Williams, Roberton C. Williams III; Goulder, Lawrence H.; … - National Bureau of Economic Research (NBER) - 2014
Economists have tended to view cap and trade (or, more generally, emissions pricing) as more cost-effective than a … clean energy standard (CES) for the purpose of reducing greenhouse gas emissions associated with electricity generation …. This stems in part from the finding that, in terms of cost-effectiveness, a CES relies too much on emissions abatement …