To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile
Whether tradable permits are appropriate for use in transition and developing economies—given special social and cultural circumstances, such as the lack of institutions and lack of expertise with marketbased policies—is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allow us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries.
|Date of creation:||23 Oct 2009|
|Date of revision:|
|Publication status:||Published as Coria, Jessica, Åsa Löfgren and Thomas Sterner, 'To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile' in Journal of Environmental Management, 2010, pages 2126-2133.|
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