Designing Climate Mitigation Policy

Joseph E. Aldy (), Alan Krupnick (), Richard G. Newell, Ian Parry () and William A. Pizer

No 15022, NBER Working Papers from National Bureau of Economic Research, Inc

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 how high assessments suggest the near and medium term price on greenhouse gases would need to be, both under cost-effective stabilization of global climate and under net benefit maximization or Pigouvian emissions pricing. The remainder of the paper focuses on the appropriate scope of regulation, issues in policy instrument choice, complementary technology policy, and international policy architectures.

JEL-codes: H23 Q48 Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
Date: 2009-06
Note: EEE
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