期刊
ENERGY POLICY
卷 38, 期 8, 页码 4381-4387出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2010.03.066
关键词
Carbon trading; Gains from trade; EU ETS
资金
- Grantham Foundation for the Protection of the Environment
- UK's Economic and Social Research Council (ESRC)
- Munich Re
- ESRC [ES/G021694/1] Funding Source: UKRI
- Economic and Social Research Council [ES/G021694/1] Funding Source: researchfish
This paper analyses the design of carbon markets in space (i.e., geographically). It is part of a twin set of papers that, starting from first principles, ask what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of what we say would also apply to government-level trading and carbon offset schemes. We examine the first principles of spatial design to maximise flexibility and to minimise costs, including key design issues in linking national and regional carbon markets together to create a global carbon market. (C) 2010 Elsevier Ltd. All rights reserved.
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