Confronting the Climate Challenge

U.S. Policy Options

Business & Finance, Economics, Sustainable Development, Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy
Cover of the book Confronting the Climate Challenge by Lawrence Goulder, Marc Hafstead, Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Lawrence Goulder, Marc Hafstead ISBN: 9780231545938
Publisher: Columbia University Press Publication: December 26, 2017
Imprint: Columbia University Press Language: English
Author: Lawrence Goulder, Marc Hafstead
ISBN: 9780231545938
Publisher: Columbia University Press
Publication: December 26, 2017
Imprint: Columbia University Press
Language: English

Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries.

Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries.

Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.

More books from Columbia University Press

Cover of the book Emulating Natural Forest Landscape Disturbances by Lawrence Goulder, Marc Hafstead
Cover of the book Human Trafficking Around the World by Lawrence Goulder, Marc Hafstead
Cover of the book The Watchdog That Didn’t Bark by Lawrence Goulder, Marc Hafstead
Cover of the book Psychology of a Superpower by Lawrence Goulder, Marc Hafstead
Cover of the book No Country by Lawrence Goulder, Marc Hafstead
Cover of the book The Invention of Private Life by Lawrence Goulder, Marc Hafstead
Cover of the book Globalizing the Streets by Lawrence Goulder, Marc Hafstead
Cover of the book Animal Rights by Lawrence Goulder, Marc Hafstead
Cover of the book Pentecostals in America by Lawrence Goulder, Marc Hafstead
Cover of the book Mary and the Art of Prayer by Lawrence Goulder, Marc Hafstead
Cover of the book Records of Dispossession by Lawrence Goulder, Marc Hafstead
Cover of the book Sufi Bodies by Lawrence Goulder, Marc Hafstead
Cover of the book Dekalog 4 by Lawrence Goulder, Marc Hafstead
Cover of the book Men to Boys by Lawrence Goulder, Marc Hafstead
Cover of the book Moved by the Past by Lawrence Goulder, Marc Hafstead
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy