautier Kohler and Benoit Lefèvre;

International Journal of Global Energy Issues, 2011, vol. 35, issue 2/3/4, 215-241

Abstract: With more than half the world's population living in urban areas, cities have become a major source of local and global atmospheric pollution. Originally developed in the 1990s to decrease local pollution, Local Emission Trading Schemes (ETSs) are now emerging as a promising cost-efficient instrument to achieve local GHG emissions reductions. This paper compares four existing city-based ETS covering both local pollutants and greenhouse gases. It identifies common and distinguishing features and assesses the environmental and economic performance of the various existing ETS. Based on this analysis, this paper highlights the factors contributing to the success of local ETS and makes recommendations for future implementation. Finally, this paper underlines that in order to improve the effectiveness of market incentives, the legal nature of tradable credits must be well defined and that overlaps between local ETS and other regulations must be limited.

Keywords: climate change; local pollution; ETS; emissions trading scheme; cities; environmental cost effectiveness; air pollution; carbon emissions; CO2; carbon dioxide; GHG emissions; greenhouse gases; market incentives. (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=45030 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:ids:ijgeni:v:35:y:2011:i:2/3/4:p:215-241

Access Statistics for this article

More articles in International Journal of Global Energy Issues from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().