Question

Article: Designing Climate Mitigation Policy by Joseph E. Aldy Alan J. Krupnick Richard G. Newell Ian W.H. Parry William A. Pizer

1 Identifying authors’ research question(s) or motivation (s):
identify the research questions that author has addressed
2 Describing motivation and importance of the research question (if any)
3 Conceptual framework or econometric strategies in the article
4 Summary of the main arguments/theories developed leading to the research questions

Thanks

Answer 1

1. THERE ARE MULTIPLE APPROACHES TO COORDINATING EMISSION CONTROL AGREEMENTS . THIS PAPER ATTEMPTS TO PROVIDE THE ANSWERS TO THE QUESTION, WHAT MIGHT A RATIONAL POLICY RESPONSE FOR SUCH A COMPLEX PROBLEM
   
   
2. SOME OF THE BIGGEST CHALLENGES FACING CLIMATE ECONOMISTS ARE TO DEVELOP AND APPLY METHODOLOGIES FOR VALUING THE WIDE ARRAY OF MARKETS AND NON MARKET IMPACTS ACROSS DIFFERENT REGIONS, TIME PERIODS, AND SCENARIOS FOR CLIMATE CHANGE.
   
   
3. THE BROADEST ISSUE OF HOW HIGH ASSESSMENTS SUGGESTS THE NEAR AND MEDIUM TERM PRICE ON GREEN HOUSE GASES NEED TO BE BOTH UNDER COST EFFECTIVE STABILIZATION OF GLOBAL CLIMATE AND UNDER NET BENEFIT MAXIMIZATION OR PIGOUVIAN EMISSION PRICING.
   
   
   
4. THERE IS A LARGE DIFFERENCE IN THE APPROPRIATE STARTING PRICES FOR THE GREEN HOUSE GAS EMISSIONS, DEPENDING ON WHETHER THE ULTIMATE OBJECTIVE IS TO LIMIT ATMOSPHERIC CO2 CONCENTRATIONS 450 OR 550 PPM, TARGETS THAT ARE APPROXIMATELY CONSISTENTLY WITH KEEPING THE EVENTUAL, MEAN PROJECTED WARMING TODAY'S TEMPERATURES TO 1.5 oC TO 2.5 oC. RESPECTIVELY.