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Coercion and Enterprise in the Provision of Environmental Public Goods: The Case of Carbon Sequestration in the United States

WithKenneth Richards

Current discussions of greenhouse gas abatement strategies have focussed on the use of carbon taxes and marketable allowance schemes. Implementation of a large-scale carbon sequestration program in the United States will require broadening the scope of the instruments under consideration to include contracts, subsidies, command and control regulation and direct government production. This paper develops a taxonomy for these instruments, examines the factors that affect their relative attractiveness, and applies that analysis to carbon sequestration in the United States.