Center for Sustainability Science and Strategy: Recent submissions
Now showing items 172-174 of 337
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The EU’s Emissions Trading Scheme: A Prototype Global System?
(MIT Joint Program on the Science and Policy of Global Change, 2009-02)The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical, institutional, and ... -
Designing a U.S. Market for CO2
(MIT Joint Program on the Science and Policy of Global Change, 2009-02)In this paper we focus on one component of the cap-and-trade system: the markets that arise for trading allowances after they have been allocated or auctioned. The efficient functioning of the market is key to the success ... -
Probabilistic Forecast for 21st Century Climate Based on Uncertainties in Emissions (without Policy) and Climate Parameters
(MIT Joint Program on the Science and Policy of Global Change, 2009-01)The MIT Integrated Global System Model is used to make probabilistic projections of climate change from 1861 to 2100. Since the model's first projections were published in 2003 substantial improvements have been made to ...


