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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: 27 May 2020

Setting the Initial Time-Profile of Climate Policy

Setting the Initial Time-Profile of Climate Policy

The Economics of Environmental Policy Phase-Ins

(p.245) 15 Setting the Initial Time-Profile of Climate Policy
The Design and Implementation of US Climate Policy

Roberton C. Williams III

University of Chicago Press

This chapter considers the question of whether or not to phase-in the provisions of climate policy, either by raising the carbon tax rate or by reducing the number of permits gradually. It uses an analytical, dynamic model of environmental regulation to consider the phase-in question and then discusses the implications of this model in the context of climate policy.

Keywords:   phase-in, climate policy, carbon tax, permits, environmental regulation

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