Market-based environmental policy analysis requires taking into account all the institutional factors necessary for the market to function optimally, as well as the social forces that shape a final policy design. 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.
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Blas Luis Pérez Henríquez is Director of the Center for Environmental Public Policy, University of California, Berkeley, USA; Senior Visiting Fellow at the Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, UK; and Visiting Professor at the Center for Economic Research and Teaching (CIDE), Mexico City, Mexico.
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