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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


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


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


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


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