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The carbon trading game

Fouquet, Roger (2003) The carbon trading game. Climate Policy, 3 (supp 2). S143-S155. ISSN 1469-3062

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Identification Number: 10.1016/j.clipol.2003.09.011

Abstract

In response to the Kyoto Protocol, an international market for carbon dioxide tradable permits is likely to be created. Two of the key issues involved are explaining the concepts of tradable permits to industrialists, policy-makers and the man on the street, and anticipating how the market will evolve. A simple game of the market for carbon dioxide tradable permits has been developed and used that can help deal with both issues. As a pedagogical tool, this game benefits from simplicity (just a few pieces of paper are needed) and enables students to grasp the concepts and remember them through the intensity and fun of a trading ‘pit’. The experiences also provide substantial insights into the evolution of the carbon dioxide permit market, particularly related to the evolution of trade volume, permit prices and country strategies.

Item Type: Article
Official URL: http://www.tandfonline.com/loi/tcpo20
Additional Information: © 2003 Elsevier B.V.
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Date Deposited: 10 Jun 2013 15:46
Last Modified: 20 May 2020 01:01
URI: http://eprints.lse.ac.uk/id/eprint/50757

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