Peter R. Orszag

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de Marzo de 2008. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

President Bush and other leaders of the Group of Eight pledged yesterday to try to reduce greenhouse gas emissions 50 percent by 2050. A key consideration in evaluating climate policies is the economic cost of cutting emissions. That cost could be reduced, perhaps by a lot, depending on two key questions about domestic climate policies: whether flexibility is provided when emissions are reduced and whether allowances to emit carbon are sold or given away.

The most common proposal for reducing carbon emissions involves a cap-and-trade program. Such programs provide flexibility regarding where and how firms reduce emissions. That’s a good start, but research suggests that businesses also need flexibility about when they reduce emissions if they are to minimize economic costs.…  Seguir leyendo »