By Lawrence Goulder,Marc Hafstead
Goulder and Hafstead practice a multiperiod, economy-wide normal equilibrium version that's exact in its realization to funding dynamics and to interactions among weather coverage and the tax approach. Exploiting the original beneficial properties of the version, they distinction the shorter- and longer-term coverage affects and concentrate on alternative routes of feeding back—or “recycling”—policy-generated sales to the non-public area. Their paintings exhibits how cautious coverage layout, together with the really appropriate use of policy-generated sales, can in attaining wanted mark downs in carbon dioxide emissions at cost-efficient, stay away from asymmetric affects throughout family source of revenue teams, and stop losses of revenue within the so much susceptible U.S. industries. regardless of dim customers for weather coverage within the federal govt, the urgency of the quandary calls for entire motion, and Confronting the weather Challenge bargains a theoretically and empirically sound framework for doing so.
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Additional info for Confronting the Climate Challenge: A General Equilibrium Assessment of U.S. Policy Options
Confronting the Climate Challenge: A General Equilibrium Assessment of U.S. Policy Options by Lawrence Goulder,Marc Hafstead