- Title Pages
- A National Bureau of Economic Research Conference Report
- National Bureau of Economic Research
- Introduction and Summary
- 1 Distributional Impacts in a Comprehensive Climate Policy Package
- 2 Climate Policy and Labor Markets
- 3 Limiting Emissions and Trade
- 4. Regulatory Choice with Pollution and Innovation
- 5. Spillovers from Climate Policy to Other Pollutants
- 6 Markets for Anthropogenic Carbon within the Larger Carbon Cycle
- 7 Interactions between State and Federal Climate Change Policies
- 8 Belts and Suspenders
- 9 Climate Policy and Voluntary Initiatives
- 10 Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
- 11 Upstream versus Downstream Implementation of Climate Policy
- 12 The Economics of Carbon Offsets
- 13 Monitoring and Enforcement of Climate Policy
- 14 How Can Policy Encourage Economically Sensible Climate Adaptation?
- 15 Setting the Initial Time-Profile of Climate Policy
- 16 Urban Policy Effects on Carbon Mitigation
- 17 Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat?
- 18 Carbon Prices and Automobile Greenhouse Gas Emissions The Extensive and Intensive Margins
- 19 Evaluating the Slow Adoption of Energy Efficient Investments
- Author Index
- Subject Index
Belts and Suspenders
Belts and Suspenders
Interactions among Climate Policy Regulations
- (p.127) 8 Belts and Suspenders
- The Design and Implementation of US Climate Policy
- University of Chicago Press
This chapter examines the interactions among different climate policy regulations. It focuses on the interactions between tradable greenhouse gas emissions permit systems (cap and trade) and the more traditional regulatory standards. The combination of tradable permit schemes with traditional standards has been called the belts-and-suspenders approach. The chapter also explains two rationales used to justify this approach for local air pollutants: other market failures and administrative complexity.
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