This brief examines policy options for addressing competitiveness concerns arising from the establishment of a mandatory domestic program to limit greenhouse gas emissions. These concerns center on energy-intensive industries that compete globally and could face higher costs under a domestic climate program while key competitors do not.
This brief outlines the motivation for and key features of a tax designed to reduce emissions of greenhouse gases (GHGs). The two most commonly discussed market-based instruments for reducing GHG emissions are a cap-and trade system and a GHG (carbon) tax. These mechanisms function in a similar way by establishing a price for GHG emissions.
This brief describes the potential role of government in facilitating widespread and more rapid deployment of Carbon Capture and Storage through a number of means including: providing financial incentives for initial CCS projects through the use of bonus allowances under a cap-and-trade program, or a fund generated by charges on electricity or fossil-fuel based sources of electricity; setting GHG
This brief presents the key issues and identifies options for the incorporation of greenhouse gas (GHG) offsets into emerging U.S. climate change policy. A GHG offset represents a reduction, avoidance, destruction, or sequestration of GHG emissions from a source not covered by an emission reduction requirement.
There are no more soft options on climate change. The two candidates running to be the future president of America realize this better than does George Bush, who even questioned the scientific basis of climate change. In a departure from the present us administration
Climate science tells that the earth is warming as a result of human activities. But considerable uncertainty regarding the precise nature and extent of the risks remains. Economists are needed to develop sensible policies to address these risks, which account for the uncertainties.
