Cap and Trade

Recent Scholarly Publications

Records 17 / 17

An Experimental Comparison of Carbon Pricing Under Uncertainty in Electricity Markets

May 2020

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies.

Opportunities for advances in climate change economics

April 2016

There have been dramatic advances in understanding the physical science of climate change, facilitated by substantial and reliable research support.

Carbon in the classroom: Lessons from a simulation of California’s electricity market under a stringent cap and trade system

August 2013

This paper summarizes the lessons learned from implementing a realistic, game-based simulation of California’s electricity market with a cap-and-trade market for greenhouse gas (GHG) emissions and...

Bigger is Better: Avoided Deforestation Offsets in the Face of Adverse Selection

March 2011

Voluntary opt-in programs to reduce emissions in unregulated sectors or countries have spurred considerable discussion.

Adverse Selection in an Opt-in Emissions Trading Program: The Case of Sectoral Crediting for Transportation

September 2010

Sectoral crediting mechanisms such as sectoral no-lose targets have been proposed as a way to provide incentives for emission reductions in developing countries as part of an international climate...

Upstream vs. Downstream CO2 Trading: A Comparison for the Electricity Context

March 2010

  In electricity, "downstream" CO2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard.

Finesses and Game-Changers in Frontier Project Development: The Case of Carbon Capture and Storage

August 2009

Project development is particularly challenging in “frontier” environments where alternative technologies, conflicting laws and agencies, and uncertain benefits or risks constrain the knowledge or...

Real Drivers of Carbon Capture and Storage in China and Implications for Climate Policy

August 2009

The capture and permanent storage of CO2 emissions from coal combustion is now widely viewed as imperative for stabilization of the global climate.  Coal is the world’s fastest growing fossil fuel....

Role of Carbon Capture Technologies in Greenhouse Gas Emissions Reduction Models: A Parametric Study for the U.S. Power Sector

June 2009

This paper analyzes the potential contribution of carbon capture and storage (CCS) technologies to greenhouse gas emissions reductions in the U.S.

Carbon Capture and Storage: An Assessment of Required Technological Growth Rates and Capital Investments

May 2009

In this new working paper PESD research affiliate Danny Cullenward studies the required rates of growth and capital investments needed to meet various long-term projections for CCS.

Carbon Capture and Storage at Scale: Lessons from the Growth of Analogous Energy Technologies

February 2009

Carbon capture and storage (CCS) is a promising technology that might allow for significant reductions in CO2 emissions.

PESD Carbon Storage Project Database

November 2008

Carbon capture and storage (CCS) is among the technologies with greatest potential leverage to combat climate change.

A Realistic Policy on International Carbon Offsets

April 2008

As the United States designs its strategy for regulating emissions of greenhouse gases, two central issues have emerged.

National Security Consequences of U.S. Oil Dependency

October 2006

National Security Consequences of U.S.

Optimal intensity targets for emissions trading under uncertainty

June 2005

Uncertainty can hamper the stringency of commitments under cap and trade schemes.

BP's emissions trading system

April 2005

The stellar performance of BP's emission control program has led many observers, inside and outside BP, to ascribe success to the firm's emissions trading system.

Optimal CO2 Abatement in the Presence of Induced Technological Change

August 1999

This paper explores the significance of policy-induced technological change for the design of carbon-abatement policies.


Mark's profile picture Mark C. Thurber Associate Director for Research at PESD, Social Science Research Scholar