cap and trade

Policy Brief: China's Emissions Trading Scheme and Targets

December 7, 2015 by Sieren Ernst

On his trip to the U.S. in September, President Xi Jingping announced that China would implement a national emissions trading system by 2017. The announcement was made with Barack Obama, reaffirming their interest in curtailing climate change in the lead-up to the Paris Climate Conference.[read more]

China Commits to Significant New Climate Actions in U.S.-China Joint Presidential Statement on Climate Change

September 28, 2015 by Barbara Finamore

Presidents Xi Jinping and Barack Obama announced new and strengthened actions by both countries domestically and working together as part of a joint presidential statement on climate change. These commitments build on their historic November 2014 joint announcement.[read more]

Four Questions For Global Carbon Markets In 2015

January 6, 2015 by Silvio Marcacci

Carbon Markets in the Coming Year

The world’s carbon markets are one of the climate change fight’s biggest stories, and they’ve never been stronger. Cap-and-trade systems combined with carbon taxes to cut emissions and invest billions in clean energy technologies, while expanding to over 40 national and regional jurisdictions in 2014.[read more]


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

July 24, 2014 by Jesse Jenkins

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]

EPA's CO2 Rule and the Back Door to Cap & Trade

July 1, 2014 by Geoffrey Styles

Although emissions trading has become more and more controversial in recent years, it proved its worth in holding down the cost of implementing previous environmental regulations, such as the effort to reduce sulfur pollution associated with acid rain.[read more]

Types of Carbon Pricing, Part 2 of 3

May 7, 2014 by Adam Whitmore

Carbon taxes define a set price for all emissions from a jurisdiction and a particular time. For jurisdictions accounting for a small proportion of emissions and looking at limited time horizons variations in emissions will have little effect on the stock of GHGs in the atmosphere.[read more]

Cap-and-Trade Throws a Wrench Into the Gears of Green Consumerism

January 8, 2014 by Meredith Fowlie

Cap-and-Trade and Green Consumerism

Understanding the link between your appliance use and your energy bills is important. I hope Santa brought everyone a kill-a-watt to use for this purpose. But for many households, cost savings alone provide insufficient motivation to reduce energy consumption.[read more]

California Marks First Anniversary of Cap-and-Trade

November 14, 2013 by Lucas Bifera

In the year since California launched the nation’s largest greenhouse gas cap-and-trade program, the state has proven that climate change action can be led by states and can even spread across national borders.[read more]

California's Cap-and-Trade Market Still Needs a Price Ceiling

October 1, 2013 by Severin Borenstein

The California Air Resources Board has issued proposed changes to their policy on price containment, which the Board will consider at their October meeting. While they are a step in the right direction, they don’t go far enough to address the fundamental risk to the market.[read more]

Remembering the Contributions of Ronald Coase

September 16, 2013 by Robert Stavins

On September 2nd, Ronald Coase, professor emeritus of economics at the University of Chicago Law School, Nobel laureate, and principal creator of the academic field of law and economics, passed away at the age of 102.[read more]

On Carbon Taxes and Competition

August 20, 2013 by Bill Chameides

The US and China are talking different languages on reducing carbon emissions. In the U.S., the Obama administration is the name of the game on federal action. As for legislation, I would say there’s a snowball’s chance Congress will pass any climate bill. Anybody care to debate?[read more]

Economics and Politics in California: Cap-and-Trade and Trade Exposure

August 19, 2013 by Robert Stavins

No matter how often I meet with policy makers on alternative policy instruments for climate change and other environmental problems, I never cease to be struck by the confusion that abounds regarding the consequences of the initial allowances in a cap-and-trade system.[read more]

South Korea May Launch World’s Most Ambitious Cap And Trade Market

May 19, 2013 by Silvio Marcacci

South Korean carbon emissions

With roughly 18 months until launch, South Korea appears ready to create the world’s most ambitious cap and trade market, with the highest global price on carbon.[read more]


Audio & Slides: "How to Save a Planet On a Budget" Part 1 - Carbon Markets

December 20, 2011 by Amelia Timbers

Welcome to the audio archive & slides for the first chunk of our green finance summit "How To Save The Planet on A Budget". This first session focuses on carbon: 1. Carbon: Pricing It, Taxing It + Trading It, Moderated by Gernot Wagner Featuring: Janet Peace, Lee Thiessen, Lucas Merrill Brown[read more]

Latest Regional Greenhouse Gas Initiative Auction Nets $25.5 Million

June 14, 2011 by Nathanael Baker

The Regional Greenhouse Gas Initiative, the United States' first market-based regulatory mechanism to reduce carbon emissions, has completed its 12th quarterly carbon credit auction. The auction [pdf] saw 12,537,000, or 30%, of the 42,034,184 available carbon allowances sold.  25 entities submitted successful bids to acquire...[read more]