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Published online by Cambridge University Press: 16 November 2021
1 See Tietenberg, T.H., Emissions Trading: Principles and Practice, 2nd edn (RFF Press, 2006)Google Scholar; Ackerman, B. & Stewart, R.B., ‘Reforming Environmental Law’ (1985) 37(5) Stanford Law Review, pp. 1333–65CrossRefGoogle Scholar.
2 See Driesen, D.M., ‘Free Lunch or Cheap Fix: The Emissions Trading Idea and the Climate Change Convention’ (1998) 26(1) Boston College Environment Affairs Law Review, pp. 1–88Google Scholar; McAllister, L.K., ‘Beyond Playing Banker: The Role of the Regulatory Agency in Emissions Trading’ (2007) 59(2) Administrative Law Review, pp. 269–313Google Scholar.
3 Boyd, W., ‘The Poverty of Theory: Public Problems, Instrument Choice, and the Climate Emergency’ (2021) 46(2) Columbia Journal of Environmental Law, pp. 399–487Google Scholar, at 461–7.
4 See Ranson, M. & Stavins, R.N., ‘Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience’ (2016) 16(3) Climate Policy, pp. 284–300CrossRefGoogle Scholar; Mehling, M.A., Metcalf, G.E. & Stavins, R.N., ‘Linking Climate Polities to Advance Global Mitigation’ (2018) 359(6379) Science, pp. 997–8CrossRefGoogle Scholar.
5 Directive 2003/87/EC establishing a Scheme for Greenhouse Gas Emission Allowance Trading within the Community and amending Council Directive 96/61/EC [2003] OJ L 275/32.
6 Global Warming Solutions Act of 2006 (State of California).
7 See Western Climate Initiative (WCI), ‘Design Summary: Design for the WCI Regional Program’, 27 July 2010, available at: https://www.environnement.gouv.qc.ca/changements/carbone/documents-WCI/cadre-mise-en-oeuvre-WCI-en.pdf; Arup, C. & Zhang, H., ‘Lessons from Regulating Carbon Offset Markets’ (2015) 4(1) Transnational Environmental Law, pp. 69–100CrossRefGoogle Scholar.
8 RGGI, ‘Overview of RGGI CO2 Budget Trading Program’, available at: http://www.rggi.org/docs/program_summary_10_07.pdf.