State and Local Climate Policy under a National Emissions Floor

Dallas Burtraw and William Shobe

No 2008-05, Working Papers from Center for Economic and Policy Studies

Abstract: This paper describes the nature of inter-jurisdictional relations as they may exist under a federal cap-and-trade program and provides background on the current climate-related activities by state and local governments. State and local governments are uniquely positioned to implement many aspects of an overall climate strategy, and an important question is whether the price signal from a cap-and-trade program (or a tax) would be a sufficient incentive to do so. The paper examines alternative types of relationships between different levels of government when an agency problem exists, wherein information or incentives for action are not perfectly aligned.

Keywords: environmental federalism; emissions cap; cap and trade; incentives; subsidiarity (search for similar items in EconPapers)
JEL-codes: H77 Q53 Q54 (search for similar items in EconPapers)
Date: 2008-03-14
Note: This mirrors a file published as a Resources for the Future discussion paper: RFF DP 09-54 Pub. data: December 2009 URL: http://www.rff.org/rff/documents/rff-dp-09-54.pdf
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Citations: View citations in EconPapers (10)

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