The world needs a new approach to achieving international progress on climate change. Despite prodigious diplomatic efforts over two decades aimed at limiting emissions of climate change pollutants, relatively little in the way of effective global governance has been achieved. In Part 1, I argue...

Last year, Senators Barbara Boxer (D-CA) and Bernie Sanders (I-VT) introduced S. 332, the Climate Protection Act of 2013. Based on a “fee-and-dividend” concept, the bill would levy a carbon pollution fee on carbon dioxide (CO2) emissions starting in 2014 at $20 per metric ton of CO2, rising...

The economic literature supports the case that an emissions excise tax is one of the most cost- effective approaches to reducing greenhouse gas (GHG) emissions. The United States Environmental Protection Agency (EPA) has begun the process of regulating GHG emissions under section 111(d) of the...

We present a new method that enables users of the federal government’s flagship energy policy model (NEMS) to dynamically estimate the direct cost impacts of climate policy across U.S. household incomes and census regions. Our approach combines NEMS output with detailed household expenditure...