Discussion Paper - Harvard Project on Climate Agreements, Belfer Center
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Abstract
This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists, and draws a number of important lessons for future applications of this environmental policy instrument. References to a larger number of other emissions trading programs that have been implemented or proposed are included.
For more information on this publication:
Please contact
Harvard Project on Climate Agreements
For Academic Citation:
Schmalensee, Richard, and Robert N. Stavins. “Lessons Learned from Three Decades of Experience with Cap-and-Trade.” Discussion Paper, 2015-80, Harvard Project on Climate Agreements, Belfer Center, November 2015.
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