Climate Change Library Library b. U.S. State, Multi-State, and National Policies Emissions Trading / Cap and Trade Climate Change Library
Emissions Trading / Cap and Trade
A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions
From the abstract: "This paper reviews alternative (national and international) climate change mitigation policy instruments and interactions across them. Carbon taxes, cap-and-trade schemes, standards and technology-support policies (R&D and clean technology deployment) in particular are assessed according to three broad cost-effectiveness criteri ...
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Romain Duval
Organisation for Economic Co-operation and Development Economics Department Working Paper No. 636, September 2008
Objectives: Theoretical Modeling,Policies & Legislation,Evaluating Programs
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor NationsFor Economists|For the Public
Addressing Climate Change: The Politics of the Policy Options
Several years ago the preferred option among climate policy analysts was for a carbon tax, offset by corresponding reductions in income and other taxes. Because of the success of the SO2 model and the perception that anything labeled a “tax” would be politically infeasible, interest shifted to a cap-and-trade approach. But the SO2 experience is n ...
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Elaine Kamarck
The U.S. Climate Task Force, June 2009
Objectives: Policies & Legislation,Evaluating Proposals,Analyzing Opinions & Attitudes
Geographic Focus: US OnlyFor Specialized Analysts|For the Public
Addressing Price Volatility in Climate Change Legislation
In his testimony before the House Ways and Means Committee, Dallas Burtraw suggests incorporating price floors and ceilings for carbon permits in order to reduce the riskiness of investments in less carbon-intensive technologies, minimize economic disruption and combat manipulative practices in permit markets.
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Dallas Burtraw
Resources for the Future Congressional Testimony, March 2009
Objectives: Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US OnlyFor Economists|For the Public
An Experimental Analysis of Auctioning Emissions Allowances under a Loose Cap
Abstract: The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study is motivated by the observation that all of the major implementations of cap-and- trade regulations for the control of air pollution have started with a generous allocation of allowances relative to recent emissions histo ...
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William Shobe, Karen Palmer, Erica Myers, Charles Holt, Jacob Goeree, and Dallas Burtraw
Resources for the Future Discussion Paper 09-25, June 2009
Objectives: Theoretical Modeling,Policies & Legislation
Geographic Focus: US OnlyFor Economists
Balancing the Carbon Market: Overview of Carbon Price Estimates
From the executive summary: For this report, we performed a literature review of scientific models that calculate a global carbon price. The search ultimately yielded thirty studies presenting results from twenty-seven different scientific models for a total of seventy-six observations and six projections from private actors on the carbon market. O ...
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Tjaša Bole
Energy Research Center of the Netherlands, March 2009
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other Countries,EU and Member StatesFor Economists|For Specialized Analysts
Building a Green Economy
Nobel Prize winning economist Paul Krugman provides a review of climate change economics and then discusses the processes of - and logic for -building a green conomy in the United States now, while facing 10% unemployment. This article from the New York Times Magazine is accompanied by readers' comments which contain many other arguments, pro and ...
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Krugman, Paul
New York Times Sunday Magazine, April 5, 2010
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other CountriesFor the Public
Building Bridges: State of the Voluntary Carbon Markets 2010
This paper provides a broad overview of the current major voluntary carbon markets.From the Introduction:"State of the Voluntary Carbon Market 2010: Building Bridges is the fourth edition of an analysis Ecosystem Marketplace and Bloomberg New Energy Finance first teamed up to create in 2007. In response to a “black hole” of information, the report ...
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Katherine Hamilton, Milo Sjardin, Molly Peters-Stanley, and Thomas Marcello
Bloomberg New Energy Finance, New York, NY, Ecosystem Marketplace, Washington, DC: 14 June 2010
Objectives: Evaluating Programs
Geographic Focus: US and Other CountriesFor Specialized Analysts
Cap And Dividend: A State-By-State Analysis
From the Abstract:
“The impacts on consumers of a cap on carbon
emissions will vary across income brackets and
across the 50 states. This paper provides statelevel
estimates of these impacts by income
decile. We then estimate the net effect of a
cap-and-dividend policy in which all carbon
permits are auctioned and 80% of the revenue
is retu ...
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James K. Boyce & Matthew E. Riddle
Political Economy Research Institute University of Massachusetts, Amherst: August 2009
Objectives: Forecasting Impacts,Policies & Legislation
Geographic Focus: US OnlyFor Economists|For Specialized Analysts
Cap and Invest: Why Auctioning gains Prominence in the EU’s Emissions Trading Scheme
"The trading of emission allowances has gained increasing prominence
as a key climate protection policy throughout the world. The findings
of the analysis by Dennis Taenzler and Sybil Steuwer of Berlin based
think-tank Adelphi Research suggest that the establishment of emissions
trading is currently entering a decisive stage since arguments a ...
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Dennis Tänzler and Sibyl Steuwer of Adelphi Research
Washington, DC: Heinrich Böll Foundation North America, July, 2009
Cap and Trade Can Fight Global Warming Effectively While Also Protecting Consumers
This short briefing paper explains how the recycling of cap-and-trade revenues can minimize the economic burden of such a program on lower and middle income households while delivering substantial environmental benefits.
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Chad Stone, Hannah Shaw, and Sharon Parrott
Center on Budget and Policy Priorities, March 2009
Objectives: Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US OnlyFor the Public
Cap and Trade Is Not Enough: Improving U.S. Climate Policy
While a cap and trade program is necessary for controlling carbon emissions, it will not be sufficient, at least not at the carbon price levels currently seen as politically feasible. Targeted programs in electric power generation, building standards and motor vehicles will be necessary to induce the technological and behavioral changes needed to ...
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Constantine Samaras, Jay Apt, Inês L. Azevedo, Lester B. Lave, M. Granger Morgan and Edward S. Rubin
Department of Engineering and Public Policy, Carnegie Mellon University, March 2009
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor Specialized Analysts|For the Public
Carbon 2010: Return of the Sovereign
This report summarizes Point Caron's fifth annual survey of individuals involved in national and international carbon markets. The survey assesses industry attitudes towards carbon markets in the EU, the US, and other countries, and towards international mechanisms such as the UNFCCC's Clean Development and Joint Implementation mechanisms ...
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Tvinnereim, Endre and Røine, Kjetil
Point Carbon Training Analytics and Research: Amsterdam, March 2010
Objectives: Policies & Legislation,Evaluating Programs,Analyzing Opinions & Attitudes
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor Nations,Asia and OceaniaFor Economists|For Specialized Analysts|For the Public
Clean-Energy Debate Guide
From the introduction: The American Clean Energy and Security Act, H.R. 2454, would cre- ate jobs, reduce oil dependence, cut global warming pollution, and increase American competitiveness. It is a fragile compromise with support from utilities, energy companies, labor unions, and environmentalists. Despite its broad ap- peal conservative op ...
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Center for American Progress Action Fund
Center for American Progress Action Fund, June 2009
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor the Public
Climate Change and Sustainable Energy Policies in Europe and the United States
The Natural Resources Defense Council and the Institute for European Environmental Policy have published this report on their joint project - Transatlantic Platform for
Action on the Global Environment.
That project "has provided a platform for debate to stimulate dialogue and
exchange of experiences between environmental NGOs, academia an ...
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Natural Resources Defense Council and Institute for European Environmental Policy staff
Washington, DC and Brussels, Belgium: Natural Resources Defense Council and the Institute for European Environmental Policy, September, 2008
Objectives: Policies & Legislation,Evaluating Programs,Evaluating Proposals,Analyzing Opinions & Attitudes
Geographic Focus: US and Other Countries,EU and Member StatesFor the Public
Combining a Renewable Portfolio Standard with a Cap-and-Trade Policy: A General Equilibrium Analysis
This paper models the effects of a hybrid climate policy that uses both renewable portfolio standards and cap-and-trade systems.Abstract:"Many efforts to address greenhouse gas emissions combine a cap-and-trade system with other measures such as a renewable portfolio standard. In this paper we use a computable general equilibrium (CGE) model, the M ...
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Jennifer F. Morris, John M. Reilly, and Sergey Paltsev
MIT Joint Program on the Science and Policy of Global Change, Cambridge, MA: July 2010
Objectives: Theoretical Modeling,Policies & Legislation,Evaluating Programs
Geographic Focus: US and Other CountriesFor Economists
Cost-Effective GHG Reductions through Smart Growth & Improved Transportation Choices
Subtitled: An economic case for investment of cap-and-trade revenues
From the Executive Summary:
“Nearly one third of greenhouse gas (GHG) emissions in the U.S. come from the transportation sector, making it the nation’s largest end-use source of emissions. Moreover, transportation is the fastest growing source of U.S. emissions, accou ...
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Steve Winkelman Allison Bishins Chuck Kooshian
Center for Clean Air Policy Transportation and Climate Change Program June 2009
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor Specialized Analysts|For the Public
Designing Climate Mitigation Policy
Abstract: This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument choice, technological innovation, and international climate policy. We begin with the broadest issue of ...
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Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, and William A. Pizer
Resources for the Future Discussion Paper No. 08-16, May 2009
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other CountriesFor Economists|For the Public
Differentiation in the CDM: Options and Impacts
From the website: The clean development mechanism (CDM) is an instrument yielding emission credits from projects in developing countries, that industrialised countries can use to comply with their emission targets, and currently includes over 4000 projects. However, policymakers and scientists have raised concerns with respect to the functioning of ...
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Stefan Bakker, Raouf Saïdi, Harro van Asselt, Joyeeta Gupta and Constanze Haug
Netherlands Environmental Assessment Agency Report 500102 023, May 2009
Objectives: Policies & Legislation,Evaluating Programs
Geographic Focus: Rich and Poor NationsFor Specialized Analysts
Discussion Draft Summary of the American Clean Energy and Security Act of 2009
This provides a brief summary of the main features of the American Clean Energy and Security Act (Waxman-Markey), as of June 16, 2009.
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US House of Representatives
US House of Representatives, June 2009
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor the Public
Economic Insights from Modeling Analyses of H.R. 2454 - the American Clean Energy and Security Act (...
This report reviews different studies modeling the environmental and economic effects of H.R. 2454.Executive Summary:"Economic models are an important tool for evaluating the potential impact of proposed legislation on our economy. This brief compares modeling analyses of the House-passed clean energy and climate bill (H.R. 2454) conducted by seven ...
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Pew Center on Global Climate Change
Pew Center on Global Climate Change, Arlington, VA: January 2010
Objectives: Theoretical Modeling,Evaluating Proposals
Geographic Focus: US OnlyFor Economists
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