Lessons Learned from Three Decades of Experience with Cap-and-Trade

Richard Schmalensee and Robert Stavins

No 2015.107, Working Papers from Fondazione Eni Enrico Mattei

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 (search for similar items in EconPapers)
JEL-codes: Q40 Q48 Q54 Q58 (search for similar items in EconPapers)
Date: 2015-10
New Economics Papers: this item is included in nep-ene, nep-his, nep-reg and nep-res
References: Add references at CitEc
Citations: View citations in EconPapers (15)

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Related works:
Journal Article: Lessons Learned from Three Decades of Experience with Cap and Trade (2017)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2016)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2015)
Working Paper: Lessons Learned from Three Decades of Experience with Cap-and-Trade (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2015.107

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