PERMISOS COMERCIABLES DE EMISIÓN EN CHILE.

Chile has pioneered the implementation of emission offseting programs pursuing simultaneously economic growth and environmental protection. In this paper, emission trading programs implemented in Santiago of Chile are analyzed and its relevance for developing countries is evaluated. It is argued that emission trading programs can be the best tool to deal with air pollution problems even in cases in which the institutional capacities are not well developed. Moreover, the inclusion of the transport system into the emission trading programs and the possibility of moving towards a system of interpollutant exchange are both nouvelle and relevant elements in the context of air pollution control policies. However, these innovations involve rather more complex elements in the design of emission trading programs. [ABSTRACT FROM AUTHOR]