Lessons Learned from Three Decades of Experience with Cap-and-Trade

Richard Schmalensee and Robert Stavins

No 230919, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists, and draws a number of important lessons for future applications of this environmental policy instrument. References to a larger number of other emissions trading programs that have been implemented or proposed are included.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 31
Date: 2016-02-08
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https://ageconsearch.umn.edu/record/230919/files/NDL2015-107.pdf (application/pdf)

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)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:230919

DOI: 10.22004/ag.econ.230919

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