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dc.contributor.authorAldy, Joseph E.en_US
dc.contributor.authorStavins, Robert N.en_US
dc.date.accessioned2011-10-11en_US
dc.date.accessioned2011-12-15T11:32:36Z-
dc.date.available2011-12-15T11:32:36Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53294-
dc.description.abstractEmissions 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.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development 73.2011en_US
dc.subject.jelQ54en_US
dc.subject.jelQ58en_US
dc.subject.jelQ40en_US
dc.subject.jelQ48en_US
dc.subject.ddc330en_US
dc.subject.keywordGlobal Climate Changeen_US
dc.subject.keywordMarket-Based Instrumentsen_US
dc.subject.keywordCarbon Pricingen_US
dc.subject.keywordCarbon Taxesen_US
dc.subject.keywordCap-And-Tradeen_US
dc.subject.keywordClean Energy Standardsen_US
dc.titleUsing the market to address climate change: Insights from theory and experienceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669577634en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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