Emissions Trading
Part of the Climate Finance project
Increasingly, countries and sub-national governments are turning to market-based policy tools to put a price on carbon pollution. Although principles of emissions trading systems in different locations of the world share common elements, each approach to date has had unique features. We study what has worked, what has not and why, with an eye to informing better policy design.
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Bhandary, R., Gallagher, K.S., Zhang, F. (2021). Climate finance policy in practice: a review of the evidence. Climate Policy.