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Addressing climate change with a comprehensive US cap-and-trade system

Abstract: 
Robert N. Stavins presents an up-stream, economy-wide CO2 cap-and-trade system, divided between allowances and free distributions, with the latter being auctioned gradually to increase to 100 per cent over 25 years. The system provides for linkage with emission-reduction credit projects in other countries, harmonization over time with effective cap-and-trade systems in other regions, and establishes a level playing field among domestically produced and imported products.
Author: 
bverdini@mit.edu
Institution: 
Harvard Environmental Economics Program
Year: 
2008
Input By: 
Bruno Verdini Trejo
Affiliation: 
MIT
Region(s): 
Industry Focus: 
Energy
Country: 
A U.S. based model with Global implications.
Datatype(s): 
Models