Economic Protection Plan for Carbon Trading Markets
“Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade” -
August 2008
On efficiency grounds, the economics community has tended to ephasize price-based policies to address climate change -- such as taxes or a "saftey valve" price ceiling for cap-and-trade -- while environmental advocates have sought a more clear, quantitative limit on emissions. This working paper presents a simple modification to the idea of a safety valve: a quantitative limit called an "allowance reserve" which may bridge the gap between these competing interests and potentially improve efficiency relative to tax or other price-based policies.
read working paper >
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EVENT: Managing Costs in a U.S. GHG Trading Program: Issues, Options, and Implementation
learn more > -
COST CONTAINMENT FOR THE CARBON MARKET: A PROPOSAL
download the white paper > -
Four U.S. Senators Introduce Economic Relief Plan For U.S. Carbon Market With Assistance From Duke University’s Nicholas Institute
A bipartisan group of U.S. Senators considered critical to the passage of legislation to limit U.S. greenhouse gas emissions today offered a proposal to reduce costs and provide oversight to the new emissions permit trading market. The plan was developed jointly with the Nicholas Institute for Environmental Policy Solutions of Duke University.
read press release > -
Cost Control Mechanism
download the Bill > -
Congressional Testimony
Timothy H. Profeta, Director of the Nicholas Institute:
video of testimony > | transcript of testimony > - Release from Senators Landrieu, Graham, Lincoln and Warner >
For more information, contact Nicole St. Clair Knobloch, Associate Director,
Washington Office, Nicholas Institute, Nicole.StClair@duke.edu
