The DOI matches its Crossref record; 17 of the 17 references it cites were found in a registry or an index.
The Role of Economics in Climate Change Policy
Abstract
The most important characteristic of climate change as a policy problem is uncertainty. From climatology to economics, uncertainties are pervasive, large and difficult to resolve. However, the economic theory of environmental policy under uncertainty provides a clear guide to the design of an appropriate policy. An efficient and practical approach would be a hybrid that incorporates the best features of tradable permits and emissions taxes. Unfortunately, international negotiations have taken a different approach, focusing on rigid targets and timetables for emissions reductions. The result has been the Kyoto Protocol, an agreement with no real chance of reducing greenhouse gas emissions.
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Cites
Climate Change 2001: The Scientific Basis
Cooper, R. N., Houghton, J. T., McCarthy, J. J., & Metz, B. (2002) · Foreign Affairs · doi:10.2307/20033020 · Cited by 12,889
Climate Change 2022: Impacts, Adaptation and Vulnerability
(2025) · Climate Change and Law Collection · doi:10.1163/9789004322714_cclc_2022-0258-0930 · Cited by 2,706
Weitzman, M. L. (1974) · The Review of Economic Studies · doi:10.2307/2296698 · Cited by 2,071
Contingent Valuation: Is Some Number Better than No Number?
Diamond, P. A., & Hausman, J. A. (1994) · Journal of Economic Perspectives · doi:10.1257/jep.8.4.45 · Cited by 1,894
Sdol, E. (2009) · Cited by 1,396
Effluent charges and licenses under uncertainty
Roberts, M. J., & Spence, M. (1976) · Journal of Public Economics · doi:10.1016/0047-2727(76)90014-1 · Cited by 775
(2016) · Democratic Transformations in Europe · doi:10.4324/9781315657646-21 · Cited by 589
Regulating stock externalities under uncertainty
Newell, R. G., & Pizer, W. A. (2003) · Journal of Environmental Economics and Management · doi:10.1016/s0095-0696(02)00016-5 · Cited by 461
Thirteen plus one: a comparison of global climate policy architectures
Aldy, J. E., Barrett, S., & Stavins, R. N. (2003) · Climate Policy · doi:10.1016/j.clipol.2003.09.004 · Cited by 409
The Cost of Slowing Climate Change: a Survey
Nordhaus, W. D. (1991) · The Energy Journal · doi:10.5547/issn0195-6574-ej-vol12-no1-4 · Cited by 351
Cited by
Psychological Barriers to Bipartisan Public Support for Climate Policy
Van Boven, L., Ehret, P. J., & Sherman, D. K. (2018) · Perspectives on Psychological Science · doi:10.1177/1745691617748966 · Cited by 228
Market Failure and the Structure of Externalities
(2010) · Harnessing Renewable Energy in Electric Power Systems · doi:10.4324/9781936331864-15 · Cited by 62
Metadata
- Authors
- McKibbin, W. J., & Wilcoxen, P. J.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2002-05-01
- Volume
- 16
- Issue
- 2
- Pages
- 107-129
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2141581022
- Cited by
- 316
- References
- 17
- FWCI
- 28.72
- Type
- journal article
- Language
- en
- Open access
- closed
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