"Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market p…
A political science analysis of the feasibility and sustainability of carbon pricing, drawing from North American, European, and Asian case studies.Climate change, economists generally agree, is best addressed by putting a price on the carbon content of fossil fuels--by taxing carbon, by cap-and-trade systems, or other methods. But what about the politics of carbon pricing? Do political realiti…
Why the traditional "pledge and review" climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed.After twenty-five years of failure, climate negotiations continue to use a "pledge and review" approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, le…