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Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience

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:IntroductionEconomic, Political, and Strategic Determinants of LinkageBottom-Up Architecture Based on LinkagesConclusionAcknowledgmentsReferences

Suggested Citation

  • 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..
    • Handle: RePEc:wsi:wschap:9789811292415_0021
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    1. 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..
    2. Raphael Trotignon, 2011. "Combining cap-and-trade with offsets: Lessons from CER use in the EU ETS in 2008 and 2009," Working Papers 1103, Chaire Economie du climat.
    3. Robert W. Hahn & Robert Stavins, 1999. "What Has the Kyoto Protocol Wrought? The Real Architecture of Tradable Permit Markets," Books, American Enterprise Institute, number 52837, September.
    4. Richard G. Newell & William A. Pizer & Daniel Raimi, 2013. "Carbon Markets 15 Years after Kyoto: Lessons Learned, New Challenges," Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 123-146, Winter.
    5. Stavins, Robert & Hahn, Robert, 1999. "What Has Kyoto Wrought? The Real Architecture of International Tradable Permit Markets," RFF Working Paper Series dp-99-30, Resources for the Future.
    6. Gilbert E. Metcalf & David Weisbach, 2012. "Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous World," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 6(1), pages 110-129.
    7. Carbone, Jared C. & Helm, Carsten & Rutherford, Thomas F., 2009. "The case for international emission trade in the absence of cooperative climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 266-280, November.
    8. Pizer, William A. & Yates, Andrew J., 2015. "Terminating links between emission trading programs," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 142-159.
    9. Michael Mehling & Erik Haites, 2009. "Mechanisms for linking emissions trading schemes," Climate Policy, Taylor & Francis Journals, vol. 9(2), pages 169-184, January.
    10. Raphael Calel & Antoine Dechezleprêtre, 2016. "Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market," The Review of Economics and Statistics, MIT Press, vol. 98(1), pages 173-191, March.
    11. Igor Shishlov & Valentin Bellassen, 2012. "10 lessons from 10 years of the CDM," Working Papers hal-01151437, HAL.
    12. Burtraw, Dallas & Palmer, Karen & Munnings, Clayton & Weber, Paige & Woerman, Matt, 2013. "Linking by Degrees: Incremental Alignment of Cap-and-Trade Markets," RFF Working Paper Series dp-13-04, Resources for the Future.
    13. Heitzig, Jobst, 2013. "Bottom-Up Strategic Linking of Carbon Markets: Which Climate Coalitions Would Farsighted Players Form?," Climate Change and Sustainable Development 151376, Fondazione Eni Enrico Mattei (FEEM).
    14. Jobst Heitzig, 2013. "Bottom-Up Strategic Linking of Carbon Markets: Which Climate Coalitions Would Farsighted Players Form?," Working Papers 2013.48, Fondazione Eni Enrico Mattei.
    15. Christian Flachsland & Robert Marschinski & Ottmar Edenhofer, 2009. "To link or not to link: benefits and disadvantages of linking cap-and-trade systems," Climate Policy, Taylor & Francis Journals, vol. 9(4), pages 358-372, July.
    16. Alexandre Kossoy & Klaus Oppermann & Rama Chandra Reddy & Martina Bosi & Sandrine Boukerche & Niklas Höhne & Noémie Klein & Alyssa Gilbert & Martina Jung & Bram Borkent & Long Lam & Frauke Röser & Nad, "undated". "Mapping Carbon Pricing Initiatives : Developments and Prospects 2013," World Bank Publications - Reports 15771, The World Bank Group.
    17. Michael Wara, 2007. "Is the global carbon market working?," Nature, Nature, vol. 445(7128), pages 595-596, February.
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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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