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Managing allowance prices in a cap-and-trade program

Author: Terry Dinan; United States. Congressional Budget Office.
Publisher: Washington, DC : Congress of the United States, Congressional Budget Office, [2010]
Series: CBO study.
Edition/Format:   Print book : National government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how,  Read more...
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Additional Physical Format: Online version:
Dinan, Terry.
Managing allowance prices in a cap-and-trade program.
1 online resource (ix, 19)
(OCoLC)680318690
Material Type: Government publication, National government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Terry Dinan; United States. Congressional Budget Office.
OCLC Number: 682906325
Notes: "This study was written by Terry Dinan ..."--Pref.
"November 2010."
Shipping list no.: 2011-0089-P.
"Pub no. 4081"--P. [2] of cover.
Description: ix, 19 p. : ill. ; 28 cm.
Series Title: CBO study.
Other Titles: Managing allowance prices in a cap and trade program
Responsibility: [Terry Dinan].

Abstract:

Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices--Preface

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