A Review of Carbon Trading Theory and Practice
Macquarie University - Department of Economics
Australian National University (ANU)
University of Technology Sydney (UTS); Financial Research Network (FIRN)
May 28, 2007
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
Date posted: May 29, 2007
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