Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Emissions trading: Emissions trading, or cap-and-trade, is a market-based approach to control pollution. Governments set an overall limit (cap) on emissions, issuing permits accordingly. Companies can trade these permits, incentivizing lower emissions. This system encourages efficiency as businesses innovate to reduce emissions, providing financial benefits to those emitting less and meeting environmental targets. See also Climate Change, Climate damages, Emissions, Emission targets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Richard L. Sandor on Emissions Trading - Dictionary of Arguments
Kiesling I 38 Emissions permit trading/Sandor/Kiesling: Over the past 15 years as environmental policy attention has turned to greenhouse gas emissions, the cap-and-trade design has been applied in several places (e.g., the European Emissions Trading Scheme, California’s Cap and Trade program, and the Regional Greenhouse Gas Initiative in the US northeast), with mixed results. One economist involved in the Acid Rain Program, Richard Sandor, created the Chicago Climate Exchange (CCX) in 2003. Inspired by Coase, Sandor designed the CCX as a voluntary, legally binding, greenhouse gas emission reduction and trading exchange (Sandor, 2012(1): chps. 11 and 18). The CCX ceased trading in 2010 due to inactivity in US carbon trading. >Emissions trading/Coase, >Cap and trade system. 1. Sandor, Richard L. (2012). Good Derivatives: A Story of Financial and Environmental Innovation. John Wiley & Sons._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sandor I Richard L. Sandor Murali Kanakasabai Sustainable Investing And Environmental Markets: Opportunities In A New Asset Class WSPC 2014 Kiesling I L. Lynne Kiesling The Essential Ronald Coase Vancouver: Fraser Institute. 2021 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
