Linking Tradable Permit Systems: A Key Element of Emerging International Climate Policy Architecture

Judson L. Jaffe

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Climate Change Policy and Economics International Environmental Law and Policies Climate Change and Geoengineering

Abstract

This Article analyzes the role that linkage between emission trading systems could play in a future international climate policy architecture. Cap-and-trade systems, regional, national, and international in scope, are emerging as a preferred instrument for addressing global climate change throughout the industrialized world, and the Clean Development Mechanism— an emission-reduction-credit system—has also developed a significant constituency. Because links between tradable permit systems can reduce

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2018Linking climate policies to advance global mitigation 2011Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous World 2014Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience 2011Three Key Elements of a Post-2012 International Climate Policy Architecture 2014Carbon Market Lessons and Global Policy Outlook 2015Facilitating linkage of climate policies through the Paris outcome 2018Emissions, energy and economic impacts of linking China’s national ETS with the EU ETS 2014Carbon Markets: Past, Present, and Future

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