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Endangered Economies: How the Neglect of Nature Threatens Our Prosperity

Geoffrey Heal

Published in print:
2016
Published Online:
January 2019
ISBN:
9780231180849
eISBN:
9780231543286
Item type:
book
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231180849.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

In the decades since Geoffrey Heal began his field-defining work in environmental economics, one central question has animated his research: "Can we save our environment and grow our economy?" This ... 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


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


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


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


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


Cap and Trade-Offs

Michael Méndez

in Climate Change from the Streets: How Conflict and Collaboration Strengthen the Environmental Justice Movement

Published in print:
2020
Published Online:
May 2020
ISBN:
9780300232158
eISBN:
9780300249378
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300232158.003.0005
Subject:
Political Science, Public Policy

This chapter focuses on state-level implementation of climate policy via a climate change community benefits fund. Describes how activists helped institutionalize the country’s first program to ... More


Energy Efficiency and Climate Change

David Vogel

in California Greenin': How the Golden State Became an Environmental Leader

Published in print:
2019
Published Online:
May 2020
ISBN:
9780691196176
eISBN:
9781400889594
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691196176.003.0007
Subject:
Political Science, Environmental Politics

This chapter describes how, for four decades, California has been at the forefront of national efforts to improve energy efficiency and reduce greenhouse gas emissions. These initiatives began with ... More


Can We Price Carbon?

Barry G. Rabe

Published in print:
2018
Published Online:
September 2019
ISBN:
9780262037952
eISBN:
9780262346580
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262037952.001.0001
Subject:
Political Science, Public Policy

Economists have argued for decades that the best way to address climate change is by placing a price on the carbon content of fossil fuels. But governments in North America and beyond have struggled ... More


Why Carbon Pricing Is Appealing

Barry G. Rabe

in Can We Price Carbon?

Published in print:
2018
Published Online:
September 2019
ISBN:
9780262037952
eISBN:
9780262346580
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262037952.003.0001
Subject:
Political Science, Public Policy

The use of taxes to elevate the price of popular commodities in order to reduce consumption and risks related to use did not originate with carbon taxes. Excise taxes on tobacco have been used ... 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


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


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


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


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


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


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