Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions

Download or read book Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions written by Barry Leonard and published by DIANE Publishing. This book was released on 2010-11 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses one option for reducing emissions in a cost-effective manner: to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Such a cap-and-trade program would lead to higher prices for energy from fossil fuels and for energy-intensive goods, which would in turn provide incentives for households and businesses to use less carbon-based energy and to develop energy sources that emit smaller amounts of CO2. Charts and tables.