TY  - JOUR
AU  - Aldy,Joseph E.
AU  - Krupnick,Alan J.
AU  - Newell,Richard G.
AU  - Parry,Ian W.H.
AU  - Pizer,William A.
TI  - Designing Climate Mitigation Policy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 15022
PY  - 2009
Y2  - June 2009
UR  - http://www.nber.org/papers/w15022
L1  - http://www.nber.org/papers/w15022.pdf
N1  - Author contact info:
Joseph E. Aldy
Harvard Kennedy School
Taubman 382, Mailbox 58
79 JFK Street
Cambridge, MA 02138
Tel: 617/496-7213
E-Mail: joseph_aldy@hks.harvard.edu

Alan Krupnick
Resources for the Future
1616 P Street, NW
Washington, DC 20036
E-Mail: krupnick@rff.org

Richard G. Newell
Nicholas School of the Environment
Duke University
Box 90227
Durham, NC 27708
Tel: 919/681-8663
Fax: 919/684-5833
E-Mail: richard.newell@duke.edu

Ian Parry
IMF
E-Mail: iparry@imf.org

William A. Pizer
Sanford School of Public Policy
Duke University
Box 90312
Durham, NC 27708
Tel: 919/613-9286
Fax: 877/240-9880
E-Mail: billy.pizer@duke.edu
AB  - 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.
ER  -