The 1997 Kyoto Conference introduced emissions trading as a new policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book provides a description, analysis and evaluation of different aspects of emissions trading as an...

Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now...

1. Carbon taxes as part of the fiscal solution / William G. Gale, Samuel Brown, and Fernando Saltiel -- 2. Choosing among mitigation instruments : how strong is the case for a US carbon tax? / Ian Parry -- 3. Administration of a US carbon tax / Jack Calder -- 4. Carbon taxes to achieve emissions...