Show simple item record

dc.contributor.advisorMort D. Webster and A. Denny Ellerman.en_US
dc.contributor.authorJakobovits, Lisa M. (Lisa Michelle)en_US
dc.contributor.otherMassachusetts Institute of Technology. Technology and Policy Program.en_US
dc.contributor.otherMassachusetts Institute of Technology. Engineering Systems Division.en_US
dc.date.accessioned2008-11-07T19:13:03Z
dc.date.available2008-11-07T19:13:03Z
dc.date.copyright2008en_US
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/43183
dc.descriptionThesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2008.en_US
dc.descriptionIncludes bibliographical references (p. 124-126).en_US
dc.description.abstractA cap-and-trade program, as is used in the European Trading Scheme, is currently the most widely discussed method in the US for reducing greenhouse gases. A basic cap-and-trade program operates by mandating a fixed level of emissions for a given period, issuing permits, and then allowing a market for those permits to develop. The resulting market price for emissions permits, and hence the economic impacts of the chosen policy, can only be estimated in advance with a high degree of uncertainty. Many of the current US cap-and-trade proposals contain provisions for cost-containment instruments which reduce the possible range of emissions prices. This paper analyzes the relative effectiveness of three such cost-containment instruments, including a safety valve, an intensity target, and banking and borrowing. The results presented rely on two computable general equilibrium models developed at the Massachusetts Institute of Technology, and show the predicted performance of these instruments under a simulated range of economic outcomes.en_US
dc.description.statementofresponsibilityby Lisa M. Jakobovits.en_US
dc.format.extent126 p.en_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectTechnology and Policy Program.en_US
dc.subjectEngineering Systems Division.en_US
dc.titleA comparison of cost-containment instruments for US carbon reduction policiesen_US
dc.typeThesisen_US
dc.description.degreeS.M.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Engineering Systems Division
dc.contributor.departmentTechnology and Policy Program
dc.identifier.oclc255595258en_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record