In the spring of 2007, the U.S. Supreme Court ruled in Massachusetts v. EPA that the U.S. Environmental Protection Agency (EPA) must promulgate automobile tailpipe greenhouse gas emission standards under Section 202 of the Clean Air Act (CAA). American environmentalists hailed the Supreme...

We study the importance of anticipated learning - about both environmental damages and abatement costs - in determining the level and the method of controlling greenhouse gas emissions. We also compare active learning, passive learning, and parameter uncertainty without learning. Current beliefs...

Abstract- California’s Cap-and-Trade system cannot achieve the “maximum technologically feasible and cost-effective greenhouse gas emissions reductions” required by statute because the emissions reduction target (the cap) is itself predetermined by statute.- Cap-and-Trade disincentivizes...

This book chapter addresses the use of traditional regulation to ameliorate climate disruption, revealing that traditional regulation has played a significant role. It defines traditional regulation as encompassing performance standards, work practice standards, and phase-outs of dangerous...

The two regulatory approaches traditionally employed for greenhouse gas control - caps and taxes - tend to be ineffectual or politically unviable because they either lack cost certainty or impose unacceptably high costs. Both obstacles are overcome by the regulatory model represented by the...

Current experience with the Kyoto Protocol indicates that climate sustainability goals will be attainable only if future regulatory policy is grounded on a sound and clearly articulated policy rationale that is relevant to political and economic realities. The mandatory targets and timetables...

This article explains why policy makers should seriously consider substantial early reductions in greenhouse gas emissions as a part of any post-Kyoto framework, and sets out suggested elements of a framework for early action in a post-Kyoto agreement. Substantial early reductions are needed...