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Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

In: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023)

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  • Matthew Ranson
  • Robert N. Stavins

Abstract

The following sections are included:IntroductionTheory of LinkageCharacteristics of Existing and Proposed LinkagesThe Durban Platform and Its Implications for LinkageLinkage as a Climate Policy ArchitectureConclusion

Suggested Citation

  • Matthew Ranson & Robert N. Stavins, 2025. "Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 20, pages 515-554, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811292415_0020
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    2. Bodansky, Daniel M. & Hoedl, Seth A. & Metcalf, Gilbert E. & Stavins, Robert N., "undated". "Facilitating Linkage of Heterogeneous Regional, National, and Sub-National Climate Policies Through a Future International Agreement," Climate Change and Sustainable Development 202114, Fondazione Eni Enrico Mattei (FEEM).
    3. Sabine Aresin, 2015. "Monitoring Abatement in the Presence of an Import Quota on CERs," Working Papers tax-mpg-rps-2015-11, Max Planck Institute for Tax Law and Public Finance.
    4. Richard Schmalensee & Robert N. Stavins, 2025. "Lessons Learned from Three Decades of Experience with Cap and Trade," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 9, pages 235-264, World Scientific Publishing Co. Pte. Ltd..
    5. Bosello, Francesco & Parrado, Ramiro, "undated". "Climate Change Impacts and Market Driven Adaptation: the Costs of Inaction Including Market Rigidities," Climate Change and Sustainable Development 183634, Fondazione Eni Enrico Mattei (FEEM).
    6. Holtsmark, Katinka & Midttømme, Kristoffer, 2021. "The dynamics of linking permit markets," Journal of Public Economics, Elsevier, vol. 198(C).
    7. Bernard Caillaud & Gabrielle Demange, 2017. "Joint Design of Emission Tax and Trading Systems," Annals of Economics and Statistics, GENES, issue 127, pages 163-201.
    8. Ibikunle, Gbenga & Gregoriou, Andros & Hoepner, Andreas G.F. & Rhodes, Mark, 2016. "Liquidity and market efficiency in the world's largest carbon market," The British Accounting Review, Elsevier, vol. 48(4), pages 431-447.
    9. Matthew Ranson & Robert N. Stavins, 2025. "Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 21, pages 557-579, World Scientific Publishing Co. Pte. Ltd..
    10. Kamleshan Pillay & Jorge E. Viñuales, 2016. "“Monetary” rules for a linked system of offset credits," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(6), pages 933-951, December.
    11. Eva-Maria Mauer, 2016. "Linking von Emissionshandelssystemen: Die EU als Vorreiter für einen globalen CO2-Markt?," Discussion Paper Series RECAP15 25, RECAP15, European University Viadrina, Frankfurt (Oder).
    12. Susan Spierre Clark & Thomas P. Seager & Evan Selinger, 2015. "A development-based approach to global climate policy," Environment Systems and Decisions, Springer, vol. 35(1), pages 1-10, March.
    13. Manikas, Andrew S. & Kroes, James R., 2015. "A newsvendor approach to compliance and production under cap and trade emissions regulation," International Journal of Production Economics, Elsevier, vol. 159(C), pages 274-284.
    14. Aurélie Méjean & Franck Lecocq & Yacob Mulugetta, 2015. "Equity, burden sharing and development pathways: reframing international climate negotiations," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 15(4), pages 387-402, November.
    15. Michael A. Mehling & Gilbert E. Metcalf & Robert N. Stavins, 2025. "Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 24, pages 613-676, World Scientific Publishing Co. Pte. Ltd..

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    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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