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来源类型Working Paper
规范类型报告
DOI10.3386/w14432
来源IDWorking Paper 14432
Linkage of Tradable Permit Systems in International Climate Policy Architecture
Judson Jaffe; Robert N. Stavins
发表日期2008-10-24
出版年2008
语种英语
摘要Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission-reduction-credit system -- has developed a substantial constituency, despite some concerns about its performance. Because linkage between tradable permit systems can reduce compliance costs and improve market liquidity, there is great interest in linking cap-and-trade systems to each other, as well as to the CDM and other credit systems. We examine the benefits and concerns associated with various types of linkages, and analyze the near-term and long-term role that linkage may play in a future international climate policy architecture. In particular, we evaluate linkage in three potential roles: as an independent bottom-up architecture, as a step in the evolution of a top-down architecture, and as an ongoing element of a larger climate policy agreement. We also assess how the policy elements of climate negotiations can facilitate or impede linkages. Our analysis throughout is both positive and normative.
主题International Economics ; Globalization and International Relations ; Environmental and Resource Economics ; Renewable Resources ; Energy ; Environment
URLhttps://www.nber.org/papers/w14432
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572107
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GB/T 7714
Judson Jaffe,Robert N. Stavins. Linkage of Tradable Permit Systems in International Climate Policy Architecture. 2008.
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