Beschreibung:
Market-based environmental policy analysis requires taking into account all the institutional factors necessary for the market to function optimally, as well as the social forces that shape a final policy design. This book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change.
1. Introduction 2. Theoretical Foundations 3. Creating Efficient Environmental Commodities Markets 4. The First Generation of Air Pollution Trading Systems 5. State-of-the-Art Market-Based Environmental Policy 6. Local Market-Based Environmental Policy 7. Interstate Market-Based Environmental Policy 8. International Market-Based Environmental Policy