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
Date Written: December 2005
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: Suggested Citation