Discussion Paper - Harvard Project on Climate Agreements, Belfer Center

Lessons Learned from Three Decades of Experience with Cap-and-Trade

| November 2015

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.

The Authors

Robert N. Stavins