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The Design and Implementation of US Climate Policy

Economic research on climate change has been crucial in advancing our understanding of the consequences associated with global warming as well as the costs and benefits of the various policies that might reduce emissions of greenhouse gases. As nations work to develop climate policies, economic insights into their design and implementation are ever more important.
With a balance between theoretical and empirical approaches, The Design and Implementation of US Climate Policy looks at the possible effects of various climate policies on a range of economic outcomes. The studies that comprise the volume examine topics that include the coordination—or lack thereof—between the federal and state governments, implications of monitoring and enforcing climate policy, and the specific consequences of various climate policies for the agricultural, automotive, and buildings sectors.

344 pages | 1 halftone, 27 line drawings, 28 tables | 6 x 9 | © 2012

National Bureau of Economic Research Conference Report

Earth Sciences: Environment

Economics and Business: Economics--Agriculture and Natural Resources

Table of Contents


Introduction and Summary
Don Fullerton and Catherine Wolfram

I. Climate Policy in the Broader Context

1. Distributional Impacts in a Comprehensive Climate Policy Package
Gilbert E. Metcalf, Aparna Mathur, and Kevin A. Hassett
Comment: Hilary Sigman

2. Climate Policy and Labor Markets
Olivier Deschênes
Comment: Matthew E. Kahn

3. Limiting Emissions and Trade: Some Basic Ideas
Kala Krishna
Comment: Meredith Fowlie

4. Regulatory Choice with Pollution and Innovation
Charles D. Kolstad
Comment: V. Kerry Smith

5. Spillovers from Climate Policy to Other Pollutants
Stephen P. Holland
Comment: Charles D. Kolstad

6. Markets for Anthropogenic Carbon within the Larger Carbon Cycle
Severin Borenstein
Comment: Wolfram Schlenker

II. Interactions with Other Policies

7. Interactions between State and Federal Climate Change Policies
Lawrence H. Goulder and Robert N. Stavins
Comment: Arik Levinson

8. Belts and Suspenders: Interactions among Climate Policy Regulations
Arik Levinson
Comment: Gilbert E. Metcalf

9. Climate Policy and Voluntary Initiatives: An Evaluation of the Connecticut Clean Energy Communities Program
Matthew J. Kotchen
Comment: Lucas W. Davis

10. Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
Meredith Fowlie
Comment: Lawrence H. Goulder

III. Design Features of Climate Policy

11. Upstream versus Downstream Implementation of Climate Policy
Erin T. Mansur
Comment: Roberton C. Williams III

12. The Economics of Carbon Offsets
James B. Bushnell
Comment: Kala Krishna

13. Monitoring and Enforcement of Climate Policy
Hilary Sigman
Comment: Severin Borenstein

14.How Can Policy Encourage Economically Sensible Climate Adaptation?
V. Kerry Smith
Comment: Erin T. Mansur

15. Setting the Initial Time-Profile of Climate Policy: The Economics of Environmental Policy Phase-Ins
Roberton C. Williams III
Comment: Stephen P. Holland

IV. Sector-Specific Issues

16. Urban Policy Effects on Carbon Mitigation
Matthew E. Kahn
Comment: Christopher R. Knittel

17. Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat? Evidence from US Corn and Soybean Yields
Michael J. Roberts and Wolfram Schlenker
Comment: James B. Bushnell

18. Carbon Prices and Automobile Greenhouse Gas Emissions: The Extensive and Intensive Margins
Christopher R. Knittel and Ryan Sandler
Comment: Matthew J. Kotchen

19. Evaluating the Slow Adoption of Energy Efficient Investments: Are Renters Less Likely to Have Energy Efficient Appliances?
Lucas W. Davis
Comment: Olivier Deschênes

Author Index
Subject Index

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