20 Pages Posted: 29 May 2007
Date Written: 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.
Keywords: Carbon-dioxide allowances, economics of climate change, global warming
JEL Classification: Q42, R38
Suggested Citation: Suggested Citation
Milunovich, George and Stegman, Alison and Cotton, Deborah, A Review of Carbon Trading Theory and Practice (May 28, 2007). Available at SSRN: https://ssrn.com/abstract=989271 or http://dx.doi.org/10.2139/ssrn.989271