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Monitoring and enforcement of climate policy

Author: Hilary Sigman; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2010.
Series: Working paper series (National Bureau of Economic Research), no. 16121.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This chapter applies recent research on environmental enforcement to a potential U.S. program to control greenhouse gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions that are relatively easy to monitor (such as carbon dioxide emissions from fossil fuels) with those that may be very difficult to monitor (such as some emissions of other  Read more...
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Additional Physical Format: Print version:
Sigman, Hilary, 1964-
Monitoring and enforcement of climate policy.
Cambridge, Mass. : National Bureau of Economic Research, ©2010
(DLC) 2010656181
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Hilary Sigman; National Bureau of Economic Research.
OCLC Number: 644248858
Notes: "June 2010."
Title from http://www.nber.org/papers/16121 viewed June 28, 2010.
Description: 1 online resource (15 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 16121.
Responsibility: Hilary Sigman.

Abstract:

This chapter applies recent research on environmental enforcement to a potential U.S. program to control greenhouse gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions that are relatively easy to monitor (such as carbon dioxide emissions from fossil fuels) with those that may be very difficult to monitor (such as some emissions of other greenhouse gases). The paper documents the heterogeneity in monitoring costs across different parts of current carbon markets. It argues that a broad emission trading system that includes more difficult-to-enforce components can provide less incentive to violate the law than a narrower program; thus, the government may not find it more costly to assure compliance with a broader program.

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