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Price Is a Better Climate Commitment

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  • Cramton Peter
  • Stoft Steven

Abstract

At the international level, a global carbon price is a better form of commitment to reduce carbon emissions than a system of national caps. Peter Cramton and Steven Stoft outline a price-based approach that is simple, effective, and remarkably affordable.

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Bibliographic Info

Article provided by De Gruyter in its journal The Economists' Voice.

Volume (Year): 7 (2010)
Issue (Month): 1 (February)
Pages: 1-7

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Handle: RePEc:bpj:evoice:v:7:y:2010:i:1:n:3

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Cited by:
  1. Roberton C. Williams III, 2010. "Growing State-Federal Conflicts in Environmental Policy: The Role of Market-Based Regulation," NBER Working Papers 16184, National Bureau of Economic Research, Inc.
  2. Peter Cramton & Steven Stoft, 2010. "International Climate Games: From Caps to Cooperation," Papers of Peter Cramton 10icg, University of Maryland, Department of Economics - Peter Cramton, revised 2010.
  3. Holtsmark, Bjart & Sommervoll, Dag Einar, 2012. "International emissions trading: Good or bad?," Economics Letters, Elsevier, vol. 117(1), pages 362-364.

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