{
  "id": "RS21067",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS21067",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 347625,
      "date": "2004-12-22",
      "retrieved": "2016-04-07T20:01:43.642034",
      "title": "Global Climate Change: Controlling CO2 Emissions\u2014Cost-Limiting Safety Valves",
      "summary": "Proposed CO2 reduction schemes present large uncertainties in terms of the perceived reduction needs and the potential costs of achieving those reductions. Several cost-limiting \u201csafety valves\u201d have been proposed to bound costs of any CO2 control program, including (1) a straight carbon tax, (2) a contingent reduction scheme, (3) unlimited permit purchases, and (4) cost-based excess emissions penalties. Employing a safety valve shifts much of the emission reduction debate from compliance targets to the specifications of the safety valve, in particular, the level of the tax or fee involved. This report will be updated if events warrant.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "encoding": "utf-8",
          "url": "http://www.crs.gov/Reports/RS21067",
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          "filename": "files/20041222_RS21067_e02707070725db08b07cc42b9fa7a8bc578a23fb.html",
          "images": null
        },
        {
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          "url": "http://www.crs.gov/Reports/pdf/RS21067",
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          "filename": "files/20041222_RS21067_23898e051b20d6e710832dbae6aa7b527a1d9de9.pdf",
          "images": null
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      ],
      "topics": []
    }
  ],
  "topics": [
    "Energy Policy"
  ]
}