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Local Options on Global Stocks: How the States are affecting the U.S. Debate on Climate Policy

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Abstract

This paper examines some of the implications of local policy-making with regard to the global issue of climate change. First, we assess what one may expect when small open economies, such as states, implement policies designed to affect global pollutants. Next, we briefly analyze some of the legal constraints on state actions. We then catalog some of the specific technologies used in the states to address carbon emissions. Finally, we provide some analysis of how states might implement emission control policies in a way that compensates important interests for some of their increased costs without losing the benefits of efficient policy design.

Suggested Citation

  • Dallas Burtraw & William Shobe, 2007. "Local Options on Global Stocks: How the States are affecting the U.S. Debate on Climate Policy," Working Papers 2007-02, Center for Economic and Policy Studies.
  • Handle: RePEc:vac:wpaper:wp07-02
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    File URL: http://econ.ccps.virginia.edu/RePEc_docs/ceps_docs/StatesandClimatePolicy.pdf
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    More about this item

    Keywords

    climate policy; environmental federalism; laboratories of democracy; states;

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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