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Registros recuperados: 44 | |
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Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N.. |
We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance. The Kyoto Protocol does not fare well on a number of criteria, but none of the alternative proposals fare well along all six dimensions. We identify several major themes among the alternative proposals: Kyoto is "too little, too fast"; developing countries should play a more substantial role and receive incentives to participate; implementation should focus on market-based approaches, especially... |
Tipo: Working or Discussion Paper |
Palavras-chave: Policy architecture; Kyoto Protocol; Efficiency; Cost effectiveness; Equity; Participation; Compliance; Environmental Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/10541 |
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Stavins, Robert N.. |
There is growing impetus for a domestic U.S. climate policy that can provide meaningful reductions in emissions of CO2 and other greenhouse gases. I describe and analyze an up- stream, economy-wide CO2 cap-and-trade system which implements a gradual trajectory of emissions reductions (with inclusion over time of non-CO2 greenhouse gases), and includes mechanisms to reduce cost uncertainty. Initially, half of the allowances are allocated through auction and half through free distribution, with the share being auctioned gradually increasing to 100 percent over 25 years. The system provides for linkage with emission reduction credit projects in other countries, harmonization over time with effective cap-and-trade systems in other countries and regions, and... |
Tipo: Working or Discussion Paper |
Palavras-chave: Cap-and-Trade System; Carbon Dioxide; Greenhouse Gas Emissions; Global Climate Change; Carbon Taxes; Q540; Q280; Q380; Q480; Q580. |
Ano: 2008 |
URL: http://purl.umn.edu/42920 |
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Stavins, Robert N.. |
The Kyoto Protocol (1997) to the United Nations Framework Convention on Climate Change (1992) may come into force without U.S. participation, but its effects on climate change will be trivial. At the same time, the economic and scientific consensus points to the need for a credible international approach. A reasonable starting point is the Framework Convention on Climate Change (FCCC), which was signed by 161 nations and ratified by 50, including the United States, and entered into force in 1994. In this paper, I remain agnostic on the question of the Kyoto Protocol's viability. Some analysts see the agreement as deeply flawed, while others see it as an acceptable or even excellent first step. But virtually everyone agrees that the Protocol is not... |
Tipo: Working or Discussion Paper |
Palavras-chave: Global climate change; Global warming; Policy architecture; Kyoto Protocol; Environmental Economics and Policy; Q54; Q58; Q48; Q39. |
Ano: 2004 |
URL: http://purl.umn.edu/10720 |
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Newell, Richard G.; Stavins, Robert N.. |
The possibility of encouraging the growth of forests as a means of sequestering carbon dioxide has received considerable attention because of concerns about the threat of global climate change due to the greenhouse effect. In fact, this approach is an explicit element of both U.S. and international climate policies, partly because of evidence that growing trees to sequester carbon can be a relatively inexpensive means of combating climate change. But how sensitive are such estimates to specific conditions? We examine the sensitivity of carbon sequestration costs to changes in critical factors, including the nature of the management and deforestation regimes, silvicultural species, agricultural prices, and discount rates. We find, somewhat... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
Ano: 1999 |
URL: http://purl.umn.edu/10559 |
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Olmstead, Sheila M.; Stavins, Robert N.. |
Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies in recent decades. We offer an analysis of the relative merits of market-based and prescriptive approaches to water conservation, where prices have rarely been used to allocate scarce supplies. The analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost-effective than implementing non-price conservation programs, similar to results for pollution control in earlier decades. Price-based approaches also... |
Tipo: Working or Discussion Paper |
Palavras-chave: Cost-effectiveness; Water Conservation; Market-based Approaches; Policy Instrument Choice; Water Price; Q25; Q28; Q58; L95. |
Ano: 2008 |
URL: http://purl.umn.edu/42919 |
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Stavins, Robert N.. |
This article, prepared for the forthcoming second edition of the New Palgrave Dictionary of Economics, provides an overview of the economics of environmental policy. Included are the setting of goals and targets, notably the Kaldor-Hicks criterion, and the related method of assessment known as benefit-cost analysis. Also reviewed are the means of environmental policy, that is, the choice of specific policy instruments, featuring an examination of potential criteria for assessing alternative instruments, with focus on cost-effectiveness. The theoretical foundations and experiential highlights of individual instruments are reviewed, including conventional command-and-control mechanisms and market-based instruments. |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental economics; Efficiency; Cost-effectiveness; Benefit-cost analysis; Market-based instruments; Tradeable permits; Pollution taxes; Environmental Economics and Policy; K320; Q280; Q380; Q480. |
Ano: 2004 |
URL: http://purl.umn.edu/10841 |
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Stavins, Robert N.. |
The organizers of an Aspen Institute conference have identified what they characterize as "the critical conundrum" - how business, government, and communications media balance the competing values of economic growth and a healthy environment. In this paper, prepared for discussion at the conference, I focus on government policy, and ask how government integrates economic concerns into its development of environmental policies. In addition, I ask whether and how government should carry out such integration of economic and environmental concerns. I consider two dimensions of environmental policy, which are closely interrelated but conceptually distinct: (1) what is the appropriate (and actual) degree of government activity; and (2) what form should (and... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/10565 |
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Stavins, Robert N.. |
Environmental policies typically combine the identification of a goal with some means to achieve that goal. This chapter for the forthcoming Handbook of Environmental Economics focuses exclusively on the second component, the means - the "instruments" - of environmental policy, and considers, in particular, experience around the world with the relatively new breed of economic-incentive or market-based policy instruments. I define these instruments broadly, and consider them within four categories: charge systems; tradable permits; market friction reductions; and government subsidy reductions. Within charge systems, I consider: effluent charges, deposit-refund systems, user charges, insurance premium taxes, sales taxes, administrative charges, and tax... |
Tipo: Working or Discussion Paper |
Palavras-chave: Market-based policy; Economic incentives; Tradable permits; Emission taxes; Environmental Economics and Policy; Q28. |
Ano: 2001 |
URL: http://purl.umn.edu/10909 |
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Fullerton, Don; Stavins, Robert N.. |
On a topic like the environment, communication among scholars from different disciplines in the natural and social sciences is both important and difficult, but such communication has been far from perfect. Economists themselves may have contributed to some rather fundamental misunderstandings about how economists think about the environment, perhaps through our enthusiasm for market solutions, perhaps by neglecting to make explicit all of the necessary qualifications, and perhaps simply by the use of jargon that has specific meaning only to other economists. In this brief essay, we seek to clarify some of these misunderstandings and thus to improve future interdisciplinary communication. We hope that natural scientists and other non-economists will take... |
Tipo: Working or Discussion Paper |
Palavras-chave: Market failure; Economic analysis; Efficiency; Equity; Environmental Economics and Policy; Q2; H4; L51. |
Ano: 1998 |
URL: http://purl.umn.edu/10910 |
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Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot. |
Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of "sustainability." We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in the Kaldor-Hicks sense) and interpersonal compensation. In the inter-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity. Further, we argue that it is not unreasonable for economists to focus on the efficiency element, leaving equity considerations to the political... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2002 |
URL: http://purl.umn.edu/10810 |
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Stavins, Robert N.. |
This paper introduces a volume of collected papers on the political economy of environmental regulation: economic analyses of the processes through which political decisions regarding environmental regulation are made, principally in the institutional context found in the United States. Despite this geographic focus, many of the papers contain analytical models that are methodologically of interest and/or have lessons that are relevant in other parts of the world. In the environmental realm, questions of political economy emerge along three fundamental dimensions, which are closely interrelated but conceptually distinct: (1) the degree of government activity; (2) the form of government activity; and (3) the level of government that has responsibility. The... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2004 |
URL: http://purl.umn.edu/10876 |
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Registros recuperados: 44 | |
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