HKS Affiliated Authors
A.J. Meyer Professor of Energy and Economic Development
Excerpt
Excerpt
Lessons Learned from Three Decades of Experience with Cap and Trade. Robert Stavins, November 2015 Paper, "The article discusses the important insights on the design and performance of emissions trading schemes that implemented over the past 30 years which provides lessons for future applications of environmental policy instrument. Topics discussed include emission reduction credit systems used in the Clean Development Mechanism (CDM) which is part of Kyoto Protocol, the Regional Clean Air Incentives Market (RECLAIM) in southern California, and the trading of nitrogen oxides in the U.S." Link