IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01504635.html

Governance of CO2 markets: lessons from the EU ETS

Author

Listed:
  • Christian de Perthuis

    (LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Raphaël Trotignon

    (CEC - Chaire Economie du Climat - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres)

Abstract

The economic literature differentiates "command and control" policies, in which the public authority sets up standards and rules to directly reduce environmental damage, from policies based on "economic tools" aiming at internalizing the cost of environmental damage. There is a broad consensus among economists in favour of economic tools that aim at protecting the environment in the most efficient way, i.e. by minimizing the total cost of pollution abatement. Despite those recommendations, most of the environmental policies implemented in the real world continue to favour command and control policies.

Suggested Citation

  • Christian de Perthuis & Raphaël Trotignon, 2013. "Governance of CO2 markets: lessons from the EU ETS," Post-Print hal-01504635, HAL.
    • Handle: RePEc:hal:journl:hal-01504635
    Note: View the original document on HAL open archive server: https://hal.science/hal-01504635v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01504635v1/document
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01504635. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.