Document Type

Book Chapter

Date

2009

Embargo Period

9-21-2010

Keywords

emissions trading, economic incentives, kyoto protocol, climate change, market mechanisms

Language

English

Disciplines

Economic Policy | Environmental Policy

Description/Abstract

This paper offers suggestions for climate change policies advancing technological changes necessary for sustainable development. It first explains why relentless pursuit of cost effectiveness through broad environmental benefit trading does not maximize long term technological advancement and explores options for narrowing trading's design. It then explores two alternatives to Kyoto style trading to show how a goal of creating a positive long term economic dynamic

Additional Information

from ECONOMIC THOUGHT AND U.S. CLIMATE CHANGE POLICY, David Driesen, ed., MIT Press, 2009

Source

Metadata from SSRN