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 Are Cap‐and‐Trade Programs More Environmentally Effective than Conventional Regulation?

Ellerman A. Denny

in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This essay explains why cap-and-trade programs (in which government establishes an overall cap on pollution but allows firms to trade allocations beneath the cap) can be both more economically ... More


Economics Is Not Enough: The “Old Model” of Cap and Trade

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0003
Subject:
Political Science, Environmental Politics

This chapter describes the “old” model of cap-and-trade policy design that largely controlled emissions trading policy from its origins in the 1970s through the 1990s, under which emissions trading ... More


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