Governance of CO2 markets: lessons from the EU ETS

Christian de Perthuis and Raphael Trotignon
Additional contact information
Christian de Perthuis: LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: The economic literature differentiates "command and control" policies, in which the public authority sets up standards and rules to directly reduce environmental damage, from policies based on "economic tools" aiming at internalizing the cost of environmental damage. There is a broad consensus among economists in favour of economic tools that aim at protecting the environment in the most efficient way, i.e. by minimizing the total cost of pollution abatement. Despite those recommendations, most of the environmental policies implemented in the real world continue to favour command and control policies.

Keywords: Energy policy; European Union Emission Trading Scheme (search for similar items in EconPapers)
Date: 2013
Note: View the original document on HAL open archive server: https://hal.science/hal-01504635v1
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Patrice Geoffron. Climate Economics in Progress 2013, Université Paris Dauphine, pp.77-93, 2013

Downloads: (external link)
https://hal.science/hal-01504635v1/document (application/pdf)

Related works:
Journal Article: Governance of CO2 markets: Lessons from the EU ETS (2014)
Working Paper: Governance of CO2 markets: Lessons from the EU ETS (2014)
Working Paper: Governance of CO2 markets: lessons from the EU ETS (2013)
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:hal:journl:hal-01504635

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().