Policy Alternatives
Americans for Equitable Climate Solutions is
seeking strategy alternatives to traditional approaches that are
economically efficient and distributionally equitable.
A Consumer Grandfathering Option
November 15, 2001
Lee Lane
AECS proposal to modify four-pollutant legislation under consideration in
the U.S. Senate by distributing carbon emission allocations to electric
utility consumer households, power producers and other industries, and
coal producing states.
Position Paper: A Global Climate Change
Policy Framework
May 30, 2001
Richard Schmalensee, Rafe Pomerance and Lee Lane
This AECS position paper recommends a
possible course of action on climate policy for the Bush Administration.
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Allocation of Allowances and Consumer
Impact
May 2, 2001
Lee Lane, Executive Director, AECS
This paper briefly compares and contrasts
the economic implications of alternative systems for allocating emission
allowances among generators of electric power. It focuses on the
alternatives of grandfathering allowances or requiring their purchase and
the implications of each approach. With Congress considering an extension
of tradable emission allowances, the economic issues surrounding the
allocation of allowances are timely and important. The system used for
allocating allowances not only affects the distribution of wealth and
income among Americans. It can also either degrade or enhance the
cost-effectiveness with which emissions are reduced, thereby affecting
overall national productivity and prosperity. By inference it will also
affect the productivity and growth rates in the economy as a whole.
Statement to the NAS CAFE Committee
May 1, 2001
Lee Lane, Executive Director, AECS
The statement AECS submitted to the CAFE
Committee of the National Academy of Sciences stressed that policy options
other than CAFE could, for any given social cost, reduce greenhouse gas
emissions far more significantly than could any conceivable version of
CAFE. Further, politically feasible increases in CAFE standards offer
little prospect for significantly reducing greenhouse gas emissions.
Returning Carbon Permit Proceeds to the
Economy: Three Options
February 19, 2001
Martha Phillips, Policy Consultant to AECS
Three different variations for returning the
proceeds of carbon permitting schemes to households are examined: 1)
rebate of Sky Trust auction proceeds, 2) emission endowments, and 3)
payroll tax reductions.
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