AIR POLLUTION
November 1998
"A Methodological Investigation of the Costs of Carbon Sequestration"
Journal Article, Journal of Applied Economics, issue 2, volume 1
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on International Climate Agreements
This paper develops a methodology whereby estimates of the costs of carbon sequestration can be developed on the basis of evidence from observations of landowners' behavior when confronted with the opportunity costs of alternative land uses.
Summer 1998
"What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading"
Journal Article, Journal of Economic Perspectives, issue 3, volume 12
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on International Climate Agreements
The most ambitious application ever attempted of a market-based approach to environmental protection has been for the control of acid rain under the Clean Air Act amendments of 1990, which established a sulfur dioxide allowance trading program. This essay identifies lessons that can be learned from this grand experiment in economically oriented environmental policy. The author examines positive political economy lessons, asking why this system was adopted from acid-rain control in 1990, and he considers normative lessons that can be learned from the program's structure and performance, focusing on lessons for the design and implementation of future systems.
January 1997
Policy Instruments for Climate Change: How Can National Governments Address a Global Problem?
Journal Article, University of Chicago Legal Forum
There continues to be a great debate about the desirability of taking actions to limit carbon dioxide (CO2) and other greenhouse gas emissions, but it is important to consider policy instruments that can be employed to meet targets that may eventually be forthcoming
