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 […]

Energy Efficiency in 111(d): Evaluating Energy Savings for Carbon Reduction

EPA’s Clean Power Plan uses expanded energy efficiency programs as a component of states’ emissions rate targets. States that choose to use energy efficiency for compliance need to develop and provide EPA with a plan for evaluating energy savings that result from the policy. In the technical support document for state plans, EPA describes the […]

Energy Efficiency in 111(d): The Role of End-Use Efficiency in State Compliance Plans

In a prior blog post, I describe the contribution of energy efficiency to state emissions-reduction targets in EPA’s Clean Power Plan. As EPA has pointed out, including energy efficiency in states’ targets does not mean that states will necessarily choose to include energy efficiency programs in the compliance plans they submit to EPA. Many factors […]

Energy Efficiency in 111(d): Understanding Building Block #4

EPA’s recently released Clean Power Plan to regulate emissions of carbon dioxide (CO2) from existing power plants under the Clean Air Act includes four building blocks that are used to establish the target CO2 emissions rate for each state. Earlier blog posts by my RFF colleagues have described these different building blocks; my focus here […]

Twitter Q&A Roundup: EPA’s Clean Air Plan

On June 5, RFF hosted a seminar titled, “Making Sense of EPA’s Proposed Rule for Reducing Greenhouse Gas Emissions from Power Plants.” We did not have time to answer all of the questions posed by our Twitter audience during that event due to time constraints. Below are our responses to some of those questions. #askRFF […]