Many policies to limit greenhouse gas emissions have at their core efforts to put a price on carbon emissions. Carbon …

A sizeable number of papers beginning with Roberts and Spence (1976) have studied the use of price floors and ceilings …

types of instruments interact involves whether or not the cap-and-trade permit price would induce more or less abatement … regulations suggests we are more likely to overestimate the costs of cap-and-trade, and therefore the price of carbon permits …

targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are … price is counter-balanced by that country's extra benefit from inducing all other countries to simultaneously lower their … emissions in response to the higher price. Some implications are discussed. While the paper could be centered on a more formal …

devolved into sporadic regional volunteerism. By contrast, on the price side there is a natural one-dimensional focus on … negotiating a single binding carbon price, the proceeds from which are domestically retained. Significantly (and unlike negotiated … quantities) the negotiated uniform price on carbon emissions embodies an automatic "countervailing force" against free …