ECONOMICS OF ENVIRONMENT, CLIMATE CHANGE, AND WINE

Robert N Stavins has been one of the most influential voices in environmental economics and policy over the past three decades. Written by Stavins and his co-authors, the selected articles and essays in this book were originally published in a diverse set of leading, scholarly periodicals. They are collected here for the first time.

The book begins with an introductory essay where Stavins reflects on the professional path leading to his research and writing, identifying common themes that emerged from his research. This book discusses environmental policy in detail, unpacking policy instruments and scrutinizing both domestic and international policy. Policies are examined in relation to The Paris Agreement. It concludes with a section on wine production and consumption.

This is the third volume of Stavins' selected papers, following Volume 1 (1988–1999) and Volume 2 (2000–2011). Students, scholars, practitioners, and policymakers will find this volume a very valuable and useful addition to their collection.

Contents:

• Background and Overview:
  • Introduction: The Path to the Present (Robert N Stavins)
  • Martin Weitzman: A Gift That Keeps on Giving (Robert N Stavins and Gernot Wagner)
  • Rolling the Dice in the Corridors of Power: William Nordhaus's Impacts on Climate Change Policy (Joseph E Aldy and Robert N Stavins)
  • Assessing the Energy-Efficiency Gap (Todd D Gerarden, Richard G Newell, and Robert N Stavins)
  • Climate Negotiators Create an Opportunity for Scholars (Joseph E Aldy and Robert N Stavins)
• Policy Instruments:
  • The Promise and Problems of Pricing Carbon: Theory and Experience (Joseph E Aldy and Robert N Stavins)
  • The SO₂ Allowance-Trading System and the Clean Air Act Amendments of 1990: Reflections on 20 Years of Policy Innovation (Gabriel Chan, Robert N. Stavins, Robert Stowe, and Richard Sweeney)
  • The SO₂ Allowance Trading System: The Ironic History of a Grand Policy Experiment (Richard Schmalensee and Robert N Stavins)
  • Lessons Learned from Three Decades of Experience with Cap and Trade (Richard Schmalensee and Robert N Stavins)
• Domestic Policy:
  • Policy Evolution under the Clean Air Act (Richard Schmalensee and Robert N Stavins)
  • The Future of US Carbon-Pricing Policy (Robert N Stavins)
  • The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading (Robert N Stavins)
  • Keep Climate Policy Focused on the Social Cost of Carbon: A Proposed Shift away from the SCC is Ill Advised (Joseph E Aldy, Matthew J Kotchen, Robert N Stavins, and James H Stock)
  • An Economic Perspective on the EPA's Clean Power Plan — Cross-State Coordination Key to Cost-Effective CO₂ Reductions (Meredith Fowlie, Lawrence Goulder, Matthew J Kotchen, Severin Borenstein, James Bushnell, Lucas Davis, Michael Greenstone, Charles Kolstad, Christopher Knittel, Robert N Stavins, Michael Wara, Frank Wolak, and Catherine Wolfram)
• International Policy:
  • The IPCC at a Crossroads: Opportunities for Reform — Increase Focus on Policy-Relevant Research (Carlo Carraro, Ottmar Edenhofer, Christian Flachsland, Charles Kolstad, Robert N Stavins, and Robert Stowe)
  • Reforming the IPCC's Assessment of Climate Change Economics (Gabriel Chan, Carlo Carraro, Ottmar Edenhofer, Charles Kolstad, and Robert N Stavins)
  • International Climate Change Policy (Gabriel Chan, Robert N Stavins, and Zou Ji)
  • Three Key Elements of Post-2012 International Climate Policy Architecture (Sheila M Olmstead and Robert N Stavins)
  • An Unambiguous Consequence of the Durban Climate Talks (Robert N Stavins)
  • Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems (Matthew Ranson and Robert N Stavins)
• The Paris Agreement:
  • Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience (Matthew Ranson and Robert N Stavins)
  • Facilitating Linkage of Climate Policies through the Paris Outcome (Daniel M Bodansky, Seth A Hoedl, Gilbert E Metcalf, and Robert N Stavins)
  • Linking Climate Policies to Advance Global Mitigation: Joining Jurisdictions Can Increase Efficiency of Mitigation (Michael A Mehling, Gilbert E Metcalf, and Robert N Stavins)
  • Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement) (Michael A Mehling, Gilbert E Metcalf, and Robert N Stavins)
  • Double Counting and the Paris Agreement Rulebook: Poor Emissions Accounting Could Undermine Carbon Markets (Lambert Schneider, Maosheng Duan, Robert N Stavins, Kelley Kizzier, Derik Broekhoff, Frank Jotzo, Harald Winkler, Michael Lazarus, Andrew Howard, and Christina Hood)
• Wine Production and Consumption:
  • The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices (Robin Cross, Andrew J Plantinga, and Robert N Stavins)
  • Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California (Robin Cross, Andrew J Plantinga, and Robert N Stavins)
  • Film Review: Jason Wise, Somm (Robert N Stavins)
  • Film Review: David Roach and Warwick Ross, Red Obsession (Robert N Stavins)
  • Film Review: David Kennard, A Year in Burgundy (Robert N Stavins)
  • Film Review: Rudi Goldman: Burgundy: People with a Passion for Wine (Robert N Stavins)
  • Book Review: Gert Crum and Jan Bartelsman: Le Domaine de la Romanée-Conti (Robert N Stavins)
  • Film Review: Jason Wise, Somm 3 (Robert N Stavins)
  • Book Review: James M Gabler: Passions: The Wines and Travels of Thomas Jefferson (Robert N Stavins)

Readership: Undergraduate and graduate students in the field of environmental and climate change economics. Academic economists. Practitioners of environmental economics.