Munich Personal RePEc Archive

Markets with tradable CO2 emission quotas: principles and practice

Chichilnisky, Graciela and Heal, Geoffrey (1995): Markets with tradable CO2 emission quotas: principles and practice.

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Abstract

This paper reviews a range of issues relating to tradable carbon dioxide quotas. It considers the economic principles on which they are based, compares them with alternative carbon abatement policies, and reviews many aspects of how tradable quotas would be implemented in practice.

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