The Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions

Congressional Budget Office / Testimony before the Committee on Energy and Natural Resources, U. S. Senate : Statement of  Douglas W. Elmendorf, Director
http://www.cbo.gov/doc.cfm?index=10561
[From Director's Blog] Today I testified about the economic effects of legislation aimed at reducing emissions of greenhouse gases, drawing on a report that CBO released a few weeks ago.
Reducing the extent of [...]

Market Oversight for Cap-and-Trade : Efficiently Regulating the Carbon Derivatives Market

Brookings Institution / by Craig Pirrong
http://tinyurl.com/yk4b3ef
[From introduction] The original concept of cap-and-trade envisioned that the total amount of carbon dioxide (CO2) emissions would be capped and rights to emit would be traded. But it is inevitable that there will be demand to trade instruments other than emissions rights themselves. Specifically, there will be a demand [...]

Cost Containment for Cap-and-Trade : Designing Effective Compliance Flexibility Mechanisms

Brookings Institution / by Bryan K. Mignone
http://tinyurl.com/yfmn2s9
[From introduction]…Here we imagine that an appropriate US emissions reduction blueprint has already been selected from the space of available alternatives and focus…on the set of design considerations that could enhance the overall performance of the resulting regulatory program. We start from the premise that cap-and-trade will be the [...]

U.S. Industry and Cap-and-Trade : Designing Provisions to Maintain Domestic Competitiveness and Mitigate Emissions Leakage

Brookings Institution/ by Carolyn Fischer and Richard Morgenstern
http://tinyurl.com/yksauet
[From summary] This paper reviews the evidence on the competitiveness burdens imposed on domestic energy-consuming industries as a result of a unilateral or near-unilateral carbon pricing policy. We also examine the nature and magnitude of emissions leakage that could undermine the environmental effectiveness of such a policy. Subsequently, [...]

Equity and Efficiency in Cap-And-Trade : Effectively Managing the Emissions Allowance Supply

Brookings Institution / by Adele Morris
http://tinyurl.com/ykezgbk (summary) / http://tinyurl.com/ylmbb5t (pdf)
As the Senate Environment and Public Works Committee hosts a series of hearings this week on climate change legislation, Adele Morris discusses the likely distributional implications of a U.S. cap-and-trade system. She explains how policy-makers could manage these implications by altering the way in which allowances [...]

Expert Elicitation of Cost, Performance, and RD&D Budgets for Greenhouse Gas Reducing Strategies

Belfer Center, Kennedy School, Harvard University / by Melissa Chan and Laura Diaz Anadon
http://tinyurl.com/yhckc5y
This is PDF of a presentation without accompanying text.

Climate Change and the Economics of Targeted Mitigation in Sectors with Long-lived Capital Stock

World Bank / by Zmarak Shalizi and Franck Lecocq
http://tinyurl.com/yhdpr7a
[Abstract] Mitigation investments in long-lived capital stock (LLKS) differ from other types of mitigation investments in that, once established, LLKS can lock-in a stream of emissions for extended periods of time. Moreover, historical examples from industrial countries suggest that investments in LLKS projects or networks tend to [...]

Climate Change and Individual Behavior : Considerations for Policy

World Bank / by Andrea Liverani
http://tinyurl.com/yfa6skk
[Abstract] Climate change is anthropogenic – the product of billions of acts of daily consumption. That solutions need to be anthropogenic too is well accepted. Yet, suggested solutions are normally cast in the realms of finance and technology, often neglecting the primal root of the problem: individual behavior. An emerging [...]

The Wrath of God : Macroeconomic Costs of Natural Disasters

World Bank / by Claudio Raddatz
http://tinyurl.com/yh2eemu
[Abstract] The process of global climate change has been associated with an increase in the frequency of climatic disasters. Yet, there is still little systematic evidence on the macroeconomic costs of these episodes. This paper uses panel time-series techniques to estimate the short and long-run impact of [...]

Lock-in Effects of Road Expansion on CO2 Emissions : Results from a Core-periphery Model of Beijing

World Bank / by Alex Anas and Govinda R. Timilsina,
http://tinyurl.com/ylnjuu8
[Abstract] In the urban planning literature, it is frequently explicitly asserted or strongly implied that ongoing urban sprawl and decentralization can lead to development patterns that are unsustainable in the long run. One manifestation of such an outcome is that if extensive road investments occur, urban [...]