NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Richard Schmalensee, Robert Stavins

NBER Working Paper No. 21742
Issued in November 2015
NBER Program(s):Environment and Energy Economics

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

download in pdf format
   (160 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w21742

Published: Richard Schmalensee & Robert N. Stavins, 2017. "Lessons Learned from Three Decades of Experience with Cap and Trade," Review of Environmental Economics and Policy, vol 11(1), pages 59-79.

Users who downloaded this paper also downloaded* these:
Goulder and Schein w19338 Carbon Taxes vs. Cap and Trade: A Critical Review
Heutel, Moreno-Cruz, and Ricke w21711 Climate Engineering Economics
Borenstein, Bushnell, Wolak, and Zaragoza-Watkins w20999 Expecting the Unexpected:
Emissions Uncertainty and Environmental Market Design
Sachs and Warner w5398 Natural Resource Abundance and Economic Growth
Giglio, Maggiori, Stroebel, and Weber w21767 Climate Change and Long-Run Discount Rates: Evidence from Real Estate
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us