In recent years there has been great interest in the possibility of substituting environmentally motivated or quot;greenquot; taxes for ordinary income taxes. Some have suggested that such revenue- neutral reforms might offer a quot;double dividend:quot; not only (1) improve the environment but...

Jurisdictions that rely on emissions trading to control emissions often utilize other environmental or energy policies as well, including policies to support renewable energy and reduce energy consumption. Overlapping policies produce economic interactions that can lead to quite different...

This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of...

No abstract received.

Lawrence Goulder describes California's recent commitments addressing Global Climate Change and recommends that a cap-and-trade program play a key role in achieving the state's climate policy goals.