|
|
|
|
|
| Jaffe, Judson; Stavins, Robert N.. |
| Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of greenhouse gases throughout the industrialized world, and the Clean Development Mechanism — an international emission-reduction-credit system — has developed a substantial constituency, despite some concerns about its performance. Because linkage between tradable permit systems can reduce compliance costs and improve market liquidity, there is great interest in linking cap-and-trade systems to each other, as well as to the CDM and other credit systems. We examine the benefits and concerns associated with various types of linkages, and analyze the near-term and long-term role that linkage may play in a future international climate policy... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Linkage; Cap-and-Trade; Tradable Permits; Global Climate Change; Environmental Economics and Policy; F500; Q200; Q400; Q500. |
| Ano: 2008 |
URL: http://purl.umn.edu/46624 |
| |
|
| |
|
|
| Aldy, Joseph E.; Stavins, Robert N.. |
| Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon-intensity of energy, and – more broadly – a more carbon-lean economy. The only approach to doing this on a meaningful scale that would be technically feasible and cost-effective is carbon pricing, that is, market-based climate policies that place a shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments – carbon taxes, cap-and-trade, and clean energy... |
| Tipo: Working Paper |
Palavras-chave: Global Climate Change; Market-Based Instruments; Carbon Pricing; Carbon Taxes; Cap-And-Trade; Clean Energy Standards; Environmental Economics and Policy; Q540; Q580; Q400; Q480. |
| Ano: 2011 |
URL: http://purl.umn.edu/119095 |
| |
|
|
|
