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http://ssrn.com/abstract=1408695
 
 

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Designing Climate Mitigation Policy


Joseph E. Aldy


Harvard Kennedy School; National Bureau of Economic Research; Resources for the Future

Alan Krupnick


Resources for the Future

Richard G. Newell


Duke University - Nicholas School of Environment; National Bureau of Economic Research (NBER); Resources for the Future

Ian W. H. Parry


Resources for the Future

William A. Pizer


Duke University

May 6, 2009

RFF Discussion Paper No. 08-16

Abstract:     
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.

Number of Pages in PDF File: 53

Keywords: global warming damages, mitigation cost, climate policy, instrument choice, technology policy

JEL Classification: Q54, Q48, H23

working papers series





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Date posted: May 23, 2009 ; Last revised: May 17, 2014

Suggested Citation

Aldy, Joseph E. and Krupnick, Alan and Newell, Richard G. and Parry, Ian W. H. and Pizer, William A., Designing Climate Mitigation Policy (May 6, 2009). RFF Discussion Paper No. 08-16. Available at SSRN: http://ssrn.com/abstract=1408695 or http://dx.doi.org/10.2139/ssrn.1408695

Contact Information

Joseph E. Aldy
Harvard Kennedy School ( email )
79 JFK Street
Cambridge, MA 02138
United States
617-496-7213 (Phone)
HOME PAGE: http://www.hks.harvard.edu/about/faculty-staff-directory/joseph-aldy
National Bureau of Economic Research
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Resources for the Future ( email )
79 JFK Street
Cambridge, MA 02138
United States
617-496-7213 (Phone)
HOME PAGE: http://www.hks.harvard.edu/about/faculty-staff-directory/joseph-aldy
Alan Krupnick
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
Richard G. Newell
Duke University - Nicholas School of Environment ( email )
Box 90228
Durham, NC 27708-0328
United States
919-681-8865 (Phone)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
Ian W. H. Parry (Contact Author)
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
202-328-5151 (Phone)
202-939-3460 (Fax)
HOME PAGE: http://www.rff.org/~parry
William A. Pizer
Duke University ( email )
100 Fuqua Drive
Durham, NC 27708-0204
United States
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References:  142
Citations:  12

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