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Governance of CO2 markets: lessons from the EU ETS

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13-09-Cahier-R-2013-07-De-Perthuis-Trotignon-EU-ETS-Governance-HQ.pdf (1.949Mb)
Date
2013
Dewey
Economie de la terre et des ressources naturelles
Sujet
European Union Emission Trading Scheme; Energy policy
JEL code
Q.Q5.Q56; Q.Q4.Q48
Book title
Climate Economics in Progress 2013
Author
Geoffron, Patrice
Publisher
CDC Climat, Université Paris-Dauphine
Publisher city
Paris
Year
2013
Pages number
282
URI
https://basepub.dauphine.fr/handle/123456789/12035
Collections
  • LEDa : Publications
Metadata
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Author
Trotignon, Raphaël
191547 Chaire économie du climat
De Perthuis, Christian
status unknown
Type
Chapitre d'ouvrage
Item number of pages
77-93
Abstract (EN)
The economic literature differentiates “command and control” policies, in which the public authority sets up standards and rules to directly reduce environmental damage, from policies based on “economic tools” aiming at internalizing the cost of environmental damage. There is a broad consensus among economists in favour of economic tools that aim at protecting the environment in the most efficient way, i.e. by minimizing the total cost of pollution abatement. Despite those recommendations, most of the environmental policies implemented in the real world continue to favour command and control policies.

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