With the permission of MIT Press, this document includes Chapters 11 and 12 from my 2011 book, The End of Energy: The Unmaking of America’s Environment, Security, and Independence. These two chapters discuss some of the history and merits of taxes, subsidies, and regulation (including cap and trade) as mechanisms to implement policies to curb greenhouse gases. In light of the renewed interest in and discussion of command and control regulations and carbon taxes, these chapters may be useful to readers who do not have the book. The bibliographic material relating to these chapters is contained in the book and has been omitted here.
Michael J. Graetz,
The End of Energy: The Unmaking of America's Environment, Security, and Independence – Chapters 11 and 12,
The End of Energy: The Unmaking of America's Environment, Security, and Independence, Michael J. Graetz, MIT Press, 2011
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/2546