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Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions

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  • Gilbert E. Metcalf

Abstract

The United States is moving closer to enacting a policy to reduce domestic emissions of greenhouse gases. A key element in any plan to reduce emissions will be to place a price on greenhouse gas emissions. This paper discusses the different approaches that can be taken to price emissions and assesses their strengths and weaknesses.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.23.2.5
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 23 (2009)
Issue (Month): 2 (Spring)
Pages: 5-27

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Handle: RePEc:aea:jecper:v:23:y:2009:i:2:p:5-27

Note: DOI: 10.1257/jep.23.2.5
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References

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Cited by:
  1. Burtraw, Dallas & Linn, Joshua & Palmer, Karen & Paul, Anthony, 2014. "The Costs and Consequences of Clean Air Act Regulation of CO2 from Power Plants," Discussion Papers, Resources For the Future dp-14-01, Resources For the Future.
  2. Robert N. Stavins, 2010. "The Problem of the Commons: Still Unsettled after 100 Years," Working Papers, Fondazione Eni Enrico Mattei 2010.131, Fondazione Eni Enrico Mattei.
  3. Heutel, Garth, 2011. "How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks," Working Papers 11-8, University of North Carolina at Greensboro, Department of Economics.
  4. Garth Heutel, 2011. "Online Appendix to "How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks"," Technical Appendices 10-62, Review of Economic Dynamics.
  5. Yazid Dissou & Lilia Karnizova, 2012. "Emissions Cap or Emissions Tax? A Multi-sector Business Cycle Analysis," Working Papers, University of Ottawa, Department of Economics 1210E, University of Ottawa, Department of Economics.
  6. Rausch, Sebastian & Mowers, Matthew, 2014. "Distributional and efficiency impacts of clean and renewable energy standards for electricity," Resource and Energy Economics, Elsevier, Elsevier, vol. 36(2), pages 556-585.
  7. Carolyn Fischer & Garth Heutel, 2013. "Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change," Annual Review of Resource Economics, Annual Reviews, Annual Reviews, vol. 5(1), pages 197-210, 06.
  8. Olmstead, Sheila M. & Stavins, Robert Norman, 2010. "Three Key Elements of Post-2012 International Climate Policy Architecture," Scholarly Articles 4448992, Harvard Kennedy School of Government.
  9. Olmstead, Sheila M. & Stavins, Robert N., 2009. "An Expanded Three-Part Architecture for Post-2012 International Climate Policy," Working Paper Series, Harvard University, John F. Kennedy School of Government rwp09-036, Harvard University, John F. Kennedy School of Government.
  10. Omid Sabbaghi & Navid Sabbaghi, 2014. "An empirical analysis of the Carbon Financial Instrument," Journal of Economics and Finance, Springer, Springer, vol. 38(2), pages 209-234, April.

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