Download or read book Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions written by Douglas W. Elmendorf and published by DIANE Publishing. This book was released on 2010-10 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Testimony on the distribution of revenues that could be generated by a cap-and-trade program for reducing U.S. emissions of carbon dioxide. The potential cost of reducing the effect of climate change may be significant because it would entail substantial reductions in global emissions over the coming decades. One option for reducing emissions in a cost-effective manner is to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Charts and tables.