Download This PaperLessons Learned from Three Decades of Experience with Cap-and-Trade
27 Pages Posted: 17 Nov 2015
There are 5 versions of this paper
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Date Written: November 16, 2015
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: market-based instruments, cap-and-trade, leaded gasoline phasedown, Clean Air Act amendments of 1990, sulfur dioxide, acid rain, carbon dioxide, global climate change, European Union Emissions Trading System
JEL Classification: Q540, Q580, Q400, Q480
Suggested Citation: Suggested Citation
Richard Schmalensee
Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )
Room E62-525
Cambridge, MA 02142
United States
617-253-2957 (Phone)
617-258-6617 (Fax)