To trade or not to trade: Firm-level analysis of emissions trading in Santiago, Chile

Research output: Contribution to journalArticle


Whether tradable permits are appropriate for use in transition and developing economies-given special social and cultural circumstances, such as the lack of institutions and lack of expertise with market-based policies-is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allows us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries. (C) 2010 Elsevier Ltd. All rights reserved.


  • Jessica Coria
  • A Lofgren
  • T Sterner
External organisations
  • University of Gothenburg
Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Earth and Related Environmental Sciences


  • Tradable permits, Developing countries, Environmental policy, Environmental institutions
Original languageEnglish
Pages (from-to)2126-2133
JournalJournal of Environmental Management
Issue number11
Publication statusPublished - 2010
Publication categoryResearch
Externally publishedYes