Instrument Choice in Environmental Policy

  title={Instrument Choice in Environmental Policy},
  author={Lawrence H. Goulder and Ian W. H. Parry},
The choice of pollution control instrument is a crucial environmental policy decision. With growing momentum for federal legislation to control greenhouse gases, interest among policy makers in the issue of instrument choice has reached a fever pitch. The toolkit of environmental instruments is extensive, and includes emissions taxes, tradable emissions allowances (“cap-and-trade”), subsidies for emissions reductions, performance standards, mandates for the adoption of specific existing… CONTINUE READING
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