P. 1
Nathaniel Cohen Thesis Honors 2009

Nathaniel Cohen Thesis Honors 2009

Ratings: (0)|Views: 97|Likes:
Published by nathanielcohen
An honors thesis submitted in partial fulfillment of the requirements for the degree of Bachelor of Science Undergraduate College Leonard N. Stern School of Business New York University -- May 2009
An honors thesis submitted in partial fulfillment of the requirements for the degree of Bachelor of Science Undergraduate College Leonard N. Stern School of Business New York University -- May 2009

More info:

Published by: nathanielcohen on Apr 23, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/25/2011

pdf

text

original

 
1
Combating Global Warming:Carbon emissions policiesfor the United States
ByNathaniel CohenAn honors thesis submitted in partial fulfillmentof the requirements for the degree of Bachelor of ScienceUndergraduate CollegeLeonard N. Stern School of BusinessNew York UniversityMay 2009Professor Marti G. Subrahmanyam Dean Thomas CooleyFaculty Adviser Thesis Advisor
 
2
3
 
Table of Contents
The future of our planet ............................................................................................................................... 4Long-term efficiency ..................................................................................................................................... 7Technological innovation ........................................................................................................................ 11Political implications ................................................................................................................................... 13
Aversion to “taxes”
................................................................................................................................. 14Flexibility in revenue generation ............................................................................................................ 14Flexibility to help certain industries ........................................................................................................ 15Rent Seeking ........................................................................................................................................... 17International harmonization ....................................................................................................................... 18International drawbacks of a tax ............................................................................................................ 18Stable, yet flexible ................................................................................................................................... 20"Fair" resolution to the legacy argument ............................................................................................... 20Short-term volatility .................................................................................................................................... 21Banking and borrowing ........................................................................................................................... 23CDM & JI projects .................................................................................................................................... 24International trading ............................................................................................................................... 26Tight cap .................................................................................................................................................. 26Hedging ................................................................................................................................................... 28Effective abatement and flexibility ............................................................................................................. 28Flexibility ................................................................................................................................................. 29From theory to reality ............................................................................................................................. 31EU ETS ......................................................................................................................................................... 31Determination of the caps ...................................................................................................................... 33Allocation: free or auction? .................................................................................................................... 37Banking and borrowing ........................................................................................................................... 39CDM ........................................................................................................................................................ 39New entrants and closures ..................................................................................................................... 41The market .............................................................................................................................................. 42Abatement? ............................................................................................................................................ 44
 
3The US Acid Rain Program .......................................................................................................................... 45Conclusion ................................................................................................................................................... 47Appendices .................................................................................................................................................. 51Appendix I ............................................................................................................................................... 51Appendix II .............................................................................................................................................. 52Appendix III ............................................................................................................................................. 53Appendix IV ............................................................................................................................................. 54References .................................................................................................................................................. 55

Activity (3)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
absurd_insanity liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->