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Journal of Economic Perspectives: Vol. 23 No. 2 (Spring 2009)


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Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions

Article Citation

Metcalf, Gilbert E. 2009. "Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions." Journal of Economic Perspectives, 23(2): 5-27.

DOI: 10.1257/jep.23.2.5


The United States is moving closer to enacting a policy to reduce domestic emissions of greenhouse gases. A key element in any plan to reduce emissions will be to place a price on greenhouse gas emissions. This paper discusses the different approaches that can be taken to price emissions and assesses their strengths and weaknesses.

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Metcalf, Gilbert E. (Tufts U)

JEL Classifications

Q54: Climate; Natural Disasters; Global Warming
Q58: Environmental Economics: Government Policy


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