Environmental Commodities Markets and Emissions Trading: Towards a Low-Carbon Future - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Environmental Commodities Markets and Emissions Trading: Towards a Low-Carbon Future - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T13:32:01+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future\\\/\",\"name\":\"Environmental Commodities Markets and Emissions Trading: Towards a Low-Carbon Future - 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{"id":8996,"date":"2012-12-19T08:20:32","date_gmt":"2012-12-19T08:20:32","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=8996"},"modified":"2024-08-19T14:32:01","modified_gmt":"2024-08-19T13:32:01","slug":"environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/environmental-commodities-markets-and-emissions-trading-towards-a-low-carbon-future\/","title":{"rendered":"Environmental Commodities Markets and Emissions Trading: Towards a Low-Carbon Future"},"content":{"rendered":"\n

Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions trading systems (ETS) for environmental control.<\/p>\n

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