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On national and international trade in greenhouse gas emission permits
Rehdanz, Katrin; Tol, Richard S. J. - 2002
This paper considers the question under what conditions domestic markets of emission permits would and should merge to become an international market. Emission permits are licenses, and so governments would need to recognize other countries’ permits. In a two-county model, we find that it is...
Persistent link: https://www.econbiz.de/10010312662
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Governance and Environmental Policy Integration in Europe: What Can We learn from the EU Emission Trading Scheme?
Catenacci, Michela; Buchner, Barbara; Sgobbi, Alessandra - 2007
The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first … participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental … governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments …
Persistent link: https://www.econbiz.de/10010312622