Designing Climate Mitigation Policy

Joseph Aldy, Alan J. Krupnick (), Richard Newell, Ian Parry and William Pizer
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Alan J. Krupnick: Resources for the Future

RFF Working Paper Series from Resources for the Future

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.

Keywords: global warming damages; mitigation cost; climate policy; instrument choice; technology policy (search for similar items in EconPapers)
JEL-codes: H23 Q48 Q54 (search for similar items in EconPapers)
Date: 2009-05-06
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Related works:
Journal Article: Designing Climate Mitigation Policy (2010)
Working Paper: Designing Climate Mitigation Policy (2009)
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