Estimates carbon prices required to achieve 2050 net-zero CO2 target.
Explains how carbon-pricing rules in organized wholesale electricity markets can improve economic efficiency, and explores the economic principles and legal requirements for RTOs, states, and FERC to consider when implementing a carbon-pricing rule.
Proposes a specific cap-and-trade system with several key features.
Examines potential environmental tax policy reforms, focusing primarily on a carbon tax.
Identifies tradeoffs among tax revenue options and makes several recommendations for policy design.
Analyzes the Climate Protection Act of 2013, a fee-and-dividend policy, and estimates the distribution of direct energy expenditure impacts by household income.
Links dynamic models of the United States to estimate the initial incidence of a carbon tax.
A comprehensive reference guide to the design features, revenue options and economic consequences from different approaches to pricing carbon.
Argues that traditional financial evaluation of uncertain climate risks favors an initially high (>$100/ton) CO2 price, which rises modestly over the next decade, before falling with time.