Emissions Trading

A study of pollution reform that considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the US and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.

'At its best in explaining both the complexities of emission trading program design and the intricacies of the economic theory underlying the tradable discharge permit system and its variations.'
Journal of Policy Analysis and Management

T. H. Tietenberg is the Mitchell Family Professor of Economics at Colby College in Waterville, Maine and the author or editor of eleven books, including Environmental and Natural Resource Economics, one of the best-selling textbooks in the field. He has consulted on environmental policy with the World Bank, the Inter-American Development Bank, the Agency for International Development, and the U.S. Environmental Protection Agency, as well as several state and foreign governments.