Options for US Climate Policy Pete Nelson and Kristin Hayes
With national cap-and-trade legislation off the table, RFF experts are focusing on three alternatives for reducing greenhouse gas emissions: the Clean Air Act, a carbon tax, and a clean energy standard.
Ensuring Competitiveness under a US Carbon Tax Carolyn Fischer, Richard Morgenstern, and Nathan Richardson
Tax exemptions, industry rebates, and border tax adjustments can help protect the competitiveness of industries affected by a carbon tax, but they are not equally efficient at achieving economic and environmental goals.
Taxing Carbon: Potential Deficit and Emissions Reductions Roberton C. Williams III
An innovative modeling approach shows that a US carbon tax could provide a large new source of federal revenue and achieve emissions reductions—but the costs rise dramatically over time with a stringent target.
The Institutional Blind Spot in Environmental Economics Dallas Burtraw
Although economic tools aim to be efficient and cost-effective, environmental policymaking largely has favored regulation over market-based approaches. One reason may be that economists don’t fully consider how their prescriptions interact with existing federal, state, and local institutions. Excerpted with permission from Daedalus (Winter 2013).
Inequality and Environmental Policy
In an excerpt from his Resources 2020 lecture, Nobel Laureate Joseph E. Stiglitz describes how environmental degradation contributes to inequality, and inequality contributes to weak environmental policy.