Using the Market to Address Climate Change: Insights from Theory & Experience

DSpace/Manakin Repository

Using the Market to Address Climate Change: Insights from Theory & Experience

Citable link to this page

 

 
Title: Using the Market to Address Climate Change: Insights from Theory & Experience
Author: Aldy, Joseph Edgar; Stavins, Robert Norman

Note: Order does not necessarily reflect citation order of authors.

Citation: Aldy, Joseph, and Robert N. Stavins. "Using the Market to Address Climate Change: Insights from Theory & Experience." Deadalus 141.2 (Spring 2012): 45-60.
Full Text & Related Files:
Abstract: Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon-intensity of energy, and a more carbon-lean economy. The only technically feasible and cost-effective approach to achieving this goal on a meaningful scale is carbon pricing: that is, market-based climate policies that place a shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments: carbon taxes, cap and trade, and clean energy standards. We note that the U.S. political response to possible market-based approaches to climate policy has been, and will continue to be, largely a function of issues and structural factors that transcend the scope of environmental and climate policy.
Published Version: http://dx.doi.org/10.1162/DAED_a_00145
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:10605425
Downloads of this work:

Show full Dublin Core record

This item appears in the following Collection(s)

 
 

Search DASH


Advanced Search
 
 

Submitters