Click here to download

Robert stav ins on the carbon-pricing regime, the New York times , 1 june 2014: dodgy arguments
Author/s: Michel Damian 
Year:  2014 Issue: Language: English 
Pages:  9 Pg. 53-61 FullText PDF:  127 KB
DOI:  10.3280/EFE2014-001003
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 

This commentary discusses the opinion piece published on 1 June 2014 by Professor Robert Stavins in The New York Times. Professor Robert Stavins argues that "The Only Feasible Way of Cutting Emissions" is to set up a market for tradable permits. We review and criticize his mains arguments. Our purpose here is not to deny the possibility of carbon trading, but to call for a realistic assessment of the deployment of cap-and-trade systems and their limitations.
Keywords: Cap-and-trade, Command and control, Lead in gasoline, SO2 emissions, California AB32, Climate Change
Jel Code: H23, Q54, Q58

  1. Bellas A., Lange I. (2005). Are Tradable Permits for Mercury Worthwhile? The Electricity Journal. 18(2), 85-90., DOI: 10.1016/j.tej.2005.01.001
  2. Buchan D. (2010). California’s Climate Policy – a Model? EV 56. The Oxford Institute for Energy Studies, December 1.
  3. Burtraw D. (2012). The Institutional Blind Spot in Environmental Economics. DP 12-41, Resources for the Future, Washington, DC, August 24.
  4. Bushnell J., Peterman C., Wolfram C. (2008). Local Solutions to Global Problems: Climate Change Policies and Regulatory Jurisdiction. Review of Environmental Economics and Policy. 2(2), 175-193., DOI: 10.1093/reep/ren007
  5. Damian M. (2014). La politique climatique change enfin de paradigme. Economie Appliquée. LXVII (1), 37-72.
  6. Damian M. (2012). Repenser l’économie du changement climatique. Economie Appliquée. LXV (2), 9-46.
  7. Fowlie M. et al. (2009). What Do Emissions Markets Deliver and to Whom? Evidence from Southern California’s NOx Trading Program. Working Paper, National Bureau of Economic Research. Cambridge, MA. June.
  8. Hanemann M. (2008). California’s New Greenhouse Gas Laws. Review of Envionmental Economics and Policy. 2(1), 114-129., DOI: 10.1093/reep/rem030
  9. Hanemann M., Busch C. (2009). Climate Change Policy in California: Balancing Markets versus Regulation. University of California, Berkeley/Center for Resource Solutions, San Francisco.
  10. Harrington W., Morgenstern R.D., Nelson P. (2000). On the Accuracy of Regulatory Cost Estimates. Journal of Policy Analysis and Management. 19(2), 297-322., DOI: 10.1002/(SICI)1520-6688(200021)19:2<297::AID-PAM7>3.0.CO;2-X
  11. Harrison D. Jr. (1999). Tradable permits for air pollution control: The US experience. In: OECD, Implementing Domestic Tradable Permits for Environmental Protection. OECD Proceedings, Paris, 23-51.
  12. Navarro M. (2012). Reaping a Bonus From Cap-and-Trade. The New York Times. January 27.
  13. Newell R.G., Rogers K. (2003). The U.S. Experience with the Phasedown of Lead in Gasoline. Discussion Paper, Resources for the Future. Washington, D.C., June.
  14. Perthuis C. (2006). Marché européen : an 1. Mission climat de la Caisse des Dépôts, Lettre trimestrielle 5, Janvier.
  15. Pool S. (2010). The Proof Is in the Pudding: Regional Greenhouse Gas Initiative Shows Pollution Pricing Works. Center for American Progress. March 22.
  16. Rabe B. (2007). Environmental Policy and the Bush Era: The Collision Between the Administrative Presidency and State Experimentation. Publius: The Journal of Federalism. 37(3), 413-431., DOI: 10.1093/publius/pjm007
  17. Schelling T.C. (1983). Incentives for Environmental Protection. Cambridge M.A.: The MIT Press.
  18. Shin S. (2013). China’s failure of policy innovation: the case of sulphu dioxide emission trading. Environmental Politics. 22(6), 918-934., DOI: 10.1080/09644016.2012.712792
  19. Stavins R.N. (1988). Project 88: Harnessing Market Forces to Protect Environment. Harvard University.
  20. Stavins R.N. (2014). The Only Feasible Way of Cutting Emissions. New York Times. June 1.
  21. Wätzold F. (2004). SO2 Emissions in Germany: Regulation to Fight Walsterben. In: Harrington W., Morgenstern R., Sterner R.D. (Eds), Choosing Environmental Policy: Comparing Instruments and Outcomes in the United States and Europe. Resources for the Future, Washington, DC, 23-40.

Michel Damian, in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 1/2014, pp. 53-61, DOI:10.3280/EFE2014-001003


FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content