The New Climate World: Achieving Economic Efficiency in a Federal System for GHG Regulation through State Planning

56 Pages Posted: 6 Mar 2009

See all articles by Robert B. McKinstry

Robert B. McKinstry

affiliation not provided to SSRN

Thomas D. Peterson

Center for Climate Strategies

Adam Rose

University of Southern California - Sol Price School of Public Policy

Dan Wei

University of Southern California - Sol Price School of Public Policy

Date Written: March 5, 2009

Abstract

States and regional organizations have been in the forefront of programs to address climate change in the United States. The Supreme Court's decision in Massachusetts v. Environmental Protection Agency means that a strong federal response is now also inevitable. Expeditious implementation of a federal program requires that existing state and regional programs be coordinated and incorporated into a federal program. The federal Clean Air Act provides a medium for accomplishing this. Scale up of the climate mitigation planning efforts of twenty states suggests that an effective federal response can be achieved expeditiously at economy-wide net cost savings, provided all socio-economic sectors are addressed and vertical and horizontal linkages are considered through a mixture of policy tools. Analysis of the portfolios of policy tools identified in state climate plans indicates that many essential policy tools fall exclusively within state jurisdiction. Planning and implementation at the state level is critical for identifying the mix of technical and policy approaches that will be most effective and coordinating mechanisms across sectors. The state implementation planning mechanism creates by the Clean Air Act can be adapted to allow federal coordination and oversight of the full range of state, local and federal policy mechanisms necessary for cost-effective reductions of greenhouse gas emissions

Keywords: climate change, state climate programs, federalism, GHG regulations, economic impacts, economic effects of climate regulation

JEL Classification: K32, Q48, Q2, K00

Suggested Citation

McKinstry, Robert B. and Peterson, Thomas D. and Rose, Adam and Wei, Dan, The New Climate World: Achieving Economic Efficiency in a Federal System for GHG Regulation through State Planning (March 5, 2009). Available at SSRN: https://ssrn.com/abstract=1354146 or http://dx.doi.org/10.2139/ssrn.1354146

Robert B. McKinstry (Contact Author)

affiliation not provided to SSRN

Thomas D. Peterson

Center for Climate Strategies ( email )

1899 L Street, NW
Washington, DC 20036
United States
(202) 540-9121 (Phone)

HOME PAGE: http://www.climatestrategies.us

Adam Rose

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States

Dan Wei

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089
United States

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