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FEEM Working Papers, Fondazione Eni Enrico Mattei >
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http://hdl.handle.net/10419/53358
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| Title: | | A meaningful US cap-and-trade system to address climate change  |
| Authors: | | Stavins, Robert N. |
| Issue Date: | | 2008 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 82.2008 |
| Abstract: | | There is growing impetus for a domestic U.S. climate policy that can provide meaningful reductions in emissions of CO2 and other greenhouse gases. In this article, I propose and analyze a scientifically sound, economically rational, and politically feasible approach for the United States to reduce its contributions to the increase in atmospheric concentrations of greenhouse gases. The proposal features an up-stream, economy-wide CO2 cap-and-trade system which implements a gradual trajectory of emissions reductions over time, and includes mechanisms to reduce cost uncertainty. I compare the proposed system with frequently discussed alternatives. In addition, I describe common objections to a cap-and-trade approach to the problem, and provide responses to these objections. |
| Subjects: | | Cap-and-Trade System Carbon Dioxide Greenhouse Gas Emissions Global Climate Change Carbon Taxes |
| JEL: | | Q54 Q28 Q38 Q48 Q58 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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