Les Schaffer wrote: >> have you or someone else written on cap and trade? i have a student doing >> an independent study on energy generation and use and she is interested in >> cap and trade.
Doug: > William Nordhaus has a good critique, though he's certainly no radical. > > <http://www.econ.yale.edu/~nordhaus/kyoto_long_2005.doc>. > > <http://nordhaus.econ.yale.edu/nordhaus_carbontax_reep.pdf> here's the abstract from the first of these: >This study reviews different approaches to the political and economic control >of global public goods like global warming. It compares quantity-oriented >control mechanisms like the Kyoto Protocol with price-type control mechanisms >such as internationally harmonized carbon taxes. The pros and cons of the two >approaches are compared, focusing on such issues as performance under >conditions of uncertainty, volatility of the induced carbon prices, the excess >burden of taxation and regulation, potential for corruption and accounting >finagling, and ease of implementation. It concludes that, although virtually >all discussions about economic global public goods have analyzed quantitative >approaches, price-type approaches are likely to be more effective and more >efficient.< I wonder: does this take into account such things as banning mountain-top removal by US coal companies (a good idea)? having different pro-environment policies might complicate the idea of "international harmonized carbon taxes." -- Jim Devine / "Disbelief in magic can force a poor soul into believing in government and business." -- Tom Robbins _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
