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ContentsSummary

ContentsSummary vii1EfficiencyImplications of Different Policy Designs 1A Carbon Dioxide Tax Versus an Inflexible Carbon Dioxide Cap 2Flexible Cap Designs 82ImplementationConsiderations for Different Policy Designs 15A Carbon Dioxide Tax Versus an Inflexible Carbon Dioxide Cap 15Flexible Cap Designs 173InternationalConsistency Considerations for DifferentPolicy Designs 19A Carbon Dioxide Tax Versus an Inflexible Carbon Dioxide Cap 19Flexible Cap Designs 21ACurrentand Proposed Cap-and-Trade Programs in theUnited States and Europe 23

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