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

See all articles by Tim Profeta

Tim Profeta

Duke University - Nicholas School of the Environment

Brigham Daniels

University of Utah College of Law

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 of the Environment ( email )

Box 90328
Durham, NC 27708-0328
United States

Brigham Daniels (Contact Author)

University of Utah College of Law ( email )

383 S. University Street
Salt Lake City, UT 84112-0730
United States

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