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PRINCIPLES AND PRACTICES FOR TRADING EMISSION

Gabriela Piciu

Studii Financiare (Financial Studies), 2011, vol. 15, issue 3, 98-108

Abstract: After 2000, the topic regarding the emissions trading system was of interest for study and recently for research, as a consequence of the adverse effects which the environmental pollution has on man, economy, society and nature. Lately, a significant part of the environmental protection specialists tried to find an answer to the question "why is the system of trading emissions a key-component of the environmental policy reform?" To answer this question, and to provide a consistent basis of successful evaluation of the environmental reforms, we need to give definitions to some notions regarding the optimal allocations of responsibility control. The underlying theory of cost profitability - the main basis for the current regulations - is developed and used as one of the main ways to measure and evaluate the existing systems

Keywords: emissions trading; profitability; internalization of the externalities (search for similar items in EconPapers)
JEL-codes: Q52 Q56 (search for similar items in EconPapers)
Date: 2011
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