Unit 7: Policy Analysis Slideshow

Question 1

How can economic theory help in developing climate policy responses

Answer 1

Criteria to evaluate effectiveness

Question 2

What policies have been proposed and implemented at local, national, global levels

Answer 2

-Kyoto
-Paris
-Copenhagen

Question 3

What are possible policy responses to global climate change

Answer 3

-Preventative
-Adaptive

Question 4

What are PREVENTATIVE measures

Answer 4

Actions designed to reduce the extent of climate change by reducing projected emissions of greenhouse gases

Question 5

What are ADAPTIVE measures

Answer 5

Actions designed to reduce the magnitude or risk of damages from global climate change

Question 6

Why do we need Environmental policy

Answer 6

Due to Market Failures

Question 7

What are the Market Failures concerning the environment

Answer 7

-Externalities
-Common pool resources
-Public Goods
-Lack of perfect info
-Challenges with R&D

Question 8

What are the Policy Evaluation Criteria

Answer 8

Effectiveness
Efficiency
Fairness
Simplicity
Acceptability

Question 9

Evaluating Voluntary Policies (carbon offsets)

Answer 9

Simple
Acceptable

Question 10

Evaluating Command & Control

Answer 10

Effective
Simple

Question 11

Evaluating Tradeable Permits

Answer 11

Effective
Efficient

Question 12

Evaluating Taxes

Answer 12

Effective
Efficient
Fair

Question 13

Evaluating Subsidies

Answer 13

Simple
Acceptable

Question 14

What are some Hybrid Policies

Answer 14

-Renewable portfolio standards
-Zero emissions vehicle standards

Question 15

Evaluating Hybrid Policies

Answer 15

Effective
Efficient
Fair
Acceptable

Question 16

What are other important policy criteria

Answer 16

-Stimulates Innovation
-Long term price signal
-Certainty
-Adaptive
-Leakage?
-Measurable
-Enforceable
-Perverse Incentives
-Weak/ Strong Sustainability
-Employment
-Durability
-Appropriate institutions in place