The Assessment: Climate-Change Policy.
The paper provides a guide to climate-change policy, and, in particular, the three core components: targets, instruments, and institutional structures. First, the optimal path for reducing carbon-dioxide (CO2) emissions, and the role of the social cost of carbon in the estimation and revision of the...
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| Format: | Journal article |
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2003
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| _version_ | 1797103170385608704 |
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| author | Helm, D |
| author_facet | Helm, D |
| author_sort | Helm, D |
| collection | OXFORD |
| description | The paper provides a guide to climate-change policy, and, in particular, the three core components: targets, instruments, and institutional structures. First, the optimal path for reducing carbon-dioxide (CO2) emissions, and the role of the social cost of carbon in the estimation and revision of the path are set out. Second, the policy instruments, or combination of instruments--taxes, permits, and command-and-control--which are likely to be most efficient within the political constraints are reviewed. Finally, the design of institutional structures most conducive to the facilitation of international agreements (such as the Kyoto Protocol) and the establishment of credible global climate-change policies is discussed. The paper identifies the considerable inefficiencies in existing policies, and the scope for policy improvements. |
| first_indexed | 2024-03-07T06:16:17Z |
| format | Journal article |
| id | oxford-uuid:f12edd1a-4b0c-452d-8594-5987d99f1669 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T06:16:17Z |
| publishDate | 2003 |
| record_format | dspace |
| spelling | oxford-uuid:f12edd1a-4b0c-452d-8594-5987d99f16692022-03-27T11:54:07ZThe Assessment: Climate-Change Policy.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f12edd1a-4b0c-452d-8594-5987d99f1669Department of Economics - ePrints2003Helm, DThe paper provides a guide to climate-change policy, and, in particular, the three core components: targets, instruments, and institutional structures. First, the optimal path for reducing carbon-dioxide (CO2) emissions, and the role of the social cost of carbon in the estimation and revision of the path are set out. Second, the policy instruments, or combination of instruments--taxes, permits, and command-and-control--which are likely to be most efficient within the political constraints are reviewed. Finally, the design of institutional structures most conducive to the facilitation of international agreements (such as the Kyoto Protocol) and the establishment of credible global climate-change policies is discussed. The paper identifies the considerable inefficiencies in existing policies, and the scope for policy improvements. |
| spellingShingle | Helm, D The Assessment: Climate-Change Policy. |
| title | The Assessment: Climate-Change Policy. |
| title_full | The Assessment: Climate-Change Policy. |
| title_fullStr | The Assessment: Climate-Change Policy. |
| title_full_unstemmed | The Assessment: Climate-Change Policy. |
| title_short | The Assessment: Climate-Change Policy. |
| title_sort | assessment climate change policy |
| work_keys_str_mv | AT helmd theassessmentclimatechangepolicy AT helmd assessmentclimatechangepolicy |