Model, Model on the Screen, What's the Cost of Going Green?

How much a policy is expected to cost and who bears the brunt of that cost play a significant role in the debates that shape regulations. We do not have a good track record of predicting costs and their ultimate distribution, but systematic reviews of past assessments have identified some of the factors that lead to errors. A wide range of expected costs of climate policy have been hotly debated, but all are likely to be wrong. This does not mean that we should continue a debate using ill-informed analyses. On the contrary, we need early small experiments to shed light on key unknowns. Environmental stewardship is a long-term challenge and an adaptive regulatory approach promises to inform policy targets and improve controls through sequential regulatory phases that promote: innovation, flexibility and diffusion of best technologies.


Issue Date:
2004
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/10806
PURL Identifier:
http://purl.umn.edu/10806
Total Pages:
30
JEL Codes:
D21; D82; D83; F13; O31
Series Statement:
Discussion Paper 04-17




 Record created 2017-04-01, last modified 2020-10-28

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