Lessons learned from the political economy of ETS

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Chapter 12 in Carbon Markets Around the Globe, 2021, pp 205-214 from Edward Elgar Publishing

Abstract: Chapter 12 provides a reflection on the political economy of carbon markets in the jurisdictions analysed in chapters 9 - 11 and makes suggestions for improving carbon markets’ political feasibility. The chapter also advances politico-economy thinking on market-based climate policy instruments choice by proposing an embedded Public Choice (ePC) approach, which overcomes some limitations of traditional Public Choice and thus increases its empirical relevance.

Keywords: Economics and Finance; Environment; Law - Academic (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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