Given pressure to act on climate change, nations have started using market-based approaches for reducing greenhouse gas (GHG) emissions. Cap and trade systems for reducing GHG are strongly debated. Policy designers must allocate emissions allowances effectively to ensure successful cap and trade...

We use theoretical and numerical general equilibrium models to analyze the Regional Greenhouse Gas Emission Initiative (RGGI), a cap-and-trade scheme to limit carbon dioxide emissions from electricity generators across ten states in the northeast U.S. Although RGGI’s economic impacts are...

This paper will examine useful ways to utilize the funds collected via Pennsylvania’s RGGI program. Utilizing a comparative methodology, I will examine spending in RGGI member states and consider the ways in which Pennsylvania could adopt these states’ spending and programmatic approaches....