Article on Tradable Permits in Developing Countries

Jessica Coria and Thomas Sterner ‘Tradable Permits in Developing Countries: Evidence from air pollution in Chile’ 2010 (19:2) The Journal of Environment and Development 145-170

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This article looks closely at the program’s performance over the past 10 years, stressing its similarities and discrepancies with trading programs implemented in developed countries and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago’s experience Continue reading


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