Klaassen, Ger; Nentjes, Andries - In: Environmental & Resource Economics 10 (1997) 2, pp. 125-146
USA. European policies have mainly taken the form of bubbles and compensation or offset schemes. Emission trading has been … rules. Bubbles have been granted to homogenous sectors only and can be characterized as direct regulation for a group rather … than tradable permit systems. By contrast, the sulphur allowance program in the USA has laid down the foundation for a …