I propose a new climate policy, called greenhouse gas (GHG) property, that makes atmospheric GHG stocks the unit of regulation. The initial extractor or importer of a fossil fuel would own tradable carbon property that would become carbon dioxide (CO2) property upon combustion. This CO2 property...

Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and...

Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and...