Comment: Legal Liability as Climate Change Policy
AbstractSeveral U.S. states have attempted to use of legal liability imposed on greenhouse gas emitters as a public policy instrument for climate change. This brief comment considers the desirability of this approach, focusing on three possible roles for climate change liability: as a source of compensation, as a direct influence on greenhouse gas concentrations, and as a means to facilitate the adoption of ex ante public policies to control greenhouse gases. The strongest argument for liability may be that the threat of liability improves the chances that climate change policies will use more efficient, revenue-raising instruments.
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Bibliographic InfoPaper provided by Rutgers University, Department of Economics in its series Departmental Working Papers with number 200703.
Length: 20 pages
Date of creation: 21 Feb 2007
Date of revision:
Publication status: forthcoming in University of Pennsylvania Law Review
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Environmental policy; Law and economics; Revenue recycling;
Find related papers by JEL classification:
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports:
- NEP-AGR-2007-03-10 (Agricultural Economics)
- NEP-ALL-2007-03-10 (All new papers)
- NEP-ENE-2007-03-10 (Energy Economics)
- NEP-ENV-2007-03-10 (Environmental Economics)
- NEP-LAW-2007-03-10 (Law & Economics)
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