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.
Technology-Inclusive Climate Strategy: An Open Race with Many Winners
Making the case for welcoming a range of potential solutions to tackle the global climate challenge while meeting the world’s energy and economic needs.
Issue Brief — Jan 28, 2020
A New Approach in Oregon’s Greenhouse Gas Initiative
This issue brief provides a description of the modifications to Oregon's House Bill 2020 and an overall assessment of the carbon pricing proposal.
Working Paper — Jan 14, 2020
China’s Unconventional Nationwide CO₂ Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy
This paper assesses the overall costs and distributional impacts of China’s planned nationwide emissions trading system for CO2 emissions reductions, a system that will differ from cap and trade and become the largest CO2 trading system in the world.