Found 15 article(s) for author 'Robert Stavins'

Carbon Taxes vs. Cap and Trade: Theory and Practice

Carbon Taxes vs. Cap and Trade: Theory and Practice. Robert Stavins, November 2019, Paper, “There is widespread agreement among economists – and a diverse set of other policy analysts – that, at least in the long run, an economy-wide carbon-pricing system will be an essential element of any national policy that can achieve meaningful reductions of CO2 emissions costeffectively in the United States and many other countries. There is less agreement, however, among economists and others in the policy community regarding the choice of specific carbon-pricing policy instrument, with some supporting carbon taxes and others favoring cap-and-trade mechanisms. How do the two major approaches to carbon pricing compare on relevant dimensions, including but not limited to efficiency, cost-effectiveness, and distributional equity? This paper addresses this question by drawing on theories of policy instrument choice pertaining to the attributes – or merits – of the instruments. The paper also draws on relevant empirical evidence. It concludes with a look at the path ahead.Link

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Robert Stavins on Climate Policy

Robert Stavins on Climate Policy July 2019. GrowthPolicy’s Devjani Roy interviewed Robert Stavins, the A.J. Meyer Professor of Energy & Economic Development at Harvard Kennedy School, on climate policy. | Click here for more interviews like this one. Links: Faculty page | Publications | Twitter | Blog | Harvard Project on Climate Agreements You […]

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Transitioning to Long-Run Effective and Efficient Climate Policies

Transitioning to Long-Run Effective and Efficient Climate Policies. Robert Stavins, March 2019, Paper, “A combination of factors pose significant barriers to developing effective and efficient sets of policies to achieve long-run climate policy objectives. Political opposition to particular types of policy mechanisms (for example, GHG pricing) and the global, stock-pollutant nature of the climate problem are among the major factors posing practical policy challenges. Effective and efficient climate policy is needed in the long run to meaningfully address the climate problem, making the design of transitions to such long-run policies from the current portfolio of policies an important task for policymakers.Link

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Policy Evolution under the Clean Air Act

Policy Evolution under the Clean Air Act. Robert Stavins, November 20, 2018, Paper, “Nearly half a century has elapsed since 1970, when the first Earth Day was celebrated, the U.S. Environmental Protection Agency (EPA) was established, and the U.S. Clean Air Act (CAA) was passed with essentially unanimous bipartisan support.2 It was not the first Federal law to deal with air pollution – that was the Air Pollution Control Act of 1955 – and it was technically only an amendment to the original Clean Air Act of 1963 (Stern 1982). But it was the first environmental law to give the Federal government a serious regulatory role. The 1970 Act established the basic architecture of the U.S. air pollution control system and became a model for many subsequent environmental laws in the United States and abroad.Link

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Linking climate policies to advance global mitigation

Linking climate policies to advance global mitigation. Robert Stavins, March 2, 2018, Paper, “The November 2017 negotiations in Bonn, Germany, under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC) validated that the Paris Agreement has met one of two necessary conditions for success. By achieving broad participation, including 195 countries, accounting for 99% of global greenhouse gas (GHG) emissions (1), the agreement dramatically improves on the 14% of global emissions associated with countries acting under the Kyoto Protocol (2), the international agreement it will replace in 2020.Link

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Lessons Learned from Cap-and-Trade Experience

Lessons Learned from Cap-and-Trade Experience. Robert Stavins, 2017, Paper, “Article 6 of the Paris Agreement provides for cooperation among Parties to meet their collective GHG emissions-reduction targets, including through linkage. The simplest way for this to occur is by linking cap-and-trade systems, although linkage of heterogeneous policies, including carbon taxes and performance standards, is also possible in principle.1 Linkages between well-designed national (or subnational) cap-and-trade systems can lower global mitigation costs and improve the functioning of national markets.Link

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The Economics (and Politics) of Trump’s Paris Withdrawal

The Economics (and Politics) of Trump’s Paris Withdrawal. Robert Stavins, June 6, 2017, Opinion, “The announcement on June 1 by President Donald Trump that he will withdraw the United States from the Paris climate agreement was misguided, and the justifications Trump provided were — at best — misleading and, to some degree, simply untruthful. Withdrawing from the Paris agreement will be damaging both to the United States and the world. Sadly, Trump’s withdrawal announcement makes clear that the president has little understanding of the nature of the agreement, the process for withdrawal, or the implications of withdrawal for the United States, let alone for the world.Link

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