by Joseph E. Aldy and William A. Pizer
- Over the coming decades, the cost of U.S. climate change policy likely will be comparable to the total cost of all existing environmental regulation, perhaps 1/2 percent of national income. The authors present six key policy design issues that will determine the costs, cost-effectiveness, and distributional impacts of domestic climate policy: program scope, cost containment, offsets, revenues and allowance allocation, competitiveness, and R&D policy.
Aldy, J.A. and W.A. Pizer (2008). "Issues in Designing U.S. Climate Change Policy." RFF Discussion Paper 08-20, Jun 2008.