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Title:
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TRADEABLE PERMITS AND EMISSIONS TRADING: A FAILED EXPERIMENT? |
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Author(s):
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Martin Perry |
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ISBN:
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978-989-8704-00-9 |
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Editors:
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Theodora Issa, Nurfadhlina Mohd Sharef, Tomayess Issa and Pedro Isaías |
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Year:
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2013 |
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Edition:
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Single |
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Keywords:
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Tradeable permits Emissions trading Economic instruments Sustainability policy. |
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Type:
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Reflection Paper |
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First Page:
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123 |
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Last Page:
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126 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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Tradeable permits have been the centerpiece of emissions trading schemes in Europe and New Zealand designed to control greenhouse gas (GHG) emissions. They are a form of market-based environmental policy that were advocated strongly as a way of making action for sustainability more attractive to business than the use of regulatory instruments. After initial optimism and a broadening of its application the European scheme has not maintained its importance while New Zealands emissions trading scheme failed to be a significant tool for limiting GHG emissions from the outset. This presentation argues that the failure of these schemes shows the limitations of relying on these forms of market-based policy. This has implications for maintaining business support for sustainability given that this has depended partly on the perceived attractiveness of using this form of economic instrument in place of command and control regulation. |
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