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The Economics of Climate Policy

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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 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

  • Kolstad, Charles D. & Toman, Michael, 2001. "The Economics of Climate Policy," Discussion Papers 10783, Resources for the Future.
  • Handle: RePEc:ags:rffdps:10783
    DOI: 10.22004/ag.econ.10783
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    Cited by:

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    2. Stavins, Robert & Hahn, Robert & Cavanagh, Sheila, 2001. "National Environmental Policy During the Clinton Years," Discussion Papers dp-01-38, Resources For the Future.
    3. Sheila M. Olmstead & Robert N. Stavins, 2012. "Three Key Elements of a Post-2012 International Climate Policy Architecture," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 6(1), pages 65-85.
    4. Bård Harstad, 2018. "Pledge-and-Review Bargaining," CESifo Working Paper Series 7296, CESifo.
    5. Bård Harstad, 2016. "The Dynamics of Climate Agreements," Journal of the European Economic Association, European Economic Association, vol. 14(3), pages 719-752.
    6. Joungseok Park, 2016. "The Strategic Manipulation of Asymmetric Climate Conflicts," Working Papers 16-21, Department of Economics, Appalachian State University.
    7. André Grimaud & Luc Rouge, 2009. "Séquestration du carbone et politique climatique optimale," Economie & Prévision, La Documentation Française, vol. 0(4), pages 53-69.
    8. Kováč, Eugen & Schmidt, Robert C., 2021. "A simple dynamic climate cooperation model," Journal of Public Economics, Elsevier, vol. 194(C).
    9. Rodrigues, João & Domingos, Tiago & Conceição, Pedro & Belbute, José, 2005. "Constraints on dematerialisation and allocation of natural capital along a sustainable growth path," Ecological Economics, Elsevier, vol. 54(4), pages 382-396, September.
    10. Marco Battaglini & Bård Harstad, 2016. "Participation and Duration of Environmental Agreements," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 160-204.
    11. Scott Barrett & Robert Stavins, 2003. "Increasing Participation and Compliance in International Climate Change Agreements," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 3(4), pages 349-376, December.
    12. Sareh Vosooghi, 2017. "Information Design In Coalition Formation Games," Working Papers 2017.28, Fondazione Eni Enrico Mattei.
    13. Johan Eyckmans & Michael Finus, 2004. "An Empirical Assessment of Measures to Enhance the Success of Global Climate Treaties," Energy, Transport and Environment Working Papers Series ete0406, KU Leuven, Department of Economics - Research Group Energy, Transport and Environment.
    14. P. Ding & M. D. Gerst & G. Bang & M. E. Borsuk, 2015. "An Application of Automated Mediation to International Climate Treaty Negotiation," Group Decision and Negotiation, Springer, vol. 24(5), pages 885-903, September.
    15. M. Gallastegui & M. González-Eguino & I. Galarraga, 2012. "Cost effectiveness of a combination of instruments for global warming: a quantitative approach for Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 3(1), pages 111-132, March.
    16. Grimaud, André & Lafforgue, Gilles & Magné, Bertrand, 2011. "Climate change mitigation options and directed technical change: A decentralized equilibrium analysis," Resource and Energy Economics, Elsevier, vol. 33(4), pages 938-962.
    17. Stavins, Robert, 2004. "Can an Effective Global Climate Treaty be Based on Sound Science, Rational Economics, and Pragmatic Politics?," Working Paper Series rwp04-020, Harvard University, John F. Kennedy School of Government.
    18. Sheila M. Olmstead & Robert N. Stavins, 2006. "An International Policy Architecture for the Post-Kyoto Era," American Economic Review, American Economic Association, vol. 96(2), pages 35-38, May.
    19. Bornstein, Nicholas & Lanz, Bruno, 2008. "Voting on the environment: Price or ideology? Evidence from Swiss referendums," Ecological Economics, Elsevier, vol. 67(3), pages 430-440, October.
    20. Lavee, D. & Menachem, O., 2018. "Economic valuation of the existence of the southwestern basin of the Dead Sea in Israel," Land Use Policy, Elsevier, vol. 71(C), pages 160-169.
    21. Majah-Leah Ravago & James Roumasset & Kimberly Burnett, 2008. "Resource management for Sustainable Development of Island Economies," Working Papers 200804, University of Hawaii at Manoa, Department of Economics.
    22. Aaheim, Asbjørn, 2010. "The determination of optimal climate policy," Ecological Economics, Elsevier, vol. 69(3), pages 562-568, January.
    23. Stavins, Robert, 2000. "Economic Analysis of Global Climate Change Policy: A Primer," Working Paper Series rwp00-003, Harvard University, John F. Kennedy School of Government.
    24. Fuhai Hong & Susheng Wang, 2012. "Climate Policy, Learning, and Technology Adoption in Small Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(3), pages 391-411, March.

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    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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