Product Description

First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the United States; since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved over the last twenty-five years.

Initially little more than an academic curiosity, the use of tradable permits eventually became the centerpiece of both the U.S. program to control acid rain and the European approach to controlling greenhouse gases. The second edition of Emissions Trading skillfully weaves together a vast amount of theoretical and empirical information, offering a thorough survey of what we have learned about this important environmental policy instrument after twenty-five years of theorizing, conducting empirical research, and evaluating the implementation experience.

Intended to appeal both to academics and practitioners, Emissions Trading outlines what has been learned to date about the appropriate niche for this instrument and identifies best practices for the design of effective programs.

Product Details

• Amazon Sales Rank: #192833 in Books
• Published on: 2006-03-10
• Original language: English
• Number of items: 1
• Binding: Paperback
• 230 pages

Review

"Economists have been advocating the greater use of economic incentives in environmental policy... This book is a valiant attempt at evaluating one such incentive -- emissions trading." -- Annals of Regional Science

"Tietenberg discusses the important aspects of emissions trading thoroughly and very knowledgeably... Many economists who are not interested in the details of emissions trading would still benefit from the perspective gained by Tietenberg's comparison of the economic ideal with that which is practical, given the physical, economic, and political complexities of the real world." --Land Economics

Review

"Economists have been advocating the greater use of economic incentives in environmental policy... This book is a valiant attempt at evaluating one such incentive -- emissions trading." -- Annals of Regional Science

"Tietenberg discusses the important aspects of emissions trading thoroughly and very knowledgeably... Many economists who are not interested in the details of emissions trading would still benefit from the perspective gained by Tietenberg's comparison of the economic ideal with that which is practical, given the physical, economic, and political complexities of the real world." -- Land Economics

About the Author

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.

Customer Reviews

A tough read for a very motivated reader.
I bought this to learn more about carbon trading as-in "Cap and Trade." I am an engineer and an experienced, motivated, environmental activist, but I am still I finding this book a hard go. Don't buy it unless you are really, really motivated!