The Design and Implementation of US Climate Policy

The Design and Implementation of US Climate Policy

Don Fullerton and Catherine Wolfram

Print publication date: 2013

ISBN: 9780226269146

Publisher: University of Chicago Press

Abstract

Economic research on climate change has been crucial in advancing our understanding of the consequences of 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, this book looks at the possible effects of various climate policies on a range of economic outcomes. The studies that comprise the book examine topics which include the coordination—or lack thereof—between the federal and state governments, the implications of monitoring and enforcing climate policy, and the specific consequences of various climate policies for the agricultural, automotive, and buildings sectors.

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

II Interactions with Other Policies

7 Interactions between State and Federal Climate Change Policies

Lawrence H. Goulder, and Robert N. Stavins

8 Belts and Suspenders

Arik Levinson

III Design Features of Climate Policy

12 The Economics of Carbon Offsets

James B. Bushnell, and Ryan Sandler

IV Sector-Specific Issues