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

Citation:

Schmalensee, Richard, and Robert N. Stavins. “Lessons Learned from Three Decades of Experience with Cap-and-Trade.” Cambridge, Massachusetts, USA: Harvard Environmental Economics Program, 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.

Last updated on 12/03/2015