a. Problems with Emissions Taxes
3. Tradable Pollution Permits: “Cap and Trade”
a. Technological Improvement
b. Problems with Cap-and-Trade Systems
4. Pricing Pollution
E. 17.3 The Challenge of Global Climate Change
- Greenhouse-Gas Emissions
a. Flows Versus Stocks
b. The Effect on Global Climate - The Case for Global Collective Action
a. The Kyoto Protocol
b. Performance
c. Recent UN Agreements - Energy Use, GDP, and Greenhouse-Gas Emissions
a. Reducing Global GDP
b. Reducing the Energy Intensity of GDP
c. Reducing the GHG Intensity of Energy
a. The Substitution Approach: Alternative Energy
b. The Emissions-Prevention Approach: Carbon Capture and Storage - Significant Policy Challenges
a. International Tensions
b. Coherent Climate Policy
a. A Price on GHG Emissions
b. Public Support for Technology
c. Canadian Climate-Change Policy - Summary
F. Summary