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About Carbon Trading
This document provides an overview of tradable permit schemes (TPS) that have been implemented in various environmental policy domains. It defines TPS as market-based policy instruments that establish a market for trading permits granting the right to pollute or exploit a natural resource. The document distinguishes between two main TPS designs: credit trading programs, which set individual standards and allow trading of credits between units; and cap-and-trade schemes, which set an overall cap for a sector and allocate allowances that can be traded. It reviews examples of TPS in different policy areas such as air pollution, water pollution, fisheries, land use, and others. The goal is to convey how the idea of TPS has spread
Detailed Information
| Author: | ['Sumati Sharma'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 26 |
| Language: | English |
| Format: | |
| Price: | FREE |
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