Schmalensee, Richard, and Robert N. Stavins. “
The Design of Environmental Markets: What Have We Learned From Experience With Cap and Trade?”
Oxford Review of Economic Policy 33, no. 4 (2017): 572-588.
AbstractThis article reviews the design of environmental markets for pollution control over the past 30 years, and identifies key market-design lessons for future applications. The focus is on a subset of the cap-and-trade systems that have been implemented, planned, or proposed around the world. Three criteria led us to the selection of systems for review. First, among the broader class of tradable permit systems, our focus is exclusively on cap-and-trade mechanisms, thereby excluding emission-reduction-credit or offset programmes. Second, among cap-and-trade mechanisms, we examine only those that target pollution abatement, and so we do not include applications to natural resource management, such as individual transferable quota systems used to regulate fisheries. Third, we focus on the most prominent applications—those that are particularly important environmentally, economically, or both.
The Design of Environmental Markets: What Have We Learned From Experience With Cap and Trade?[A-89]
Stavins, Robert N. “
The Economics (and Politics) of Trump's Paris Withdrawal.”
PBS NewsHour (2017).
Publisher's VersionAbstractThe announcement by President Trump that he will withdraw the United States from the Paris climate agreement was based neither on real science nor sound economics.
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Stavins, Robert N. “
Goodbye Paris, Hello Nicaragua: Why Trump’s Withdrawl From The Climate Accord Is Bad For America.”
WGBH News (2017).
Publisher's VersionAbstractPresident Trump’s decision to withdraw the United States from the Paris Climate Agreement was both confused and misguided, and his justifications were, for the most part, false.
D-153
Stavins, Robert N. “
Why Trump Pulled the U.S. Out of the Paris Accord.”
Foreign Affairs (2017).
Publisher's VersionAbstractTrump’s decision to withdraw the nation from the Paris climate agreement was not based on science or sound economics, but on a confused, misguided, and simply dishonest desire to score some short-term political points with his voters. What he sacrifices in the long term will be immensely more difficult for the country to win back at the ballot box: authority, credibility, and influence.
D-154
Stavins, Robert N. “
The Evolution of Environmental Economics: A View from the Inside.”
The Singapore Economic Review 62, no. 2 (2017): 251–274.
Publisher's VersionAbstract
This essay provides one economist’s perspective on the two-decade evolution of the field of environmental economics, by tracing it through personal reflections on the professional path that has led to my research and writing. Also, the article summarizes the highlights of some of my research and writing during this period.
stavins_singapore_economic_review.pdf