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Registros recuperados: 9
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A Meaningful U.S. Cap-and-Trade System to Address Climate Change AgEcon
Stavins, Robert N..
Tipo: Working or Discussion Paper Palavras-chave: Cap-and-Trade System; Carbon Dioxide; Greenhouse Gas Emissions; Global Climate Change; Carbon Taxes; Environmental Economics and Policy; Q540; Q280; Q380; Q480; Q580.
Ano: 2008 URL: http://purl.umn.edu/44469
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A Spatiotemporal Fixed Effects Estimation of U.S. State-Level Carbon Dioxide Emissions AgEcon
Burnett, J. Wesley; Bergstrom, John C..
One of the major shortcommings of past environmental Kuznets curve (EKC) studies is that the spatiotemporal aspects within the data have largely been ignored. By ignoring the spatial aspect of pollution emissions past estimates of the EKC implicitly assume that a region’s emissions are unaffected by events in neighboring regions (i.e., assume there are no transboundary pollution emissions between neighbors). By ignoring the spatial aspects within the data several past estimates of the EKC could have generated biased or inconsistent regression results. By ignoring the temporal aspect within the data several past estimates of the EKC could have generated spurious regression results or misspecified t and F statistics. To address this potential...
Tipo: Conference Paper or Presentation Palavras-chave: Pollution Economics; Environmental Kuznets Curve; Spatial Econometrics; Dynamic Panel Data; Carbon Dioxide Emissions; Global Climate Change; Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; C33; C51; Q43; Q50; Q53; Q58.
Ano: 2011 URL: http://purl.umn.edu/103580
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Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System AgEcon
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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Interactions between State and Federal Climate Change Policies AgEcon
Goulder, Lawrence H.; Stavins, Robert N..
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA’s authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy developments. In the presence of federal policies, to what extent will state efforts be cost-effective? How does the co-existence of state- and federal-level policies affect the ability of state efforts to achieve emissions reductions? This paper addresses these questions. We find that state-level policy in the presence of a federal policy can be beneficial or problematic, depending on the nature of the overlap between the two systems, the relative stringency of...
Tipo: Working or Discussion Paper Palavras-chave: Global Climate Change; Federalism; Cap-And-Trade; Carbon Tax; Regulation; Environmental Economics and Policy; H110; H770; K320; L510; Q480; Q540.
Ano: 2010 URL: http://purl.umn.edu/93413
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Linkage of Tradable Permit Systems in International Climate Policy Architecture AgEcon
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
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The Problem of the Commons: Still Unsettled after 100 Years AgEcon
Stavins, Robert N..
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet - in regard to natural resources and environmental quality — has become a greater concern, particularly for common-property and open-access resources. The focus of this article is on some important, unsettled problems of the commons. Within the realm of natural resources, there are special challenges associated with renewable resources, which are frequently characterized by open access. An important example is the degradation of open-access fisheries. Critical commons problems are also...
Tipo: Working or Discussion Paper Palavras-chave: Common-Property Resource; Open-Access Resource; Fisheries; Global Climate Change; Land Economics/Use; Q220; Q280; Q500; Q540; Q580.
Ano: 2010 URL: http://purl.umn.edu/98048
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The Promise and Problems of Pricing Carbon: Theory and Experience AgEcon
Aldy, Joseph E.; Stavins, Robert N..
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among individual sources, conventional environmental policy approaches, such as uniform technology and performance standards, are unlikely to be sufficient to the task. Therefore, attention has increasingly turned to market-based instruments in the form of carbon-pricing mechanisms. We...
Tipo: Working Paper Palavras-chave: Global Climate Change; Market-Based Instruments; Carbon Pricing; Carbon Taxes; Cap-and-Trade; Emission Reduction Credits; Energy Subsidies; Clean Energy Standards; Environmental Economics and Policy; Q540; Q580; Q400; Q480.
Ano: 2011 URL: http://purl.umn.edu/119105
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Three Key Elements of Post-2012 International Climate Policy Architecture AgEcon
Olmstead, Sheila M.; Stavins, Robert N..
We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.
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: 2010 URL: http://purl.umn.edu/93412
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Using the Market to Address Climate Change: Insights from Theory and Experience AgEcon
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
Registros recuperados: 9
Primeira ... 1 ... Última
 

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