Lessons Learned from Three Decades of Experience with Cap and Trade

Richard Schmalensee and Robert Stavins

Review of Environmental Economics and Policy, 2017, vol. 11, issue 1, 59-79

Abstract: This article presents an overview of the design and performance of seven major emissions trading programs that have been implemented over the past 30 years and identifies a number of important lessons for future applications of this important environmental policy instrument. A brief discussion of several other proposed or implemented emissions trading programs is also included.

JEL-codes: Q40 Q48 Q54 Q58 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (64)

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