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  3. Journal of Economic Perspectives
  4. Spring 2009
  5. Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions

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

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Abstract

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.

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

JEL Classification

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