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Here We Go Again: A Closer Look at the Kerry-Lieberman Cap-and-Trade Proposal

May 18, 2010 by Robert Stavins
with 326 views
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As with the Waxman-Markey bill (H.R. 2454), passed by the House of Representatives last June, there is now some confusing commentary in the press and blogosphere about the allocation of allowances in the new Senate proposal — the American Power Act of 2010 — sponsored by Senator John Kerry, Democrat of Massachusetts, and Senator Joseph... [read more]

Guest post: Who gets the goodies?

May 13, 2010 by John Whitehead
with 194 views
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Ted Gayer looks at who gets the value of carbon allowances in the new Senate cap-and-trade bill.  He finds that, over the first decade, the bill auctions less than a quarter of the allowances, the remainder being given away to such things as electricity local distribution companies, trade-exposed industries,... [read more]

Following the money

February 9, 2010 by David Hone
with 134 views
0

Not surprisingly, money is at the heart of the political debate now underway on climate policy, or at least its distribution within the economy. Whilst cap-and-trade is being portrayed as a taxation policy by some, other policy proposals are being presented as being without cost to families and households – both of course aim to reduce... [read more]

Would you dump your current girlfriend, because she is not your "ideal hypothetical" girlfriend?*

December 7, 2009 by John Whitehead
with 132 views
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From Greg Mankiw's Blog:Club Member Ted Gayer makes five points:1. Either a carbon tax or a cap-and-trade program will result in substantially lower economic costs than command-and-control regulations that mandate technologies, fuels, or energy efficiency standards. 2. Given the uncertainty of the future costs of climate policy, a... [read more]

Kerry-Boxer "Clean Energy Jobs" Bill's Clean Energy Investments a Fraction of Expert Recommendations

October 27, 2009 by Jesse Jenkins
with 178 views
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By Jesse Jenkins and Yael Borofsky, originally at the Breakthrough InstituteThe latest draft of the Kerry-Boxer "Clean Energy Jobs and American Power Act" would invest less than $10 billion of the bill's nearly $80 billion in annual cap and trade allowance revenue in clean energy technology, assuming EPA-projected allowance prices (note... [read more]

Kerry-Boxer Climate Bill Allowance Allocation Breakdown

October 26, 2009 by Jesse Jenkins
with 256 views
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Originally at the Breakthrough InstituteLate Friday night, Senator Barbara Boxer's Environment and Public Works Committee released a new draft of the Kerry-Boxer "Clean Energy Jobs and American Power Act" (S.1733), the first version of the legislation to detail how emissions allowances created by the bill will be divvied up. These... [read more]

Confusion in the Senate Regarding Allowance Allocation

October 22, 2009 by Robert Stavins
with 148 views
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According to an October 22nd  story in Environment & Energy Daily (“Climate:  GOP Fence Sitters Voice Concerns Over Allocations” by Darren Samuelson), several key swing-vote Senate Republicans — including Senator Lisa Murkowski, ranking member of the Energy and Natural Resources Committee — are voicing skepticism about the... [read more]

Cap & Trade, Gas Prices and Uncertainty

September 8, 2009 by Geoffrey Styles
with 75 views
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Over the weekend a New York Times editorial critical of the energy industry for trying to stir up opposition to the Waxman-Markey climate bill prompted some further thought on the potential impact of the legislation on gasoline prices. The Times appears to accept the government's analysis suggesting that the increase would amount to no... [read more]

The oppostion's rival carbon plan: greener, cheaper, smarter?

August 10, 2009 by DavidJeffrey
with 88 views
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Malcolm Turnbull yesterday released an alternative carbon plan: "greener, cheaper, smarter". Sounds great. And finally some opposition policy on climate change. Well, not quite. The plan is a report by economic consultants 'Frontier Economics' commissioned by the opposition and independent Senator Nic Xenophon. And it seems that it's... [read more]

A Mere Annoyance - "A Missed Opportunity on Climate Change" in NYTimes

August 9, 2009 by RyanAvent
with 82 views
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I have to give Greg Mankiw credit. Since the last time he discussed the climate legislation making its way through the Congress (an effort with which I was none too pleased) he seems to have taken some of my criticisms to heart. In his column in today’s Times, he acknowledges that blame for many or most of the bill’s imperfections can... [read more]

How the Senate can fix cost containment in the climate bill with ‘price collar plus’

August 5, 2009 by Joseph Romm
with 131 views
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The climate and clean energy bill that narrowly passed the House has three problems related to cost containment (CC) that the Senate should — and I expect will — address: Fence-sitting Senators (and industries) worry that its CC provisions aren’t hard-nosed and specific enough to protect the public and businesses from carbon prices... [read more]

How Cap'n Trade is supposed to work

July 7, 2009 by Tim Haab
with 65 views
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Sulfur dioxide emissions are regulated by a cap and trade system in the U.S.  If cap and trade is working properly, allowance prices and emissions should smoothly adjust to demand side effects (recession?) and supply side (new regulations?).  Like this (from Reuters): U.S. power plant emissions of sulfur... [read more]

Everything you wanted to know about Waxman-Markey allocations PLUS why the allocations do not undermine energy efficiency efforts

June 8, 2009 by Joseph Romm
with 137 views
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UPDATE:  At the end, I’m going to respond to what has now become a widespread myth that because Waxman-Markey supposedly mutes the electric price signal to consumers, it hurts the cause of energy efficiency. The Subcommittee on Energy and Environment will hold a hearing titled, “Allowance Allocation Policies in Climate Legislation... [read more]