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Governance Issues in a Multinational Cap-and-Trade System: Centralization and Harmonization

Denny Ellerman

in Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199656202
eISBN:
9780191742149
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199656202.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

The European Union’s CO2 Emissions Trading Scheme (EU ETS) has shown that cap-and-trade systems can work in a highly decentralized multinational setting, but that experience has also revealed some ... More


Emissions Trading in the US: Legal Issues

K Russell LaMotte, David M (Max) Williamson, and Lauren A Hopkins

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0018
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter offers a guide to the key legal issues presented by national and sub-national greenhouse gas (GHG) regulatory initiatives in the United States. Section 2 provides an overview of ... More


Offsets in the Emerging US Cap-and-Trade Programmes

Kyle W Danish

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0019
Subject:
Law, Environmental and Energy Law, Private International Law

As the United States moves forward from voluntary efforts to the establishment of mandatory cap-and-trade programmes for greenhouse gas (GHG) emissions, offsets have become a central issue of policy. ... More


Moving US Climate Policy Forward: Are Carbon Taxes the Only Good Alternative?

Ian Parry and Roberton C. Williams III

in Climate Change and Common Sense: Essays in Honour of Tom Schelling

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199692873
eISBN:
9780191738371
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199692873.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter estimates the welfare costs of the main medium‐term options for significantly reducing US energy‐related carbon dioxide (CO2) emissions, including carbon taxes and cap‐and‐trade systems ... More


The Role of Project-Based Mechanisms in the Future Carbon Market

Jos Cozijnsen and Michael J Coren

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0025
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter addresses the following question: ‘Can offset mechanisms help promote a low-carbon economy at a reasonable cost?’ The answer to this question is, yes. They are not the entirety of the ... More


Other Applications of the Public Benefit Model and Normative Reframing

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0005
Subject:
Political Science, Environmental Politics

After RGGI’s implementation in 2008, a series of political set backs led some to declare cap and trade “dead.” This chapter rejects the asserted demise of cap and trade, arguing that the public ... More


Accounting for Emissions: From Costless Activity to Market Operations *

Allan Cook

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0003
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter examines, in the context of the European Union's new Emissions Trading Scheme under the Kyoto Protocol, the issues surrounding the aborted attempt by the International Accounting ... More


Combining International Cap-and-Trade with National Carbon Taxes

Peter Heindl, Peter J. Wood, and Frank Jotzo

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the effects of combining an international cap-and-trade scheme with national carbon taxes. We consider a two-country stochastic partial equilibrium model with log-normally ... More


Addressing Climate Change with a Comprehensive US Cap-and-trade System

Robert N. Stavins

in The Economics and Politics of Climate Change

Published in print:
2009
Published Online:
April 2015
ISBN:
9780199573288
eISBN:
9780191808616
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199573288.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines how a comprehensive cap-and-trade system implemented in the United States can address climate change. It first considers previous cap-and-trade systems used in the United States ... More


Jim Rogers and the Politics of Accommodation

Jeremiah D. Lambert

in The Power Brokers: The Struggle to Shape and Control the Electric Power Industry

Published in print:
2015
Published Online:
May 2016
ISBN:
9780262029506
eISBN:
9780262330985
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029506.003.0007
Subject:
Business and Management, Business History

While Lovins addressed fossil fuels, renewables, and a carbon tax as a consultant and public intellectual, Jim Rogers, until recently the chief executive officer of Duke Energy, the nation’s largest ... More


Economics Is Not Enough: The “Old Model” of Cap and Trade

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0003
Subject:
Political Science, Environmental Politics

This chapter describes the “old” model of cap-and-trade policy design that largely controlled emissions trading policy from its origins in the 1970s through the 1990s, under which emissions trading ... More


How to Deal with External Effects

Geoffrey Heal

in Endangered Economies: How the Neglect of Nature Threatens Our Prosperity

Published in print:
2016
Published Online:
January 2019
ISBN:
9780231180849
eISBN:
9780231543286
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231180849.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

The classical approach to external costs is to levy corrective taxes. An alternative, the cap and trade system, builds on the idea that external effects arise from inadequately-defined property ... More


Cap and Trade: The Other Way to Price Pollution

Gilbert E. Metcalf

in Paying for Pollution: Why a Carbon Tax is Good for America

Published in print:
2019
Published Online:
January 2019
ISBN:
9780190694197
eISBN:
9780190694227
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190694197.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter reviews another way to put a price on pollution: establishing a cap and trade program. It describes what cap and trade is, how it puts a price on pollution, and its use around the world. ... More


Climate Change: The Challenges of Carbon Pricing

Christian de Perthuis and Pierre-André Jouvet

in Green Capital: A New Perspective on Growth

Published in print:
2015
Published Online:
May 2016
ISBN:
9780231171403
eISBN:
9780231540360
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231171403.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents the assessment methods available for moving from the previously constructed growth model to an understanding of the concrete conditions for the transition to a green economy. ... More


Belts and Suspenders: Interactions among Climate Policy Regulations

Arik Levinson

in The Design and Implementation of US Climate Policy

Published in print:
2012
Published Online:
September 2013
ISBN:
9780226269146
eISBN:
9780226921983
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226921983.003.0009
Subject:
Political Science, Environmental Politics

This chapter examines the interactions among different climate policy regulations. It focuses on the interactions between tradable greenhouse gas emissions permit systems (cap and trade) and the more ... More


Normative Reframing and the RGGI Revolution

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0004
Subject:
Political Science, Environmental Politics

This chapter provides a detailed analysis of the multi-year design process leading to the implementation of the Regional Greenhouse Gas Initiative (RGGI) in 2008. It considers the question: How did ... More


Tradable Emissions Permits with Offsets

Nathan Braun, Timothy Fitzgerald, and Jason Pearcy

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter extends the existing theory of tradable emissions permit markets to allow for tradable permits and offsets. Offsets are currently incorporated into the EU ETS, and in the future similar ... More


Conclusion

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0006
Subject:
Political Science, Environmental Politics

This chapter reviews the theory of normative reframing that is at the heart of the book’s explanation for sudden policy change, and the evidence of normative reframing’s role in the unprecedented ... More


Climate Change Policy: Managing More Heat in the World’s Kitchens

Michael J. Trebilcock

in Dealing with Losers: The Political Economy of Policy Transitions

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199370658
eISBN:
9780199370672
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199370658.003.0008
Subject:
Law, Constitutional and Administrative Law

One of the most intractable contemporary policy challenges facing the world is mitigating anthropogenic (i.e., human-caused) climate change, which has the potential to cause disastrous consequences ... More


Solving the Climate Problem

Geoffrey Heal

in Endangered Economies: How the Neglect of Nature Threatens Our Prosperity

Published in print:
2016
Published Online:
January 2019
ISBN:
9780231180849
eISBN:
9780231543286
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231180849.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

Ozone depletion and acid rain are problems that have some similarity to climate change – both are caused by the emission of gases that circulate widely, though neither has the scope and scale of the ... More


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