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International permit trading: creating a sustainable system

McKibbin, Warwick J


Introduction: …This paper first outlines how a global permit scheme would work in theory and identifies potential problems. An alternative system which could still be implemented consistently with the Kyoto Protocol (but importantly without the fixed emission targets) is then outlined. I should stress that the problems identified for a global permit trading scheme may or may not cripple the scheme in the near term or at all, but under some circumstances global permit trading schemes are...[Show more]

CollectionsANU Research Publications
Date published: 1998
Type: Working/Technical Paper


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