Cap and Trade: Relative Gains Approach Towards Mitigating Climate Change
12 Pages Posted: 2 Apr 2010
Date Written: March 24, 2010
Climate change is undoubtedly one of the most salient concerns within environmental policy studies today. There are numerous outstanding points supported by increasing scientific evidence pointing to the urgency for climate change policy. This paper argues that policy approach of “Cap and Trade” is a reactive policy an at best offers modest gains in seeking to reduce carbon dioxide emissions. It also casts doubt regarding the viability of the United States meeting carbon emission reductions of 42% by 2030 and 83% by 2050 which were recently stated at the 2009 Copenhagen Conference on Climate Change.
Keywords: Climate Change, Cap and Trade
JEL Classification: N5, Q2
Suggested Citation: Suggested Citation