Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions

By Gilbert E. Metcalf. 2009

176 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/217cfdc2a3c2a46bbf62fae5f304ce14b0fbd65c

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Citations in the corpus

National and Sub-national Policies and Institutions (2014, methodology): “A dramatic example of volatility is given by the RECLAIM 16 program where in the summer of 2000 permit prices that began under $5,000 per ton of NOx 17 increased abruptly in price to almost $45,000, leading to a relaxation of the cap see (Metcalf, 2009).”
Distributional and Efficiency Impacts of Clean and Renewable Energy Standards for Electricity (2012, background): “We compare the cost effectiveness and the distribution of impacts of such policies vis-à-vis a theoretical first-best permit market equilibrium (or a carbon tax) where marginal abatement costs across all sectors in the economy are equalized (see, e.g, Metcalf, 2009).”
How should environmental policy respond to business cycles? Optimal policy under persistent productivity shocks (2011, background): “A likely explanation is that the cap was set too high and inflexible given the unexpected downturn in the economy (Metcalf 2009).”
Emissions Cap or Emissions Tax? A Multi-sector Business Cycle Analysis (2016, background): “1 Yet, a consensus has not been reached on which policy works best (Metcalf, 2009).”
On the Economics of a Carbon Tax for the United States (2019, unknown): “The price decline is discussed in Metcalf (2009).”
Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change (2013, background): “It is reasonable to believe that an inflexible policy (e.g. a tax rate that does not vary with the business cycle) is not likely to be Greenhouse Gas Initiative (RGGI) was much lower than expected because the cap did not adjust to reduced demand brought on by the recession (Metcalf 2009).”
The problem of the commons: still unsettled after 100 years. (2010, unknown): “…set of other policy analysts) that economy-wide carbon pricing will be an essential ingredient of any policy that can achieve meaningful reductions of CO 2 emissions cost-effectively, at least in the United States and other industrialized countries (Gilbert E. Metcalf 2009; Louis Kaplow 2010).”