An evolving risk perspective for policy instrument choice in sustainability transitions

2020 ◽  
Vol 35 ◽  
pp. 369-382 ◽  
Author(s):  
Lena Kitzing ◽  
Oscar Fitch-Roy ◽  
Marco Islam ◽  
Catherine Mitchell
Keyword(s):  
Policy Instrument ◽  
Sustainability Transitions ◽  
Instrument Choice ◽  
Policy Instrument Choice

scholarly journals Designing Climate Mitigation Policy

2010 ◽  
Vol 48 (4) ◽  
pp. 903-934 ◽  
Author(s):  
Joseph E Aldy ◽  
Alan J Krupnick ◽  
Richard G Newell ◽  
Ian W. H Parry ◽  
William A Pizer
Keyword(s):  
Technological Innovation ◽  
Control Policy ◽  
Policy Instrument ◽  
Climate Mitigation ◽  
International Level ◽  
Global Level ◽  
Mitigation Policy ◽  
Instrument Choice ◽  
The Cost ◽  
Policy Instrument Choice

This paper provides (for the nonspecialist) a highly streamlined discussion of the main issues, and controversies, in the design of climate mitigation policy. The first part of the paper discusses how much action to reduce greenhouse gas emissions at the global level is efficient under both the cost-effectiveness and welfare-maximizing paradigms. We then discuss various issues in the implementation of domestic emissions control policy, instrument choice, and incentives for technological innovation. Finally, we discuss alternative policy architectures at the international level. (JEL Q54, Q58)

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