Carbon Pricing in a Fiscal Context

Carbon Pricing in a Fiscal Context. Center for American Progress. Greg Dotson and Ben Bovarnick. June 29, 2016.

Opponents of carbon pricing argue that any requirement on businesses to pay for their pollution will destroy the economy. In order to begin to deconstruct this hyperbolic argument, this issue brief examines carbon pricing within the context of the nation’s budgetary situation. In fact, if the federal government were to collect a carbon tax of $25 per ton of carbon dioxide emitted, that revenue would amount to less than 3 percent of the current budget. [Note: contains copyrighted material].

[PDF format, 7 pages, 276.39 KB].

Suing and Spewing

Suing and Spewing. Center for American Progress. Erin Auel. June 24, 2016.

According to the report, the power producers affiliated with the lawsuits against the EPA’s Clean Power Plan are responsible for 1.2 billion tons of carbon pollution each year. [Note: contains copyrighted material].

[PDF format, 24 pages, 218.29 KB].

Comparing US and EU Approaches to Regulating Automotive Emissions and Fuel Economy

Comparing US and EU Approaches to Regulating Automotive Emissions and Fuel Economy. Resources for the Future. Thomas Flier and Joshua Linn. April 26, 2016.

Following Volkswagen’s admission of circumventing emissions requirements, discussions have taken place on both sides of the Atlantic regarding test improvements to address the gap between lab-based test values and real-world observations. [Note: contains copyrighted material].

[PDF format, 9 pages, 496.6 KB].

Transformational Climate Finance: An Exploration of Low-Carbon Energy

Transformational Climate Finance: An Exploration of Low-Carbon Energy. World Resources Institute. Michael Westphal and Joe Thwaites. March 2016.

The working paper examines how climate finance can be transformational by gleaning insights from nine low-carbon energy case studies, selected to cover a variety of geographies, energy sources, and degrees of transformation. [Note: contains copyrighted material].

[PDF format, 50 pages, 1.17 MB].

China’s Carbon Future: A Model-based Analysis

China’s Carbon Future: A Model-based Analysis. Brookings Institution. Warwick J. McKibbin et al. December 31, 2015.

In 2007, China took the lead as the world’s largest CO2 emitter. Air pollution in China is estimated to contribute to about 1.6 million deaths per year, roughly 17 percent of all deaths in China. Over the last decade, China has adopted measures to lower the energy and carbon intensity of its economy, partly in response to worsening local air pollution from energy generation. At the 21st Conference of the Parties (COP) to the United Nations Framework on Climate Change (UNFCCC), held in Paris in late 2015, China committed to furthering its efforts by affirming its previously announced goal to cause its emissions to peak around 2030 and to increase the share of non-fossil fuels in its primary energy consumption to around 20 percent by the same year. [Note: contains copyrighted material].

[PDF format, 42 pages, 626 KB].

Global Consensus on Climate Change Is a Good Start

Global Consensus on Climate Change Is a Good Start. YaleGlobal. Scott Barrett. December 15, 2015.

The world has reached consensus: Climate change is a serious threat, and each nation can play a role in reducing fossil fuel emissions. The Paris Agreement relies on a voluntary approach for developing policies for transitioning away from fossil fuels. “The biggest challenge with voluntary agreement to limit countries’ emissions is enforcement,” explains Barrett, referring to free riding and an unwillingness to sacrifice if other countries are not doing the same. “Unfortunately, the international system is particularly bad at enforcement.” The agreement is a start, and Barrett offers recommendations on the next steps.[Note: contains copyrighted material].

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COP21: China Prepares to Act on Climate Change

COP21: China Prepares to Act on Climate Change. YaleGlobal. Isabel Hilton. December 1, 2015.

At COP21, the world leaders confronted overwhelming scientific evidence that catastrophe is inevitable if countries continue to rely on fossil fuels. Global awareness runs high about the increasing economic and security threats of volatile weather patterns, including food and water shortages, infrastructure damage and rising insurance costs, as well as mass displacement of communities. China, poor and underdeveloped only a few decades, once opposed target-setting on emissions. The Chinese government now strives to lead on developing and financing renewable sources of energy and endorses a cap-and-trade program. [Note: contains copyrighted material].

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