Policy option issues for CO2 emissions / Nikolaus Vogler, editor.

Format:

Book

Contributor:

Vogler, Nikolaus.

Series:

Climate change and its causes, effects, and prediction series.

Climate change and its causes, effects and prediction

Language:

English

Subjects (All):

Carbon dioxide mitigation--Government policy--United States.

Carbon dioxide mitigation.

Environmental policy--Economic aspects--United States.

Environmental policy.

Greenhouse gas mitigation--Government policy--United States.

Greenhouse gas mitigation.

Carbon taxes--United States.

Carbon taxes.

Physical Description:

1 online resource (142 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., c2010.

Language Note:

English

Summary:

Global climate change is one of the nation's most significant long-term policy challenges. This book emphasizes how the most efficient approaches to reducing emissions involve giving businesses and individuals an incentive to curb activities that produce CO2 emissions.

Contents:

Intro

POLICY OPTION ISSUES FOR CO2 EMISSIONS

CONTENTS

PREFACE

Chapter 1 CLIMATE CHANGE, CO2 EMISSIONS &amp

PASSENGER VEHICLES

SUMMARY

GASOLINE PRICES, DRIVING BEHAVIOR, AND CHOICE OF VEHICLE

Driving Behavior

Choices of New and Used Vehicles

IMPLICATIONS OF HIGHER GASOLINE PRICES FOR VEHICLE EMISSIONS

BOX 1. CAFE STANDARDS AND VEHICLES' CO2 EMISSIONS

End Notes

Chapter 2 ISSUES IN DESIGNING A CAP-AND-TRADE PROGRAM FOR CARBON DIOXIDE EMISSIONS

HOW A CAP-AND-TRADE PROGRAM WOULD WORK

THE POTENTIAL VALUE AND BUDGETARY TREATMENT OF ALLOWANCES

THE DISTRIBUTIONAL CONSEQUENCES OF A CAP-AND-TRADE PROGRAM

Market Forces Would Determine Who Bore the Costs of a Cap

Policymakers Would Determine Who Received the Value of the Allowances

REDUCING THE OVERALL ECONOMIC IMPACT OF A CO2 CAP

Using the Allowance Value to Reduce the Total Economic Cost

ALLOWING FLEXIBILITY IN THE TIMING OF EMISSION REDUCTIONS TO LOWER COSTS

Design Features Providing Flexibility in the Timing of Emission Reductions

A Price Ceiling and a Price Floor

Borrowing and Banking Allowances

Aggregate Borrowing by Regulators

Design Features Addressing Energy-Intensive Manufacturing Industries

Border Adjustments

Transitional Assistance

Compatibility with WTO Agreements

Chapter 3 POLICY OPTIONS FOR REDUCING CO2 EMISSIONS

Policy Options for Reducing Emissions

RESULTS OF CBO'S ANALYSIS

Comparison of Policies' Efficiency

A Tax Versus an Inflexible Cap

Flexible Cap Approaches

Keeping Costs From Climbing Too High

Keeping Costs From Falling Too Low

Comparison of Policies' Implementation

Comparison of Policies' International Consistency

1. EFFICIENCY IMPLICATIONS OF DIFFERENT POLICY DESIGNS.

A Carbon Dioxide Tax versus an Inflexible Carbon Dioxide Cap

An Illustrative Example of How a Tax Would Be More Efficient Than a Cap

Empirical Estimates of the Efficiency Advantage of a Tax

The Impact of Price Volatility

Conditions under Which a Cap Could Be More Efficient Than a Tax

Other Efficiency Implications of a Tax or a Cap

FLEXIBLE CAP DESIGNS

A Ceiling or Floor on Allowance Prices

Banking and Borrowing Allowances

Banking Allowances

Borrowing Allowances

Circuit Breaker

2. IMPLEMENTATION CONSIDERATIONS FOR DIFFERENT POLICY DESIGNS

A Carbon Dioxide Tax versus an Inflexible Carbon Dioxide Cap

Flexible Cap Designs

3. INTERNATIONAL CONSISTENCY CONSIDERATIONS FOR DIFFERENT POLICY DESIGNS

Harmonizing a U.S. Tax on CO2 with Policies in Other Countries

Linking a U.S. Cap-and-Trade Program with Outside Cap-and-Trade Programs

APPENDIX A. CURRENT AND PROPOSED CAP-AND-TRADE PROGRAMS IN THE UNITED STATES AND EUROPE

U.S. Programs for Sulfur Dioxide and Nitrous Oxide

U.S. and European Programs for Greenhouse Gase

Chapter 4 ROLE OF PRICES AND R&amp

D IN REDUCING CARBON DIOXIDE EMISSIONS

1. SUMMARY AND INTRODUCTION

Policies for Reducing Carbon Emissions

The Interaction and Timing of Policies

A Global Concern

2. POLICIES FOR REDUCING CARBON EMISSIONS

Pricing Carbon to Address the External Costs of Emissions

The Effects of Pricing

BOX 2.1. HOW EMISSIONS TAXES AND CAP-AND-TRADE POLICIES WOULD WORK

Setting Prices

BOX 2-2. WOULD TAXES ON CARBON DIOXIDE EMISSIONS SPUR RESEARCH AND DEVELOPMENT OF NEW TECHNOLOGIES?

Current Policies That Provide Incentives and Disincentives for Fossil Fuel Use

Subsidizing R&amp

D Efforts to Account for Spillover Benefits.

The Benefits of Supporting R&amp

D

The Costs of Supporting R&amp

BOX 2.3. USING PRIZES TO ENCOURAGE TECHNOLOGICAL IMPROVEMENTS

Current Policies That Support R&amp

3. THE EFFECTIVENESS OF POLICY APPROACHES

Policy Simulations

Results

Limitations

CHAPTER SOURCES

INDEX.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (Site, viewed (03/26/21).

ISBN:

1-61470-595-X

OCLC:

768111305