Climate ChangeS provides researchers with a timely and accurate update of new research papers on the Economics of Climate Change. On a weekly basis, links to the most recent and interesting working papers are aggregated from a variety of sources for easy and convenient reference. The focus is on research at the frontier, with most contributions appearing just a few days after having been released. For this reason, journal articles are not tracked.

May 4, 2008

Analysis of U.S. Greenhouse Gas Tax Proposals.

The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. Several of these proposals call for a cap-and-trade system; others propose an emissions tax. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of the tax proposals.

Metcalf, G.E., S. Paltsev, J. M. Reilly, H.D. Jacoby and J. Holak. "Analysis of U.S. Greenhouse Gas Tax Proposals." MIT Global Change Joint Program, Report 160, Apr 2008. [Report PDF: 800 kB] [Appendix: 1.6 MB]

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