Lessons Learned from Three Decades of Experience with Cap-and-Trade

Belfer Center, Kennedy School, Harvard Univ.
http://bit.ly/1HKSQZE

This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists, and draws a number of important lessons for future applications of this environmental policy instrument. References to a larger number of other emissions trading programs that have been implemented or proposed are included.

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