Whether tradable permits are appropriate for transition and developing economies—given their special social and cultural circumstances, such as the lack of institutions and lack of expertise with market-based policies—is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allowed us to study which factors affect the performance of the trading programs inpractice and the challenges and advantages of applying tradable permits in less developed countries.
Explainer — May 18, 2020
Carbon Pricing 106: Effects on Employment
This explainer draws from the literature on the employment impacts of environmental policy to answer an important policy question: how do (or will) carbon pricing policies affect employment?
Explainer — May 11, 2020
Carbon Pricing 105: Effects on Human Health
An overview of the human health benefits of decreased air pollution due to carbon pricing.
Explainer — May 4, 2020
Carbon Pricing 104: Economic Effects across Income Groups
A review of how the economic impacts of different carbon pricing policies may be distributed across households.