Emissions Trading: Principles And Practice

Tietenberg (economics, Colby College) evaluates US and international pollutant emissions trading programs. He does this by using economic theory to derive market and optimality conditions for various market conditions and pollutant characteristics and to formalize the incentives of various permit designs. Additionally, Ex ante computer simulations are used to investigate the control cost differences between the command-and-control and emissions trading allocations and ex post evaluations of actual trading procedures and transactions are considered. Chapters then discuss spatial and temporal dimensions of emissions trading, the issue of initial allocation, and the monitoring and enforcement of emissions trading systems. Distributed in the US by Johns Hopkins U. Press. Annotation c2006 Book News, Inc., Portland, OR (booknews.com)

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.