Robert Stavins, Judson Jaffe, Todd Schatzki, 03 January 2008

The possibility of “no cost” emission reductions has been raised by research on California’s Global Warming Solutions Act of 2006. Here is a more sober assessment. Overly optimistic findings leave policymakers with inadequate appreciation of the stakes, and provide little insight into the relative cost of policy design alternatives.

CEPR Policy Research