TITLE

A Comprehensive Cap-and-Trade System for Greenhouse Gases

AUTHOR(S)
Stavins, Robert N.
PUB. DATE
October 2007
SOURCE
Hamilton Project: Discussion Papers;2007, Issue 13, p14
SOURCE TYPE
Working Paper
DOC. TYPE
Article
ABSTRACT
The article proposes a comprehensive carbon dioxide cap-and-trade system to reduce greenhouse gas emissions in the U.S. The proposal also includes mechanisms to lessen cost uncertainty, such as multiyear compliance periods. Fossil fuel-related carbon dioxide emissions accounted for almost 85 percent of the 7.1 billion metric tons of U.S. greenhouse gas emissions in 2005. It discusses the distributional consequences of an economy-wide emissions cap.
ACCESSION #
27873643

 

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