Dr. Robert Stavins provides a brief summary of his new paper “The Future of U.S. Carbon-Pricing Policy”. The full paper can be downloaded here. In his paper and in this blog, Dr. Stavins explores two questions: (1) how do the two major approaches to carbon pricing (carbon taxes and cap and trade) compare on relevant dimensions, including but not limited to efficiency, cost-effectiveness, and distributional equity? (2) Which approach is more likely to be adopted in the future in the United States?
This week, representatives from government, business and civil society are gathering at the Carbon Pricing Leadership Coalition’s High-Level Assembly to discuss how carbon pricing can be used to shift investments towards low-carbon and climate-resilient projects, and how carbon pricing can address broader social concerns.
As carbon pricing gains increasing attention around the world, it’s essential that policies are informed by independent and sound analysis. The Carbon Tax Research Initiative at Columbia University's Center on Global Energy Policy is pleased to join the Carbon Pricing Leadership Coalition to offer its analytical expertise and learn from CPLC members about the opportunities and challenges of carbon pricing. CGEP’s initiative helps policymakers, businesses, and other leaders understand carbon pricing and the impacts on the economy, emissions and energy markets.
In the latest IETA insights Article, Mandy Rambharos takes a look at the impact Article 6 could have on African nations and their development goals—driven by a need to ensure access to energy.
Over the past few years, there has been a groundswell of support for carbon pricing - not only by governments, but increasingly by the private sector. As of 2017, almost 1400 companies worldwide are embedding an internal carbon price into their business strategies, up from 140 in 2014.
Building on this theme, Carbon Pricing Leadership Coalition (CPLC) and its partners, World Resources Institute (WRI), CDP, and International Finance Corporation (IFC) joined forces with The Energy and Resources Institute (TERI) to convene a private sector roundtable in the margins of the first International Research Conference on Carbon Pricing on February 14-15, 2019 in New Delhi, India.
Learn more about the key takeaways from the discussion.
The Energy Innovation and Carbon Dividend Act puts a price on carbon-emitting fuels, at the source, and delivers all revenues to households as monthly dividends. With a steadily rising fee and steadily rising dividends, the plan sends a clear, predictable price signal to producers and is projected to reduce greenhouse gas emissions 90 percent by 2050.
Opponents of carbon pollution pricing have had a busy year, incessantly warning of the severe economic damage such policies will purportedly cause.
Thankfully, proponents of clean growth have had a busy year too. Alberta wrapped up its consultation process on output-based allocations for large industrial emitters, Manitoba and Nova Scotia announced new carbon pricing systems, and the federal government took steps to implement a pan-Canadian backstop for carbon pricing.
The George Washington University, as a member of the CPLC, offers a unique graduate-level program in GHG Management. And it’s available online so you can earn your Certificate in GHG Management regardless of your location. In four online semester-length courses world experts offer comprehensive hands-on training that prepares you to begin your GHG management career immediately. And you can complete the program in less than one year.
Climate discussions like those we’ve just been seeing at the UN summit in Katowice, Poland tend to focus on working together to deliver existing climate commitments and raising ambition—getting countries to reduce more GHG emissions, faster. But there’s an equally important issue that gets far less attention: ensuring climate action is delivered in a way that doesn’t leave anyone behind, particularly the world’s most vulnerable people.
See Helen Mountford and Molly McGregors’ latest blog post on how carbon pricing can benefit the poor and reduce emissions.
The Arab Gulf States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE –are highly vulnerable to oil price shocks due to their high economic reliance on oil and gas export revenues. Historically, oil price shocks have been a source of pressure on the Arab Gulf States economies. However, only since mid-2014 have oil prices seemed to pressure on political regimes to consider domestic economic reforms and development of alternative sources of income (i.e. economic diversification).
To avoid long-term negative implications – such as increasing total CO2 emissions and deterioration of air quality associated with increasing downstream petrochemical energy intensive industries, fossil fuel subsidy reforms, enhancing energy efficiency and the use of clean energy technologies are indeed instrumental to tackle such issues. In this article, carbon pricing is proposed as a useful instrument to complement the aforementioned tools.
Earlier this Fall, the Intergovernmental Panel on Climate Change (IPCC) put the world on notice (again): Unless we make significant changes in how we get our energy and use our land, we will be committing to a future with tremendous human suffering from extreme weather, drought, and ecological damage. While the report is driving important conversations about solutions to this challenge, the average reader might feel discouraged about the changes required. Luckily, the truth is more hopeful than some recent press lets on.
See the latest from Assistant Professor of Environmental Science and Policy at Smith College, Alex Barron.
Welcome to Sweden. We can serve you a beer or a glass of milk with a very low carbon footprint, thanks to our carbon tax. This tax dates back to 1991. It was one of the earliest carbon taxes, and it is today the highest imposed by any government.
New CPLC Partner Svebio takes a deeper look at the Swedish carbon tax’s positive impact on the food industry.
Putting a price on carbon pollution is recognized as an effective, transparent and efficient policy approach to reducing GHG emissions. Indeed, pricing carbon emissions is much more beneficial than paying its developmental, economic, and health costs! The good news is: more and more countries are taking advantage of this economic instrument and the number of carbon pricing initiatives (such as Carbon Tax or Emission Trading Scheme - ETS) has tripled in the last decade
Read Chandni Dinakaran’s blog post on how the World Bank Group is mapping carbon pricing initiatives around the world.
The Intergovenmental Panel on Climate Change this month published its special report on what action is required to keep global temperature increases to less than 1.5 degrees Celsius above pre-industrial levels. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. Alexis Leroy, the CEO and Founder of Allcot Group, makes the case for bottom-up action.
Dominica, a small-island state in the Caribbean, is among the countries most exposed to natural hazards. In response, Prime Minister Roosevelt Skerrit has expressed “plans to make Dominica the first climate resilient nation in the world”. This includes through strengthening the resilience of Dominica’s physical infrastructure and natural environment, but also through building greater fiscal resilience, flexibility and ability to cope with climate events and shocks. Read more in David Cal MacWilliam’s post.
Nathaniel Keohane, Senior Vice President for Climate Change at the Environmental Defense Fund, emphasizes how, in his words, we can no longer discuss our economic future without considering the enormous costs of climate change. Building off the recent Nobel prize in economics awarded to his former teacher and colleague William Nordhaus, Keohane highlights the costs of climate change, but also the real opportunities a low-carbon economy presents. A case Nordhaus has made for the last quarter century.
The 12th edition of the Latin America and Caribbean Climate Week, which took place this year in Montevideo, Uruguay from August 20-23, concluded its program with showcasing groundbreaking action underway in the region to dramatically reduce greenhouse gas emissions and build climate resilience to improve sustainability and readiness to tackle the impacts of climate change.
The landmark Paris Agreement to accelerate the transition to a low-carbon economy marked a sea change in the global fight against climate change. A swelling tide of carbon-limiting regulations has since emerged, shifting the narrative from what once was a largely ethical debate about the sustainability of our planet for future generations, to a material set of risks and opportunities for the global economy and financial markets, today.
Earlier this month, a new kind of player emerged on carbon pricing: colleges and universities. They are not only implementing carbon prices; they are researching and sharing their work. Casey Pickett provides a recap from the launch of the Toolkit for Internal Carbon Pricing in Higher Education and calls for greater engagement from leaders in higher-education.