pass-through of carbon costs to product prices, mitigating leakage, and of mitigating costs to high-emissions firms … emissions firms. Rather than mitigating the impact on high carbon producers, the net operating profit of such firms can actually …The allocation of emissions allowances is among the most contentious elements of the design of cap-and-trade systems …

polices to manage quantities under a pollution tax. Importantly, it can be difficult to know how to evaluate these policies … this paper, we propose an objective function to evaluate these alternative “carbon tax policies to meet an emission target …

the ability of firms to substitute from carbon emissions into labor or capital …One country that tries to reduce greenhouse gas emissions may fear that other countries get a competitive advantage and … increase emissions ("leakage"). Estimates from computable general equilibrium (CGE) models such as Elliott et al (2010a …

We compare the spatial distribution of emissions from Southern California's pollution-trading program with that of a … demographic groups and generated a more equitable overall distribution of emissions even after controlling for its lower aggregate … emissions. Upper-income and white demographics had more desirable distributions relative to low-income and some minority groups …

Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy … differentiation does not substantially reduce the overall economic costs of carbon abatement compared with a simple rule of uniform …

nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the … ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among … carbon-pricing mechanisms. We examine the opportunities and challenges associated with the major options for carbon pricing …

targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are … attempt to sketch out, mostly with verbal arguments, the sense in which each country's extra cost from a higher emissions … emissions in response to the higher price. Some implications are discussed. While the paper could be centered on a more formal …

quantities) the negotiated uniform price on carbon emissions embodies an automatic "countervailing force" against free …, the theoretical model shows that population-weighted majority rule for a uniform price on carbon emissions can come as … national entities, a meaningful comprehensive treaty involves negotiating n different binding emissions quotas (whether …

regulations suggests we are more likely to overestimate the costs of cap-and-trade, and therefore the price of carbon permits …

Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of … greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission …