Carbon Emissions Trading. EU Environmental Policy. This presentation covers. Can carbon markets be part of the answer in controlling climate change? What is the basic economics of carbon trading? Is the EU system working? What are the alternatives / complements?
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EU Environmental Policy
The USA has the highest per capita emissions of carbon but China and India and other Asian countries have huge populations – putting increased pressure on carbon emissions
The fool’s gold of carbon trading
Marginal social cost (supply)
Marginal private cost (supply)
Marginal private benefit (demand)
Social Optimal Output
Private Optimal Output