Sarah C. Armitage

Boston University
Questrom School of Business

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Innovation Market Failures and the Design of New Climate Policy Instruments
September 2023 - Working Paper31622
Author(s) - Sarah C. Armitage, Noël Bakhtian & Adam B. Jaffe
Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized US climate policy over the past decade, recent climate-related legislation has transformed not only the scale of US climate activities but also the policy...
Innovation Market Failures and the Design of New Climate Policy Instruments
May 25, 2023 - Chapter
Author(s) - Sarah Armitage, Noël Bakhtian & Adam B. Jaffe
Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized US climate policy over the last decade, recent climate-related legislation has transformed not only the scale of US climate activities but also the policy...
The Welfare Implications of Carbon Price Certainty
May 2022 - Working Paper30043
Author(s) - Joseph E. Aldy & Sarah C. Armitage
Experiences in real-world pollution markets suggest that firms make persistent errors in forecasting allowance and credit prices that inform their investment decisions. The residual uncertainty characterizing allowance and credit trading means that pollution markets may fail to deliver cost...
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