Linking Tradable Permit Systems: Opportunities, Challenges, and Implications

7th IETA Forum on the State of the Greenhouse Gas Market, Washington, D.C.

Overview

Professor Stavins' presentation at the 7th IETA Forum on the State and Development of the Greenhouse Gas Market described tradable permit systems and linkage among them that allows emission reduction efforts to be redistributed across systems. He notes that linkage may become the de jure or de facto post-2012 international policy architecture.