Title: US experience with emissions trading: lessons for CO<sub>2</sub> emissions trading
Abstract: The experience with emissions trading in the United States over the past twenty-five years provides the material for drawing five lessons in this chapter for the use of this market-based instrument in controlling greenhouse gas (GHG) emissions. The first two lessons concern how well emissions trading has worked as a regulatory instrument and what makes it work. The other three lessons concern features that are important for GHG emissions trading, namely, temporal flexibility, voluntary participation, and the allocation of allowances.
Publication Year: 2005
Publication Date: 2005-07-28
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 50
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot