Lessons Learned from Three Decades of Experience with Cap and Trade

Citation:

Schmalensee, Richard, and Robert N. Stavins. 2017. “Lessons Learned from Three Decades of Experience with Cap and Trade.” Review of Environmental Economics and Policy 11 (1): 59–79.

Abstract:

This article presents an overview of the design and performance of seven major emissions trading programs that have been implemented over the past 30 years and identifies a number of important lessons for future applications of this important environmental policy instrument. A brief discussion of several other proposed or implemented emissions trading programs is also included.

Publisher's Version

Last updated on 03/07/2018