Setting the global thermostat with an exhaustible tradeable permit system [electronic resource].

Published:: Arlington, Va. : National Science Foundation (U.S.), 1993.
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy.
Physical Description:: 20 pages : digital, PDF file
Additional Creators:: Argonne National Laboratory, National Science Foundation (U.S.), and United States. Department of Energy. Office of Scientific and Technical Information

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Summary:

The global warming policy debate has centered largely on near-term objectives such as freezing 1990 CO₂ emissions without regard to long-run implications. A policy of freezing CO₂ emissions is shown to slow but not halt global warming, while requiring expensive near-term adjustments. If the long-run temperature change outcome of the freeze policy is set as the goal of a more graduated control policy, one which allows the market to determine annual emissions, a more cost-effective solution is obtained that reduces the negative adjustment effects on the energy and other affected industries. The most cost-effective emissions time path of a graduated control policy could be achieved by an evaporative marketable CO₂ emissions permit system. This paper provides a preliminary examination of an evaporative permit system used to achieve long-run stabilization of greenhouse-induced temperature change.

Report Numbers:

E 1.99:anl/eais/cp--79424
E 1.99: conf-930415--1
conf-930415--1
anl/eais/cp--79424

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Note:

Published through SciTech Connect.
05/01/1993.
"anl/eais/cp--79424"
" conf-930415--1"
"DE93012911"
": Agreement DWB9935706-01"
4. international conference on global warming science and policy,Chicago, IL (United States),5-8 Apr 1993.
South, D.W.; Daly, T.A.; Quinn, K.G.; Kosobud, R.G.

Funding Information:

W-31109-ENG-38

View MARC record | catkey: 14093028