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The Design and Implementation of US Climate Policy$
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Don Fullerton and Catherine Wolfram

Print publication date: 2012

Print ISBN-13: 9780226269146

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226921983.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 08 April 2020

Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program

Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program

Chapter:
(p.157) 10 Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
Source:
The Design and Implementation of US Climate Policy
Author(s):

Meredith Fowlie

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226921983.003.0011

This chapter discusses proposed climate change legislation that includes provisions which allocate greenhouse gas emissions to firms in proportion to their output. It first provides an overview of permit allocation design in cap- and-trade programs and then analyzes the potential benefits of the output-based rebating provisions in the proposed federal climate change legislation. A framework for analyzing cost–benefit tradeoffs inherent in output-based allocation is also presented and the criteria for determining which industries should receive output-based rebates are discussed.

Keywords:   climate change legislation, greenhouse gas emissions, permit allocation design, tradeoffs, output-based allocation, output based rebates

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