Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

Post-Durban Climate Policy Architecture Based on Linkage of Cap- and-Trade Systems

The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential climate policy architect...

Linkage of Tradable Permit Systems in International Climate Policy Architecture

Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of greenhouse gases throughout the industrialized world, and the Clean Development Mechanism — an international emission-reduction-credit system — has developed a substantial constituency, despite some concerns about its performance. Because linkage between tradable permit systems can red...

Group Linkage of Tradable Permit Systems in International Climate Policy Architecture

The Incidence of U.S. Climate Policy: Alternative Uses of Revenuse from a Cap-and-Trade Auction

This paper evaluates the costs to households of a carbon dioxide (CO2) cap-and-trade program. We find important variation in the distribution of costs of the policy across 11 regions of the country and income deciles. The introduction of a price on CO2 is regressive, but this may be outweighed by the distribution value of CO2 emissions allowances. We evaluate five alternatives: three are progre...

Cap - and - trade , crowding out , and the implications for municipal climate policy motivations

Cities have emerged as important actors in climate change policy, implementing measures to reduce emissions from transportation, buildings and waste. More recently, states such as California have implemented cap-and-trade programs to control greenhouse gases. However, a state-level cap handcuffs cities: by fixing emissions at the level of the cap, it precludes local governments from further red...