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CO2 emissions control: Comparing policy instruments

Dates

Year
1993

Citation

Peck, S.C., and Teisberg, T.J., 1993, CO2 emissions control: Comparing policy instruments: Energy Policy, v. 21, iss. 3, 9 p.

Summary

We use a global model to compare the economic performance of three policy instruments for controlling C02 emissions -period specific emission limits (limit policy), period specific taxes (tax policy), and a cumulative emissions limit (cumulative limit policy). With known costs and benefits of control, tax and limit policies are equivalent, and either is better than a cumulative limit policy. With uncertain benefits of emission reduction, tax and limit policies are equivalent. However, with uncertain costs of emission reduction, a tax policy may be better. A cumulative limit policy may occasionally perform well under uncertainty, but this is not generally the case.

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Attached Files

Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 0301-4215

Citation Extension

citationTypeJournal Article
journalEnergy Policy
parts
typePages
value9
typeVolume
value21
typeIssue
value3

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