Global climate change from increases in atmospheric carbon dioxide and other trace gases is an issue of international concern. Adverse climate conditions are expected to reduce crop yields and alter the demand for and supply of water. These potential adjustments imply economic costs to...

This paper describes and assesses a policy to slow the increase of carbon dioxide (CO2) emissions in the atmosphere. Policy governing new CO₂ sources would either prevent emissions, procure compensating emissions reductions, or sequester emissions in sinks. The paper uses electric power plants...