Resources and Reports
Carbon Share Works
How Carbon Share Works FAQs
fliers about Carbon Share (6-26-09):
What is Carbon Share
How to spend
the auction revenues
How would you like your climate allocation
Cap and Dividend:
A Cap and Dividend Primer
Cap and Dividend New flier 6-26-09
on Cap and Dividend (pdf)
factsheet on how Cap and Dividend and Carbon Share can coexist
Mike Sandler explains Cap & Dividend on the "Climate Challenge" show on Montgomery County Community TV. (half hour show)
market design new flier 6-26-09
Guide to Carbon Capping by Peter Barnes, with research by
Four Design Recommendations 11-20-07 (pdf)
on ARB Scoping Plan 11-29-07 (pdf)
Barnes on Draft MAC Report 6-5-07 (word)
CPC Comments on Draft
MAC Report 6-6-07 (word)
Materials on Comments (pdf)
Barnes testimony to Market Advisory Committee (word)
Three Recommendations for a
Carbon Market by CPC (pdf)
on the difference between a carbon tax and cap and trade system (pdf)
Factsheet on how
a carbon fee could be the price floor for a cap and auction system
Factsheet on how
a carbon fee could be the price floor for a cap and auction system
(pdf new 6-29-09)
Factsheet on how
to spend revenues from an auction: Invest or Compensate Consumers? (pdf)
Here is a printable dividend (pdf), which you can print out and take with you to public events.
Solutions: The Children's Book Version (pdf)
can you spare a carbon credit? - Boston Globe 2-24-08
Post endorses Cap and Return 10-19-08
the Windfall by Richard Douthwaite in the Guardian UK 8-26-08
Times Editorial: Cap-and-trade rules A new program by California
and other Western states to curb pollution will work -- if done
right. October 1, 2008 Excerpt: "Auctioning is a fair way
of setting a price for pollution. Moreover, the government can
use the proceeds from the auction to lessen the pain for consumers."
More media coverage on the News pages.
Bibliography, Further Readings, and Links:
Bailey, John. Carbon Caps with Universal Dividends: Equitable, Ethical, and Politically Effective Climate Policy, Institute for Local Self Reliance, New Rules Project, March 2008.
Peter Barnes, Americans for Equitable Climate Solutions and Corporation for Enterprise Development, "Sky Trust Initiative: Economy-Wide Proposal to Reduce U.S. Carbon Emissions" (information available at http://www.cfed.org/focus.m?parentid=34&siteid=47&id=93)
Peter Barnes, "Who Shall Inherit the Sky?" Yes Magazine. Spring 1999. http://www.futurenet.org/article.asp?id=772
Bovenberg, Lans and Lawrence Goulder, Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies: What Does it Cost? Working Paper No. 7654 (Cambridge, Mass.: National Bureau of Economic Research, April 2000). http://www.nber.org/papers/w7654
Boyce, James K. & Matthew Riddle. Cap and Rebate: How to Curb Global Warming while Protecting the Incomes of American Families, October 2007.
James K. Boyce & Matthew E. Riddle. Cap and Dividend: A State-By-State Analysis. Political Economy Research Institute University of Massachusetts, Amherst, August 2009.
Breslow, Marc and Peter Barnes, “Pie in the Sky,” paper presented to the Natural Assets Workshop in Santa Fe, New Mexico, January 21, 2000. http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_1-50/WP13.pdf
Burtraw, Dallas. Carbon Emission Trading Costs and Allowance Allocations: Evaluating the Options,
Resources for the Future, Fall 2001
Burtraw, Dallas. Design Elements for a Successful CO2 Trading Program
Presentation to California Air Resources Board (CARB) October 20, 2006 http://www.weathervane.rff.org/policy_design/cap_and_trade/Burtraw_CARB_CO2_Trading.pdf
Burtraw, Dallas & Karen Palmer & Bharvirkar, Ranjit & Paul, Anthony. The Effect of Allowance Allocation on the Cost of Carbon Emission Trading, Resources for the Future, 2001.
Carbon Tax Center, James F. Handley, and Charles Komanoff. “Bloomberg, Economists, Greens Tell Ways & Means: Price Carbon Upstream, Distribute Revenues to Consumers” (a blog about a Congressional Hearing titled "Price Carbon Upstream, Distribute Revenues to Consumers") September 21, 2008. http://www.carbontax.org/blogarchives/2008/09/21/bloomberg-economists-greens-tell-ways-means-price-carbon-upstream-distribute-revenues-to-consumers/
Center for Clean Air Policy, US Carbon Emissions Trading: Description of an Upstream Approach (Washington, D.C.: Center for Clean Air Policy, March 1998), p. 7. http://www.ccap.org/pdf/upstpub.pdf
Center for Clean Air Policy, Allowance Allocation: Who Wins and Loses Under a Carbon Dioxide Control Program (Report) 2002. http://www.ccap.org/pdf/ccap_cra_report.pdf (wants to grandfather 9% of allowances and auction the rest.)
Congressional Budget Office, Who Gains and Who Pays Under Carbon-Allowance Trading? The Distributional Effects of Alternative Policy Designs (June 2000), pp. 17-19. http://www.cbo.gov/showdoc.cfm?index=2104&sequence=0
Cramton, Peter and Suzi Kerr. “Tradeable Carbon Permit Auctions: How and Why to Auction Not Grandfather,” Working Paper, University of Maryland. 1988. http://www.market-design.com/files/98wp-tradeable-carbon-permit-auctions.pdf
Cramton, Peter and Suzi Kerr. “The Distributional Effects of Carbon Regulation: Why auctioned carbon permits are attractive and feasible” http://www.cramton.umd.edu/papers1995-1999/99ee-distributional-effects-of-carbon-regulation.pdf
De Place, Eric. “Best Post Ever?” (from The Siteline Institute blog series on Climate Fairness.) http://daily.sightline.org/daily_score/archive/2008/04/14/best-post-ever
Douthwaite, Richard. “Reaping the Windfall.” Guardian UK, August 26, 2008.
Environmental Defense Fund “Catch-Share for fisheries management” (Fish Share?) http://www.edf.org/page.cfm?tagID=69
H. John Heinz III Center for Science, Economics and the Environment, Designs for Domestic Carbon Emissions Trading (Washington, D.C.: Heinz Center, September 1998), p. 48.
FEASTA. The Great Emissions Rights Giveaway (a critique of the ETS allowance giveaway), 2007.
Hoerner, Andrew. “Regional Initiatives to Reduce Greenhouse Gasses: The Crucial Importance of Auctioning Permits for Jobs, Competitiveness, and Equity” Redefining Progress. 2006. http://www.fiscalpolicy.org/northeastRGGI.pdf
Goulder, Lawrence H., Ian W. H. Parry, Roberton C. Williams III, and Dallas Burtraw. “The Cost-Effectiveness of Alternative Instruments For Environmental Protection in a Second-Best Setting,” 1999, , Journal of Public Economics, vol. 72, no. 3 (June), 329–360.) http://www.rff.org/documents/RFF-DP-98-22.pdf
Goulder, Laurence with William Pizer, "The Economics of Climate Change" in Lawrence Blume and Steven Durlauf, eds., The New Palgrave Dictionary of Economics, Palgrave MacMillan, Ltd., forthcoming.. http://www.stanford.edu/~goulder/Goulder-Pizer_Palgrave_Article
Hansen, James. “Tax and Dividend – No Alligator Shoes!” (blog post about Tax and Dividend ) http://www.columbia.edu/~jeh1/mailings/2008/20080604_TaxAndDividend.pdf
Kunkle, Cathy and Dan Kammen. Draft Memo to EAAC on Household Compensation by California County, August, Sept 2009. ( Click here for Map of California Counties, and Map of Bay Area Counties, based on their results, maps by Mike Sandler)
Lavelle, Marianne. “A Climate Change Proposal With Cash” US News & World Report, June 2, 2008.
(U.S. News and World Report article on Cap and Dividend.) http://www.usnews.com/articles/news/national/2008/06/02/a-climate-change-proposal-with-cash.html
McKibbin, Warwick and Peter J. Wilcoxen, Designing a Realistic Climate Change Policy That Includes Developing Countries (Washington, D.C.: Brookings Institution, October 20, 1999), and Warwick J.
McKibbin, Warwick, An Early Action Climate Change Policy for All Countries, draft (Washington, D.C.: Brookings
Institution, July 28, 2000). http://www.msgpl.com.au/download/developing.pdf
NBER Market Design Working Group. http://www.nber.org/workinggroups/md/md.html
Orszag, Peter. Approaches to Reducing Carbon Dioxide Emissions, Testimony given before the Committee on the Budget U.S. House of Representatives by the Director of the Congressional Budget Office, Nov. 1, 2007.
Parry, Ian W. H., Robertson C. Williams, Dallas Burtraw and Lawrence H. Goulder
(1997), ‘The Cost Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting’ Paper presented at NBER Summer Institute
Workshop on Public Policy and the Environment, Cambridge, Massachusetts,
Pizer, William A., Prices vs. Quantities Revisited: The Case of Climate Change, Discussion Paper No. 98-02 (Washington, D.C.: Resources for the Future, 1997).
Reich, Robert. “Why Revenues from Cap-and-Trade Should Be Returned to Us As Dividends,” June 4, 2008. http://robertreich.blogspot.com/2008/06/mccain-obama-and-cap-and-trade-we-need.html
Resources for the Future. Dallas Burtraw and Palmer, Karen & Bharvirkar, Ranjit & Paul, Anthony, The Effect of Allowance Allocation on the Cost and Efficiency of Carbon Emission Trading (Washington, D.C.: Resources for the Future, April 2001). http://www.rff.org/documents/RFF-DP-01-30.pdf
Resources for the Future. “Allocation of CO2 Emissions Allowances in the Regional Greenhouse Gas Cap-and-Trade Program” by Dallas Burtraw, Karen L. Palmer, and Daniel B. Kahn, Resources for the Future Discussion Paper 05-25, June 2005. http://www.weathervane.rff.org/solutions_and_actions/United_States/RGGI/Allocation_of_CO2_Emissions.cfm
Resources for the Future. Carbon Emission Trading Costs and Allowance Allocations: Evaluating the Options by Dallas Burtraw, published by Resources for the Future, Fall 2001 http://www.rff.org/Documents/RFF-Resources-145-c02emmis.pdf
Resources for the Future. Fischer, Carolyn. 2001. “Rebating Environmental Policy Revenues: Output-Based Allocations and Tradable Performance Standards.” Washington, DC: Resources for the Future.
Resources for the Future. Kopp, Raymond, Richard Morgenstern and William A. Pizer (1997), "Something for Everyone: A Climate Policy that Both Environmentalists and Industry Can Live With," Weathervane, Resources for the Future, Washington, September 29.
Resources for the Future. Raymond Kopp, Richard Morgenstern, William Pizer, and Michael Toman, “A Proposal for Credible Early Action in U.S. Climate Policy,” a Resources for the Future policy paper (February 1999), available at www.weathervane.rff.org/features/feature060.html.
Resources for the Future, Pizer, Burtraw, et al. “Modeling Economywide versus Sectoral Climate Policies Using Combined Aggregate-Sectoral Models" http://www.rff.org/documents/RFF-DP-05-08.pdf
Resources for the Future. Burtraw, et al. Allocation of CO2 Emissions Allowances in the Regional Greenhouse Gas Cap-and-Trade Program http://www.rff.org/Documents/RFF-DP-05-25.pdf
Romm, Joseph. “More on Carbon Trading,” (A Grist article that discusses Carbon Share.) http://www.grist.org/article/repetto-argues-for-upstream-cap-and-trade/ August 7, 2007.
Sinden, Amy. Revenue-Neutral Cap and Trade, Environmental Law Reporter, Forthcoming, 2009.
(Sinden is a professor at Temple University - James E. Beasley School of Law.)
Stavins, Robert N. (1997), ‘What Can We Learn from the Grand Policy Experiment?
Positive and Normative Lessons from SO2 Allowance Trading,’ Journal of
Economic Perspectives, 12(3):69-88.
Stavins, Robert N. “Inspiration for climate change,” Op Ed to the Boston Globe November 12, 2008 .http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/11/12/inspiration_for_climate_change/
The Economist, “Terminating Greenhouse Gases: What Europe’s failing effort to cut carbon emissions can teach California,” October 16, 2006.
The Economist, “How America is likely to take over leadership of the fight against climate change; and how it can get it right,” January 27, 2007.
Tidwell, Mike. Family Income and Climate Security: We Can Have Both, Huffington Post, 2-27-09.
Umana, Alvaro, David Orr, Elinor Ostrom, Oran Young, Paul Hawken, Peter Barnes, Robert Costanza. “A system to control climate change and reduce poverty” Grist, January 2, 2008. http://www.grist.org/article/creating-an-earth-atmospheric-trust/ (More about The Earth Atmospheric Trust at http://www.earthinc.org/earth_atmospheric_trust.php.)
Video of Bill O’Reilly and Lou Dobbs discussing the Alaska Permanent Fund and dividend on Fox News
Watt, Helen Payne. “Common Assets: Asserting Our Rights to Shared Inheritance”, Corporation for Enterprise Development and Redefining Progress, 2000.