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Policy Instruments for Mitigating Carbon Dioxide Emissions

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Encyclopedia of Sustainability Science and Technology

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Glossary

Benefit-cost analysis:

The systematic appraisal of all benefits and all costs of a specific course of action.

Cap and trade:

The policy instrument of assigning a limited number of property rights to the environment (typically in the form of emission allowances) and then letting recipients of those rights to trade them in the marketplace to achieve the least-cost mitigation of a given pollutant.

Carbon tax:

Imposing a fee per unit of carbon (or other greenhouse gas measured in carbon equivalents) in order to create a disincentive for pollution emissions.

Economic efficiency:

Obtaining the maximum outcome from the use of limited resources, as in the maximum economic output given a fixed amount of inputs by a producer and the maximum utility from a given combination of goods and services by a consumer.

Economic policy instruments:

The institutional means of implementing environmental goals.

Emission allowance auction:

Selling emission allowances to the highest bidder, as opposed...

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Author information

Authors and Affiliations

  1. Price School of Public Policy, and Faculty Fellow, Schwarzenegger Institute for State and Global Policy, University of Southern California, Los Angeles, CA, 90089-0626, USA

    Adam Rose

  2. Brandt Stevens, President, BK Stevens Consulting, Sacramento, CA, 90089-0626, USA

    Brandt Stevens

Authors
  1. Adam Rose
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  2. Brandt Stevens
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Corresponding author

Correspondence to Adam Rose .

Editor information

Editors and Affiliations

  1. Ramtech Ltd., Larkspur, California, USA

    Robert A. Meyers

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Rose, A., Stevens, B. (2017). Policy Instruments for Mitigating Carbon Dioxide Emissions. In: Meyers, R. (eds) Encyclopedia of Sustainability Science and Technology. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-2493-6_953-1

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  • DOI: https://doi.org/10.1007/978-1-4939-2493-6_953-1

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  • Print ISBN: 978-1-4939-2493-6

  • Online ISBN: 978-1-4939-2493-6

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