FEEM working papers "Note di lavoro" series
2002 .030

Lessons from the American Experiment with Market-Based Environmental Polices

Authors: Robert N. Stavins
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Book
Keywords: environmental policy,market-based instruments,economic-incentive instruments
JEL: Forthcoming Book


This paper provides an overview of the U.S. experience with market-based instruments with four categories: emission charges, tradeable permit systems,market friction reduction, and government subsidy reduction. Following that, I examine normative lessons that can be learned from these experiences, and then focus on positive political economy lessons. A final section offers some conclusions

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