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Diane Publishing Books
Evaluation of Cap-and-Trade Programs for Reducing U.S. Carbon Emissions
Terry Dinan (au); Dan L. Crippen (pf)
Climate change has emerged as an important public policy issue, although the prospects for an internat. agree. on climate policy are unclear. Many people have proposed plans to encourage or require cuts in the U.S. emissions of carbon dioxide, which affect the Earth’s climate. This study examines 4 proposals for reducing those emissions. Each proposal is a variant of a “cap-and-trade” program, in which policymakers would set a mandatory cap on emissions of carbon dioxide and provide co’s. with econ. incentives to reach that cap at the lowest possible cost. This study evaluates the 4 proposals using various criteria, including ease of implementation, degree of certainty about achieving the target level of emissions, cost-effectiveness, and distributional effects. Ill.
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