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The Economics of Climate Policy

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  • Toman, Michael
  • Kolstad, Charles

Abstract

Economics has played an increasingly important role in shaping policy, in the United States and elsewhere. This paper reviews some of the dimensions of the economic approach to analyzing, understanding, and developing solutions to the problem of climate change. We then turn to the issue of designing regulatory instruments to control the problem. The paper concludes with a discussion of the political economy of greenhouse gas control in an international context.

Suggested Citation

  • Toman, Michael & Kolstad, Charles, 2000. "The Economics of Climate Policy," RFF Working Paper Series dp-00-40, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-00-40
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    More about this item

    Keywords

    climate change; climate policy design; integrated assessment; environmental policy coordination;
    All these keywords.

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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