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The Economics of Climate Policy

In: Handbook of Environmental Economics

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  • Kolstad, Charles D.
  • Toman, Michael

Abstract

Economics has played an increasingly important role in shaping policy, in the United States and elsewhere. This chapter 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 chapter concludes with a discussion of the political economy of greenhouse gas control in an international context.

Suggested Citation

  • Kolstad, Charles D. & Toman, Michael, 2005. "The Economics of Climate Policy," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618, Elsevier.
    • Handle: RePEc:eee:envchp:3-30
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