The development of emissions trading over the course of its history can be divided into four phases:
1. Gestation:9L0-402 Braindump Theoretical articulation of the instrument (by Coase, Dales, Montgomery etc) and, independent of the former, tinkering with "flexible regulation" at the US Environmental Protection Agency
2. Proof of 9L0-509 Principle: First developments towards trading of emission certificates based on the "offset-mechanism" taken up in Clean Air Act in 1977.
3. Prototype: Launching of a first "cap and trade" system as part of US Acid Rain Program, officially 9L0-402 announced as a paradigm shift in environmental policy, as prepared by "Project 88", a network building effort to bring together environmental and industrial interests in the US
4. Regime formation: branching out from US clean air policy to global climate policy, and 9L0-509 Exam from there to the European Union, along with the expectation of an emerging global carbon market and the formation the "carbon industry".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment