Markets with tradable CO2 emission quotas: principles and practice

Graciela Chichilnisky and Geoffrey Heal

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reviews a range of issues relating to tradable carbon dioxide quotas. It considers the economic principles on which they are based, compares them with alternative carbon abatement policies, and reviews many aspects of how tradable quotas would be implemented in practice.

Keywords: OECD; environmental economics; global environment; climate change; emissions; international organizations; carbon tax; carbon market; joint implementation; Pigou; Coase; property rights; north-south; market costs; international markets (search for similar items in EconPapers)
JEL-codes: H23 Q5 Q56 (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8486

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