Using the market to address climate change
Subtitle: insights from theory and experience
By: Joseph E. Aldy, Robert N. Stavins
Contributors: Stavins, R. N. (Robert N.), 1948-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17488; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17488.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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 standards.  We note that the U.S.  political response to possible market-based approaches to climate policy has been and will continue to be largely a function of issues and structural factors that transcend the scope of environmental and climate policy"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/15/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.