| Article ID: | iaor20115860 |
| Volume: | 39 |
| Issue: | 7 |
| Start Page Number: | 3975 |
| End Page Number: | 3991 |
| Publication Date: | Jul 2011 |
| Journal: | Energy Policy |
| Authors: | Woerman Matt, Paul Anthony, Palmer Karen, Steinberg Daniel C |
| Keywords: | economics |
• Climate benefits of cap‐and‐trade are greater than of tax credits or RPS. • Cap‐and‐trade is more cost‐effective at reducing emissions than tax credits or RPS. • Tax credits are a subsidy to production that raises electricity consumption. • Alternative compliance payment can substantially affect the outcome of RPS.