LEADER 04734oam 2200685I 450 001 9910826125703321 005 20240131145033.0 010 $a1-136-52178-X 010 $a1-936331-91-8 010 $a1-299-27876-0 010 $a1-136-52179-8 024 7 $a10.4324/9781936331918 035 $a(CKB)2560000000099433 035 $a(EBL)1143707 035 $a(OCoLC)830161439 035 $a(SSID)ssj0000884837 035 $a(PQKBManifestationID)11556731 035 $a(PQKBTitleCode)TC0000884837 035 $a(PQKBWorkID)10947028 035 $a(PQKB)11358216 035 $a(MiAaPQ)EBC1143707 035 $a(Au-PeEL)EBL1143707 035 $a(CaPaEBR)ebr10672649 035 $a(CaONFJC)MIL459126 035 $a(OCoLC)847627505 035 $a(FINmELB)ELB135886 035 $a(EXLCZ)992560000000099433 100 $a20180706d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEnvironmental commodities markets and emissions trading $etowards a low-carbon future /$fBlas Luis Perez Henriquez 210 1$aAbingdon, Oxon ;$aNew York, N.Y. :$cRFF Press,$d2013. 215 $a1 online resource (297 p.) 225 1 $aResources for the Future 300 $aDescription based upon print version of record. 311 $a1-61726-095-9 311 $a1-61726-094-0 320 $aIncludes bibliographical references (p. [246]-264) and index. 327 $aCover; Title; Copyright; Dedication; Contents; List of illustrations; Preface; List of acronyms; 1 Introduction; 1.1 Research questions; 1.2 Unit of analysis: emissions trading systems; 1.3 Policy diffusion and accumulated policy know-how; 1.4 Outline of the book; 2 Theoretical foundations; 2.1 Research questions; 2.2 Review of theoretical principles; 2.3 Improving market-based environmental policy analysis; 3 Creating efficient environmental commodities markets; 3.1 The evolution of efficient commodities markets; 3.2 Market elements for environmental commodities trading 327 $a4 The first generation of air pollution trading systems4.1 The institutional environment of US air quality management; 4.2 Institutional development of the emissions trading system; 4.3 Summary of policy lessons; 5 State-of-the-art market-based environmental policy; 5.1 The political economy of acid rain policy action; 5.2 Creating a market for SO2 allowances; 5.3 Summary of policy lessons; 6 Local market-based environmental policy; 6.1 Developing the RECLAIM ETS; 6.2 Policy analysis considerations and implementation lessons; 6.3 Summary of policy lessons 327 $a7 Interstate market-based environmental policy7.1 The Ozone Transport Commission (OTC): the NOx budget program; 7.2 The NOx SIP Call: the NOx budget trading program; 7.3 The clean air interstate rule NOx ozone season ETS; 7.4 New rules of the game, new court rejection: a setback to ETS in the US or another step in the evolutionary path of this policy approach?; 7.5 Summary of policy lessons; 8 International market-based environmental policy; 8.1 Introduction to international market-based solutions: the Montreal Protocol 327 $a8.2 Creating global environmental commodities markets under the United Nations Framework Convention on Climate Change8.3 Global leadership in climate action: key ETS developments; 8.4 Multinational climate action: the European Union Emissions Trading Scheme; 8.5 Climate action leadership in the United States; 8.6 Continuous process of policy innovation and integration in market-based environmental policymaking; 8.7 Conclusion; Notes; References; Index 330 $aMarket-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions t 410 0$aResources for the Future (Series) 606 $aEmissions trading 606 $aCarbon offsetting 615 0$aEmissions trading. 615 0$aCarbon offsetting. 676 $a363.738/746 700 $aPerez Henriquez$b Blas Luis.$01202915 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826125703321 996 $aEnvironmental commodities markets and emissions trading$93960995 997 $aUNINA