Policy option issues for CO2 emissions / Nikolaus Vogler, editor.

Includes bibliographical references and index.

Online resource; title from PDF title page (Site, viewed (03/26/21).

English.

POLICY OPTION ISSUES FOR CO2 EMISSIONS ; CONTENTS ; PREFACE ; CLIMATE CHANGE, CO2 EMISSIONS & PASSENGER VEHICLES ; SUMMARY ; GASOLINE PRICES, DRIVING BEHAVIOR, AND CHOICE OF VEHICLE ; Driving Behavior ; Choices of New and Used Vehicles ; IMPLICATIONS OF HIGHER GASOLINE PRICES FOR VEHICLE EMISSIONS ; BOX 1. CAFE STANDARDS AND VEHICLES' ; End Notes ; ISSUES IN DESIGNING A CAP-AND-TRADE PROGRAM FOR CARBON DIOXIDE EMISSIONS ; HOW A CAP-AND-TRADE PROGRAM WOULD WORK ; THE POTENTIAL VALUE AND BUDGETARY TREATMENT OF ALLOWANCES.

THE DISTRIBUTIONAL CONSEQUENCES OF A CAP-AND-TRADE PROGRAM Market Forces Would Determine Who Bore the Costs of a Cap ; Policymakers Would Determine Who Received the Value of the Allowances ; REDUCING THE OVERALL ECONOMIC IMPACT OF A CO2 CAP ; Using the Allowance Value to Reduce the Total Economic Cost ; ALLOWING FLEXIBILITY IN THE TIMING OF EMISSION REDUCTIONS TO LOWER COSTS ; Design Features Providing Flexibility in the Timing of Emission Reductions ; A Price Ceiling and a Price Floor ; Borrowing and Banking Allowances ; Aggregate Borrowing by Regulators.

Design Features Addressing Energy-Intensive Manufacturing Industries Border Adjustments ; Transitional Assistance ; Compatibility with WTO Agreements ; End Notes ; POLICY OPTIONS FOR REDUCING CO2 EMISSIONS ; SUMMARY ; Policy Options for Reducing Emissions ; RESULTS OF CBO'S ANALYSIS ; Comparison of Policies' Efficiency ; A Tax Versus an Inflexible Cap ; Flexible Cap Approaches ; Keeping Costs From Climbing Too High ; Keeping Costs From Falling Too Low ; Comparison of Policies' Implementation ; Comparison of Policies' International Consistency.

1. EFFICIENCY IMPLICATIONS OF DIFFERENT POLICY DESIGNS A Carbon Dioxide Tax versus an Inflexible Carbon Dioxide Cap ; An Illustrative Example of How a Tax Would Be More Efficient Than a Cap ; Empirical Estimates of the Efficiency Advantage of a Tax ; The Impact of Price Volatility ; Conditions under Which a Cap Could Be More Efficient Than a Tax ; Other Efficiency Implications of a Tax or a Cap ; 2. IMPLEMENTATION CONSIDERATIONS FOR DIFFERENT POLICY DESIGNS ; A Carbon Dioxide Tax versus an Inflexible Carbon Dioxide Cap ; Flexible Cap Designs.

3. INTERNATIONAL CONSISTENCY CONSIDERATIONS A Carbon Dioxide Tax versus an Inflexible Carbon Dioxide Cap ; Harmonizing a U.S. Tax on CO with Policies in Other Countries ; Linking a U.S. Cap-and-Trade Program with Outside Cap-and-Trade Programs ; Flexible Cap Designs ; APPENDIX A. CURRENT AND PROPOSED CAP-AND-TRADE PROGRAMS IN THE UNITED STATES AND EUROPE ; U.S. Programs for Sulfur Dioxide and Nitrous Oxide ; U.S. and European Programs for Greenhouse Gase ; End Notes ; ROLE OF PRICES AND R & D IN REDUCING CARBON DIOXIDE EMISSIONS ; 1. SUMMARY AND INTRODUCTION.

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