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The political roots of divergence in carbon market design: implications for linking
2018
Climate Policy
There is a substantial literature on optimal emissions trading system (ETS) designs, but relatively little on how organized political interests affect the design and operation of these economic instruments. This article looks systematically at the political economy of the diffusion of ETS designs and explores the implications for carbon-market linking. Contrary to expectations of convergenceas has been observed in many areas where economic policy diffuses across marketswe found substantial
doi:10.1080/14693062.2018.1551188
fatcat:zmbkizun5jc4blbmuvdbrxaahm