This Brief explores the theory, implementation, and policy implications of marketable permits as environmental policy instruments. Chapters cover a wide range of applicationsfrom pollution control and fisheries management to land use and climate change mitigation. The text refers to classic implementations of marketable permits, including both early American experiments and the mature European carbon market, demonstrating that some systems are more successful than others. It also refers to less known initiativessuch as Polish attempts to introduce the instrumentto give readers a more comprehensive view of environmental policy problems. Addressing both the theoretical foundations and policy relevance of marketable permits, this Brief will be a valuable resource for students and scholars of environmental and resource economics and environmental policy.

Provides an in-depth look at the concept of marketable permits in environmental economics Analyzes ETS and other cap-and-trade systems Addresses both theoretical foundations and policy relevance

Autorentext

Tomasz Zylicz is Professor in Economics at the University of Warsaw (Poland). He received his PhD in economics at the University of Warsaw. Prior to joining Warsaw University, he worked as the director of Economics in Poland's first post-communist Ministry of Environment. He was responsible for the state environmental budget and served as a co-author of a major environmental policy reform. In 1993, he received the "Pew Scholar Award in Conservation and the Environment". He used the award to create the Warsaw Ecological Economics Center at UW. The Center carries out research on economic aspects of environmental protection as well as hosts fellowships for young scholars. He specializes in research on the valuation of services provided by urban ecosystems. In particular, he is interested in valuing the benefits provided by urban trees in terms of air purification, carbon sequestration, reduction of excessive surface water runoff, air cooling, biodiversity enhancement, improvement of urban space aesthetics, and creation of conditions for recreational activities.

Inhalt

Chapter 1: Introduction.- Chapter 2: Theoretical foundations.- Chapter 3: Early US implementations.- Chapter 4: Methods of initial allocation.- Chapter 5: Main types of marketable permit systems.- Chapter 6: The Grand Policy Experiment.- Chapter 7: The European Trading System.- Chapter 8: Polish attempts to introduce marketable permits.- Chapter 9: Air protection policy in California.- Chapter 10: Other applications of marketable permits. Chapter 11: Postscript.