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Design Principles of a Cap and Trade System for Greenhouse Gases

Nicholas Institute for Environmental Policy Solutions Working Paper

14 Pages Posted: 1 Sep 2008  

Tim Profeta

Duke University - Nicholas School for the Environment

Brigham Daniels

Brigham Young University - J. Reuben Clark Law School

Date Written: December 2005

Abstract

Until recently, the question of regulating greenhouse gases was a question for nations. Over the past few years an increasing number of states and municipalities have shown an interest in grappling with climate change. This paper attempts to help states, and specifically California, to formulate an effective cap-and-trade program by highlighting the most important design features and the tradeoffs associated with policy alternatives.

Keywords: Climate change, global warming, Kyoto, California, cap-and-trade, environment, greenhouse gas

JEL Classification: K32, K23, L50, Q28, Q38, Q48, Q25

Suggested Citation

Profeta, Tim and Daniels, Brigham, Design Principles of a Cap and Trade System for Greenhouse Gases (December 2005). Nicholas Institute for Environmental Policy Solutions Working Paper. Available at SSRN: https://ssrn.com/abstract=1261011 or http://dx.doi.org/10.2139/ssrn.1261011

Tim Profeta

Duke University - Nicholas School for the Environment ( email )

Box 90328
Durham, NC 27708-0328
United States

Brigham Daniels (Contact Author)

Brigham Young University - J. Reuben Clark Law School ( email )

410 JRCB
Brigham Young University
Provo, UT 84602
United States

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