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Climate notes: Emissions Trading – Worldwide Developments and Current Problems

Author

Listed:
  • Niklas Lüder Barre
  • Marc Gronwald
  • Jana Lippelt

Abstract

The introduction of a worldwide emissions trading system is generally seen as the most effective way of reducing worldwide emissions of greenhouse gases – especially of CO2 – and thus of combating climate change. Such a system effectively limits the emission of CO2 and, at the same time, ensures that CO2 emissions are avoided in a cost-effective manner. There is certainly a long way to go towards achieving such a system, but it is encouraging to see that a growing number of countries and/or regions are introducing this kind of system or contemplating such a move. At the same time, it must be said that the most important trading system in the world at the moment, the European Emissions Trading System (EU ETS), is not functioning as smoothly as hoped. This article in the series "Climate notes" summarizes developments worldwide and looks at the current problems facing the EU ETS.

Suggested Citation

  • Niklas Lüder Barre & Marc Gronwald & Jana Lippelt, 2012. "Climate notes: Emissions Trading – Worldwide Developments and Current Problems," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(17), pages 26-28, September.
  • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:17:p:26-28
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    File URL: https://www.ifo.de/DocDL/ifosd_2012_17_4.pdf
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    References listed on IDEAS

    as
    1. Grüll, Georg & Taschini, Luca, 2011. "Cap-and-trade properties under different hybrid scheme designs," Journal of Environmental Economics and Management, Elsevier, vol. 61(1), pages 107-118, January.
    2. Georg Grull & Luca Taschini, 2012. "Linking Emission Trading Schemes: A Short Note," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 3).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Marc Gronwald, 2013. "Climate notes: Emissions Trading News," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(03), pages 42-43, February.
    2. Alex Schmitt, 2017. "Climate Notes: Emissions Trade – Familiar Problems, New Solutions?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(09), pages 48-50, May.

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    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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