AP Photo/John Giles
July 2012
"Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems"
Discussion Paper
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements and Matthew Ranson
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. This paper addresses an important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases.
May 2012
What are the Welfare Costs of Shoreline Loss?
Discussion Paper
This paper uses housing market data to estimate the welfare costs of shoreline loss along coastal beaches in Florida. The work examines homeowners' willingness to pay for an extra foot of sand and then addresses how changes in beach width generally have little impact on housing prices. The results imply that the welfare costs of sea level rise may be low up to a threshold, and then increase sharply.
May 2012
"Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems"
Discussion Paper
By Matthew Ranson and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases.
