NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Designing Climate Mitigation Policy

Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, William A. Pizer

NBER Working Paper No. 15022
Issued in June 2009
NBER Program(s):   EEE

This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument choice, technological innovation, and international climate policy. We begin with the broadest issue of how high assessments suggest the near and medium term price on greenhouse gases would need to be, both under cost-effective stabilization of global climate and under net benefit maximization or Pigouvian emissions pricing. The remainder of the paper focuses on the appropriate scope of regulation, issues in policy instrument choice, complementary technology policy, and international policy architectures.

download in pdf format
   (289 K)

email paper

This paper is available as PDF (289 K) or via email.

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Published: Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W. H. Parry & William A. Pizer, 2010. "Designing Climate Mitigation Policy," Journal of Economic Literature, American Economic Association, vol. 48(4), pages 903-34, December.

Users who downloaded this paper also downloaded these:
Popp, Newell, and Jaffe w14832 Energy, the Environment, and Technological Change
Gillingham, Newell, and Palmer w15031 Energy Efficiency Economics and Policy
Popp w15673 Innovation and Climate Policy
Aldy and Pizer w17705 The Competitiveness Impacts of Climate Change Mitigation Policies
Goulder and Pizer w11923 The Economics of Climate Change
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us