Using the Market to Address Climate Change
Insights from Theory & Experience
Bibliographic Data
| ID | 9685063 |
|---|---|
| Authors | Joseph E Aldy (JOSEPH E. ALDY is an Assistant Professor of Public Policy at the Harvard Kennedy School., corresponding author), Robert N Stavins (0000-0002-4496-1706, ROBERT N. STAVINS is the Albert Pratt Professor of Business and Government at the Harvard Kennedy School.) |
| Year | 2012 |
| Volume | 141 |
| Issue | 2 |
| Pages | 45-60 |
| Publication date | 2012-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Daedalus (JOURNAL) |
| Journal identifiers | ISSN: 0011-5266 • E-ISSN: 1548-6192 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/daed_a_00145 |
| OpenAlex | W3125762179 |
| Language | EN |
| Citations received | 7 |
| References cited | 1 |
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon-intensity of energy, and a more carbon-lean economy. The only technically feasible and cost-effective approach to achieving this goal on a meaningful scale is carbon pricing: that is, market-based climate policies that place a shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments: carbon taxes, cap and trade, and clean energy standards. We note that the U.S. political response to possible market-based approaches to climate policy has been, and will continue to be, largely a function of issues and structural factors that transcend the scope of environmental and climate policy
Carbon price · Carbon tax · Climate change · Climate change mitigation · Climate policy · Consumption (sociology · Economics · Government (linguistics · Greenhouse gas · Investment (military · Natural resource economics · Political economy of climate change · Political science · Politics · Scope (computer science · Shadow (psychology · Shadow price · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Fiscal Policy and Economic Growth
Market-based instruments for flood risk management
Political economy constraints on carbon pricing policies
Mind the gap and close it
Climate mitigation policies and the potential pathways to conflict
Climate and energy
Policy sequencing can increase public support for ambitious climate policy
From emissions trading to the European Green Deal
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,58 |
| Citation span | 2014 - 2024 (11) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |