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Cap-and-Trade

5 Toughest Questions for Maroš Šefčovič - European Commissioner for Energy Union [VIDEO]

October 27, 2014 by Kasper Peters
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Energy Union Hearings

Maroš Šefčovič had to answer a number of very difficult questions during his recent hearing by the European Parliament’s Committees on Industry, Research & Energy (ITRE) and Environment, Public Health & Food Safety (ENVI) on October 20th.[read more]

EU Energy Briefing: All You Need to Know for October 2014 [VIDEO]

October 20, 2014 by Kasper Peters

EU Energy Report

In this Brussels Briefing on Energy, leading energy journalist Hughes Belin for viEUws - the EU Policy Broadcaster, provides an overview of the European Union’s most pressing energy issues including the Juncker Commission, and the recent green light for the Hinkley Point C nuclear project.[read more]

The Multibillion Dollar Question: How to Spend Carbon Revenues?

October 14, 2014 by Meredith Fowlie
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Carbon Revenue Spending

Debates over carbon pricing policies tend to focus on the costs imposed on firms and households. When a carbon tax or cap and trade program is introduced, firms see energy-related operating costs rise, drivers pay more at the pump, households see the prices of energy, and energy-intensive goods, tick up.[read more]

Charting China's Carbon Horizon

October 13, 2014 by Lucas Bifera

Carbon, China, and the Future

Discussions around China’s carbon emissions reached a fever pitch throughout September’s UN Climate Summit, punctuated by a new report from the Global Carbon Project estimating the country’s total emissions at 9.9 billion metric tons of CO2 (MTCO2) in 2013, or 28% of the global total.[read more]

5 Toughest Questions for Miguel Arias Cañete on Energy and Climate Action - Hearings of New European Commission

October 6, 2014 by Kasper Peters

Questions and the New European Commission

Miguel Arias Cañete - European Commissioner-designate for Climate Action and Energy - had to answer a number of difficult questions during his hearing by the European Parliament’s Committees on Industry, Research & Energy (ITRE) and Environment, Public Health & Food Safety (ENVI) on 1 October.[read more]

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Can Mitigating Global Climate Change be a Free Lunch?

September 29, 2014 by Matthew Stepp
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Krugman and Climate Change Mitigation Costs

Paul Krugman launched the latest salvo in the battle over the economics of climate change when he recently announced: “Saving the planet would be cheap; it might even be free.” But he ignores critical nuances on policy and technology that lead him to the wrong conclusion that climate mitigation is a free lunch.[read more]

China Plans a Nationwide Carbon Market

September 22, 2014 by Henry Auer

China and the Carbon Market

China recently confirmed its eventual plan to place the entire nation under a carbon market (i.e., a cap-and-trade regime) in order to lower its annual rate of emitting carbon dioxide (CO2), the highly important and damaging greenhouse gas, beginning in 2016.[read more]

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When Politics Constraints Carbon Pricing, Part 3: Why Carbon Revenues are Just as Important as "Putting a Price on Carbon"

July 28, 2014 by Jesse Jenkins
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Carbon Revenues and Carbon Pricing

How carbon revenues are used can impact both the political support for the carbon price itself and dramatically increase the amount of emissions abatement achievable at a given carbon price. It can also improve the overall economic performance of a politically constrained carbon pricing instrument.[read more]

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When Politics Constraints Carbon Pricing, Part 2: 6 Tips for Improving Climate Change Policy

July 24, 2014 by Jesse Jenkins
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Carbon Pricing and Politics

The repeal of Australia’s carbon tax last week put the political obstacles to establishing a price on carbon in stark relief. Yet the news from Canberra is just the most dramatic manifestation of a set of powerful political economy forces that can fundamentally constrain efforts to put a price on carbon.[read more]

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Power Over Pollution: How Legal Enforceability Will Drive Implementation of EPA's Power Plant Rule

July 23, 2014 by Ari Peskoe

Under EPA's Clean Power Plan proposal, states will submit plans to the EPA describing how they will meet 2030 carbon intensity targets. A state can include any strategy that will produce a quantifiable and verifiable reduction in carbon intensity, so long as it has legal authority to enforce its implementation.[read more]

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Why Does Politics Keep Getting in the Way of Pricing Carbon? - Part 1

July 21, 2014 by Jesse Jenkins
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Carbon Pricing and Politics

If you ask an economist the best way to combat climate change, you are very likely to get a pretty simple answer: put a price on carbon. Tax fossil fuels in proportion to the amount of carbon they release. Make coal, oil and natural gas more expensive.[read more]

Cap-and-Trade's Moment of Truth

July 16, 2014 by James Bushnell
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Cap, Trade, Truth

With the looming expansion of its cap-and-trade program to transportation fuels like gasoline, California is fast approaching a significant moment of truth for its climate policy. This has some people nervous, and there are growing rumblings of proposals to delay the expansion of the cap to transportation fuels.[read more]

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Beyond Paris, Part 4: Putting an Asterisk on Climate Change Mitigation Cost Projections

June 17, 2014 by Matthew Stepp

Warming Mitigation Costs and Measurement

 

The IPCC argues that keeping global temperatures within 2°C will incur an annual cost of 0.04 to 0.14 percent of global GDP ($29 billion to $101 billion per year) between now and 2100. Climate say this is proof that we can address climate change on the “cheap” when compared to the costs of inaction.[read more]

EPA's Proposed Greenhouse Gas Regulation: Why are Conservatives Attacking its Market-Based Options?

June 9, 2014 by Robert Stavins
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Professor Richard Schmalensee and I told the sordid tale of how conservatives in Congress who once supported cap and trade had come to lambast climate change legislation as “cap-and-tax.” Ironically, in doing this, conservatives have chosen to demonize their own market-based creation.[read more]

Chinese Adviser's Carbon Cap Remarks: Promising But Overblown?

June 5, 2014 by Christina Nunez
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A top Chinese climate adviser signaled on Tuesday that the country planned to set a new cap on carbon emissions by the end of the decade, which would be the first such effort from the country that is currently the world’s largest emitter of greenhouse gases.[read more]