To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile

Jessica Coria, Löfgren, Åsa and Thomas Sterner
Authors registered in the RePEc Author Service: Åsa Löfgren

RFF Working Paper Series from Resources for the Future

Abstract: Whether tradable permits are appropriate for transition and developing economies—given their special social and cultural circumstances, such as the lack of institutions and lack of expertise with market-based policies—is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allowed us to study which factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries.

Keywords: tradable permits; developing countries; environmental policy; environmental institutions (search for similar items in EconPapers)
JEL-codes: Q56 Q58 R52 (search for similar items in EconPapers)
Date: 2009-11-06
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Citations: View citations in EconPapers (1)

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Working Paper: To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile (2009)
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