Description
In this paper we examine the effects of unanticipated macroeconomic shocks to growth in developing countries or a global financial crisis on the performance of three climate policy regimes: a globally-harmonized carbon tax; a global cap and trade system; and the McKibbin-Wilcoxen hybrid.
Information
- Author(s)
- Warwick J. McKibbin, Adele Morris and Peter J. Wilcoxen
- Publisher
- The Brookings Institution
- Place published
- Washington DC
- Date / journal vol no.
- 2008 / Global Working Paper No. 25
- Pages
- 46
