Title: The emissions trading scheme: an analysis on its economic instruments and methods to reduce greenhouse gas emissions

Authors: Kaushik Sridhar

Addresses: Macquarie Graduate School of Management, Macquarie University, 156/122, Culloden Road, Marsfield, NSW, 2122 Australia

Abstract: This paper discusses some of the economic issues likely to be encountered when establishing an emission trading scheme and highlights some economic instruments that can be used to battle carbon emissions. A summary of the current initiatives to climate change management is presented in this paper, including a review of the different types of schemes proposed under carbon trading. The various stages in developing emissions trading scheme is discussed in detail. The pricing of carbon credits and some of the limitations in implementing an emissions trading scheme are also analysed at length.

Keywords: emissions trading schemes; carbon trading; carbon tax; taxation; taxes; climate change; tradable permits; global warming; pricing; prices; carbon credits; economic instruments; greenhouse gases; business excellence.

DOI: 10.1504/IJBEX.2011.037246

International Journal of Business Excellence, 2011 Vol.4 No.1, pp.1 - 14

Published online: 27 Sep 2014 *

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