The promise and problems of pricing carbon
Subtitle: theory and experience
By: Joseph E. Aldy, Robert Stavins
Contributors: Stavins, R. N. (Robert N.), 1948-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17569; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17569.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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 examine the opportunities and challenges associated with the major options for carbon pricing: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 1/12/2012.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.