Lessons learned from previous emissions trading schemes

Lessons Learned from SO2 Allowance Trading

The most ambitious application yet undertaken of a market-based instrument for environmental protection has been for the control of sulfur dioxide (SO2) emissions in the context of acid rain reduction under Title IV of the Clean Air Act amendments of 1990. That Act established an allowance trading program to cut SO2 emissions by 10 million tons from 1980 levels—a 50% reduction. In this article,...

Emissions trading in China : emerging experiences and international lessons

China has implemented emissions trading schemes in seven cities and provinces, and is planning a national cap-and-trade scheme. The seven pilot schemes show marked differences in design and operate in very diverse economic circumstances. Challenges encountered in the pilot schemes include the risk of over-allocation of emissions permits, unpredictable underlying growth trends, robust measuremen...

Lessons Learned from Three Decades of Experience with Cap-and-Trade The Harvard Project on Climate Agreements

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.

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

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.

Emissions trading and the management accountant - lessons from the UK emissions trading scheme