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- … mechanisms have numerous dimensions and there are many varieties of such systems. #121
- In emissions trading a … number of permits are created and each allows the emission of a stipulated amount of pollutant. #122
- Advocates of emissions trading mechanisms tend to claim that a number of virtues attach to the device, a first of these is … #123
- If … trading is allowed, moreover, this ensures that emissions are controlled in the most cost-effective global locations. #124
- A second claimed strength of emissions trading is strength. #125
- An emissions trading regime is also said to have the potential to deal with distributional issues, since it can control the assignment of emissions through the choice of initial allocation method for permits. #126
- Competition and coordination issues are said to be handled very poorly by emissions trading mechanisms. #127
- A further difficulty with emissions trading systems is uncertainty. #128
- Another major issue in emissions trading is the state of the market. #129
- In the UK, the risk based approach was institutionally endorsed most emphatically in … #130