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Full-Text Articles in Social and Behavioral Sciences
Neoliberal Instrument Choice, David M. Driesen
Neoliberal Instrument Choice, David M. Driesen
College of Law - Faculty Scholarship
This book chapter reviews the influence on economic thought about instrument choice and its influence upon United States climate change policy. It shows that the theory of instrument choice made a positive contribution to the United States policy arsenal by emphasizing the cost effectiveness advantages of emissions trading. But because of an ideological climate uncritically supportive of free markets prevailed during the period of U.S. failure to address climate change, the United States favored overly broad trading programs, both in terms of geography and scope. This posture had a large influence on the Kyoto Protocol, leading the world to adopt …
Toward Sustainable Technology, David M. Driesen
Toward Sustainable Technology, David M. Driesen
College of Law - Faculty Scholarship
This paper offers suggestions for climate change policies advancing technological changes necessary for sustainable development. It first explains why relentless pursuit of cost effectiveness through broad environmental benefit trading does not maximize long term technological advancement and explores options for narrowing trading's design. It then explores two alternatives to Kyoto style trading to show how a goal of creating a positive long term economic dynamic