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State and Local Climate Policy under a National Emissions Floor

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Abstract

This paper describes the nature of inter-jurisdictional relations as they may exist under a federal cap-and-trade program and provides background on the current climate-related activities by state and local governments. State and local governments are uniquely positioned to implement many aspects of an overall climate strategy, and an important question is whether the price signal from a cap-and-trade program (or a tax) would be a sufficient incentive to do so. The paper examines alternative types of relationships between different levels of government when an agency problem exists, wherein information or incentives for action are not perfectly aligned.

Suggested Citation

  • Dallas Burtraw & William Shobe, 2008. "State and Local Climate Policy under a National Emissions Floor," Working Papers 2008-05, Center for Economic and Policy Studies.
    • Handle: RePEc:vac:wpaper:wp08-05
    Note: This mirrors a file published as a Resources for the Future discussion paper: RFF DP 09-54 Pub. data: December 2009 URL: http://www.rff.org/rff/documents/rff-dp-09-54.pdf
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    File URL: http://econ.ccps.virginia.edu/RePEc_docs/ceps_docs/Burtraw-Shobe-rff-dp-09-54.pdf
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    References listed on IDEAS

    as
    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. Stavins, Robert, 2007. "A U.S. Cap-and-Trade System to Address Global Climate Change," Working Paper Series rwp07-052, Harvard University, John F. Kennedy School of Government.
    3. Richard A. Posner, 1974. "Theories of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 335-358, Autumn.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Lawrence H. Goulder & Robert N. Stavins, 2011. "Challenges from State-Federal Interactions in US Climate Change Policy," American Economic Review, American Economic Association, vol. 101(3), pages 253-257, May.
    2. Lawrence H. Goulder & Robert N. Stavins, 2011. "Interactions between State and Federal Climate Change Policies," NBER Chapters, in: The Design and Implementation of US Climate Policy, pages 109-121, National Bureau of Economic Research, Inc.
    3. Dallas Burtraw & Art Fraas & Nathan Richardson, 2011. "Policy Monitor--Greenhouse Gas Regulation under the Clean Air Act: A Guide for Economists," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 293-313, Summer.
    4. Burtraw, Dallas & Woerman, Matt, 2013. "Economic ideas for a complex climate policy regime," Energy Economics, Elsevier, vol. 40(S1), pages 24-31.
    5. Burtraw, Dallas & Palmer, Karen L., 2013. "Mixing It Up: Power Sector Energy and Regional and Regulatory Climate Policies in the Presence of a Carbon Tax," RFF Working Paper Series dp-13-09, Resources for the Future.
    6. Burtraw, Dallas & Woerman, Matt, 2012. "US Status on Climate Change Mitigation," RFF Working Paper Series dp-12-48, Resources for the Future.

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    More about this item

    Keywords

    environmental federalism; emissions cap; cap and trade; incentives; subsidiarity;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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