Institutional Feasibility - the end or the means in emissions trading?: Evaluating the New Zealand Emissions Trading Scheme
Abstract: This thesis evaluates the institutional feasibility of the New Zealand Emission Trading Scheme (NZ ETS) policy during its formation, design, and implementation as well as how the related changes in the regulatory framework affected the policy and market behaviour. Using a set of complementary analytical methods, the research investigates the institutional developments and complexities of the NZ ETS, including (i) technical, political and instrumental uncertainties; (ii) institutional experience and learning; (iii) political acceptance during design, formation, and implementation; (iv) administrative capacity; and (v) market behaviour to achieve cost-effective compliance. The findings of this thesis help answer questions concerning critical endogenous (e.g. design aspects) and exogenous conditions (e.g. global carbon market) that have affected or framed the political acceptability and administrative burden of the NZ ETS.
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