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A Review of Carbon Trading Theory and Practice


George Milunovich


Macquarie University - Department of Economics

Alison Stegman


Australian National University (ANU)

Deborah Cotton


University of Technology, Sydney (UTS); Financial Research Network (FIRN)
May 28, 2007


Abstract:     
We present a summary of current initiatives to climate change management including a review of existing carbon trading schemes and the economic arguments supporting those schemes. We also outline conditions under which the existing carbon market structures are optimal as well as those under which improvements upon the current schemes can be made.

Number of Pages in PDF File: 20

Keywords: Carbon-dioxide allowances, economics of climate change, global warming

JEL Classification: Q42, R38

working papers series


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Date posted: May 29, 2007  

Suggested Citation

Milunovich, George, Stegman, Alison and Cotton, Deborah, A Review of Carbon Trading Theory and Practice (May 28, 2007). Available at SSRN: http://ssrn.com/abstract=989271 or http://dx.doi.org/10.2139/ssrn.989271

Contact Information

George Milunovich (Contact Author)
Macquarie University - Department of Economics ( email )
Sydney NSW 2109
Australia
Alison Stegman
Australian National University (ANU) ( email )
Canberra, Australian Capital Territory 2601
Australia
Deborah Cotton
University of Technology, Sydney (UTS) ( email )
Haymarket, Ultimo
PO Box 123
Sydney, NSW 2007
Australia
Financial Research Network (FIRN)
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.firn.org.au

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