Adding Mitigation Certainty to a US Carbon Tax: A Workshop on the REEP Symposium (Postponed)
A discussion on how to address emissions uncertainty in US carbon tax design
This event is being postponed due to university-related restrictions on speakers' travel. We will be in touch with updates on rescheduling. Thank you for your understanding.
Carbon taxes and cap-and-trade programs are both cost-effective policy options that can mitigate carbon dioxide (CO₂) emissions, but they differ in terms of price and emissions certainty. A tax makes the price on CO₂ emissions certain, but the emissions resulting from a carbon tax are uncertain. Alternatively, a cap-and-trade program ensures emissions cannot exceed the emissions cap, but the resulting allowance price is uncertain. While considerable attention has been focused on designing cap-and-trade programs to address price uncertainty, there is considerably less research on how to address emissions uncertainty under a carbon tax. In the latest issue of the Review of Environmental Economics and Policy (REEP), journal editors featured four papers that highlight ways to add mitigation certainty to a US carbon tax.
Resources for the Future (RFF) and the Cornell Atkinson Center for Sustainability will be hosting a workshop on this topic. Join REEP symposium authors—RFF Fellow Marc Hafstead, RFF University Fellows Joseph Aldy, Gilbert Metcalf, and Roberton Williams III, and Environmental Defense Fund economists Susanne Brooks and Nathaniel Keohane—as they present their work and discuss how to design US carbon taxes to minimize emissions uncertainty.
Where: Resources & Conservation Center, 1400 16th St., NW, Washington, DC, 20036
The event will be livestreamed from this page.
Joseph E. Aldy
Joe Aldy is a university fellow at RFF and professor of the practice of public policy at Harvard’s Kennedy School. His research focuses on climate change policy, energy policy, and mortality risk evaluation.
Marc Hafstead is an RFF fellow and director of the Carbon Pricing Initiative and the Climate Finance and Financial Risk Initiative.
Catherine L. Kling
University Fellow; Professor, Cornell University
Catherine L. Kling is a university fellow and member of the RFF Board of Directors. She is also a professor at Cornell University.
Gilbert E. Metcalf
Gilbert E. Metcalf is a university fellow at RFF. His current research focuses on policy evaluation and design in the area of energy and climate change.
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