✦ LIBER ✦
Tradable quotas: using information technology to cap national carbon emissions
✍ Scribed by Fleming, David
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 162 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0961-0405
No coin nor oath required. For personal study only.
✦ Synopsis
This paper proposes an economic instrument for shifting national economies away from their dependence on fossil fuels. Tradable quotas would specify the permissible quantity of carbon emissions from all sources within a national economy, allowing the price to adjust around it, and using information technology to distribute the quota units through the market. The paper outlines the task of carbon reduction now facing developed economies, explains how tradable quotas could be used to ful®l it, and sets out the advantages of tradable quotas in relation to the more widely advocated instrument of carbon taxes.