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Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile

Jessica Coria and Thomas Sterner

Discussion Papers from Resources For the Future

Abstract: Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago’s experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries.

Keywords: air pollution; environmental policy; tradable permits; developing countries (search for similar items in EconPapers)
JEL-codes: Q53 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2008-12-18
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Related works:
Working Paper: Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile (2008) Downloads
Working Paper: Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile (2008) Downloads
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