IDEAS home Printed from
   My bibliography  Save this paper

Paying for Greenhouse Gas Reductions: What Role for Fairness


  • Gilbert E. Metcalf


A market based approach focusing on a cap and trade system with auctioned permits would raise sums of money in the early years of the program. The Congressional Budget Office estimates the ten year revenue impact of the Clean Energy Jobs and American Power Act (S. 1733) at $854 billion for an emissions system that begins with an initial price of $17 per ton of carbon dioxide and rising to $30 by 2019. Who does that money belong to? The debate over climate policy in Washington DC has as much to do with the answer to this question as it does with the question of the appropriate level of controls on greenhouse gas emissions or safe levels of cumulative emissions over this century. This question transcends U.S. policy making as it is at the core of the debate over responsibility for emission reductions in the global discussion over international greenhouse gas policy.

Suggested Citation

  • Gilbert E. Metcalf, 2010. "Paying for Greenhouse Gas Reductions: What Role for Fairness," Discussion Papers Series, Department of Economics, Tufts University 0759, Department of Economics, Tufts University.
  • Handle: RePEc:tuf:tuftec:0759

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tuf:tuftec:0759. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marcus Weir). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.