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Rushing to Copenhagen?

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Listed:
  • Koushik Ghosh
  • Peter Gray

Abstract

To listen to the public discourse about how to control emissions, one might think there is near-unanimity that cap-and-trade is the answer. Set limits on carbon emissions, provide business with the ability to trade rights to pollute, and the market will efficiently spread the costs of pollution control. These economists beg to differ. Read why.

Suggested Citation

  • Koushik Ghosh & Peter Gray, 2010. "Rushing to Copenhagen?," Challenge, Taylor & Francis Journals, vol. 53(1), pages 5-27.
    • Handle: RePEc:mes:challe:v:53:y:2010:i:1:p:5-27
    DOI: 10.2753/0577-5132530101
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    References listed on IDEAS

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    1. Stavins, Robert, 2003. "Market-Based Environmental Policies: What Can We Learn from U.S. Experience (and Related Research)?," RFF Working Paper Series dp-03-43, Resources for the Future.
    2. Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
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