How US Gridlock May Handicap Climate Leadership

Next week, world leaders will meet at the United Nations in New York City at the invitation of UN Secretary-General Ban Ki-moon. The purpose of the meeting is to discuss actions the leaders will take to limit their country’s emissions of greenhouse gases in an effort to forestall global climate change. For many, success of […]

Pursuing a Global Climate Treaty: Next Stop, New York

Climate change takes center stage in New York City two weeks from now when world leaders will attend the United Nations Climate Summit—a stepping stone along the path to a new global climate agreement to emerge in Paris in late 2015.  Don’t expect a “kumbaya” moment at the summit.  Rather, expect to see a very […]

The Importance of Reviewing Mitigation Contributions in International Climate Policy

As the international community continues climate negotiations on the road to the Paris 2015 UN-sponsored climate talks, attention has turned to the review of countries’ emissions mitigation contributions and commitments. This builds on the evolution toward a pledge and review regime established in the 2009 Copenhagen and 2010 Cancun negotiations. In my new RFF discussion […]

Emission Rate vs. Mass Goals in EPA’s Clean Power Plan

This is the second in a series of questions that highlights RFF’s Expert Forum on EPA’s Clean Power Plan. Readers are invited to submit their own comments to the questions and/or the responses using the “Leave a Comment” box below. See all of the questions to date here. RFF asks the experts: Who should translate […]

Terminating Links between Emissions Trading Programs

In the absence of a coordinated global emissions market, a number of self-contained regional carbon-trading programs have formed that independently establish, track, and cancel their own compliance permits. In order to increase the cost-effectiveness, liquidity, and stability of these markets, the entities that control them may choose to link programs together in a framework that […]

Tax Inversions and Carbon Taxes

Because the US has the highest corporate tax rate in the world, firms can save billions of dollars by attaining a new corporate address in a low-tax country without physically relocating any of their existing business. To do so, American firms simply need to acquire a foreign firm and reincorporate the newly formed company abroad. […]

Measuring the Early Effects of a Carbon Tax: Comparing Three Policies across Income Groups

Economists argue that the most efficient way to reduce greenhouse gas emissions is to raise the price of energy by introducing a price on carbon emissions, either through a tax or a cap-and-trade regime. A tax (or a cap-and-trade system that auctions off permits) has a secondary effect beyond providing incentives for reducing emissions: it […]

The Federal Multiagency Collaboration on Unconventional Oil and Gas Research Strategy: What Have We Learned?

The Department of Energy, the Department of the Interior, and the Environmental Protection Agency recently released the long-awaited research strategy on unconventional oil and gas research. Its mandate was to produce timely, policy-relevant research questions that support sound policy decisions and prudent oil and gas development. It also was to “analyze and synthesize the state of […]

EPA’s Clean Power Plan: Breaking Down the Building Blocks

In the graph below, we explore two important aspects of EPA’s Clean Power Plan. EPA’s state targets for CO2 emissions reductions for existing power plants are in terms of emissions rates—mass of CO2 emissions per unit of electricity generation (lb/MWh). An alternative way to measure emissions reductions (and what matters) is mass terms alone (lb […]

Quick Thoughts on UARG v. EPA

SCOTUS released its decision in UARG v. EPA today, with the majority opinion authored by Justice Scalia. The issue in the case was whether EPA appropriately subjected stationary sources to new source review obligations for their GHG emissions. Here are some quick thoughts. If you’re unfamiliar with the case or with EPA’s regulatory agenda for […]