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Costs of alternative environmental policy instruments in the presence of industry compensation requirements
Environmental instrument choice Pollution control Compensation requirements Emissions abatement costs
2015/7/17
This paper explores how the costs of meeting given aggregate targets for pollution emissions change with the imposition of the requirement that key pollution-related industries be compensated for pote...
The choice of pollution control instrument is a crucial environmental policy decision. With growing momentum for federal legislation to control greenhouse gases, interest among policy makers in the is...
THE CHOICE OF DISCOUNT RATE FOR CLIMATE CHANGE POLICY EVALUATION
Discounting discount rate climate change
2015/7/17
Nearly all discussions about the appropriate consumption discount rate for climate-change policy evaluation assume that a single discount rate concept applies. We argue that two distinct concepts and ...
Optimal Aid in Environmental Policy A Real Options Approach
external effect direct aid social welfare environmental policy
2009/5/6
In this paper, we analyze an environmental policy that is designed to reduce the emission of pollutants when there is uncertainty over the social costs of environmental damage.We first establish a mod...