Description
Book SynopsisConfronting the Climate Challenge presents a unique framework for evaluating the impacts of U.S. climate-policy options. Lawrence Goulder and Marc Hafstead demonstrate that these policies—if designed correctly—not only can reduce emissions at low cost but also can avoid burdening low-income households or especially vulnerable industries.
Trade ReviewCurbing greenhouse gases is one of the most challenging issues we face. While the benefits are potentially huge, developing policies to keep costs down is urgent. Goulder and Hafstead's well-written and accessible book carefully explains the issue and evaluates the main policy proposals. It is a must read for anyone interested in the details of climate mitigation. I strongly recommend it. -- Robert Mendelsohn, Yale University
Table of ContentsPreface
Acknowledgments
I: Introduction And Analytical Background1. Introduction
2. Climate Policy, Fiscal Interactions, and Economic Outcomes
II: The Model’s Structure, Inputs, and Baseline Output3. Structure of the E3 Model
4. Data, Parameters, and the Reference Case Path
III: Policy Approaches And Outcomes5. Two Approaches to Carbon Dioxide Emissions Pricing: A Carbon Tax and a Cap-And-Trade System
6. Alternatives to Emissions Pricing: A Clean Energy Standard and a Gasoline Tax Increase
7. Distribution of Policy Impacts Across Industries and Households
IV: Conclusions8. Key Insights
Appendix A
Appendix B
Appendix C
Appendix D
Notes
References
Index
