Exploring Cap-and-Trade

Exploring Cap-and-Trade PDF Author:
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 23

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Book Description
Climate change is an urgent issue unlike anything humanity has ever faced. This thesis explores a market-based tool to reduce greenhouse gas emissions and limit global warming. Specifically, it uses the California cap-and-trade program as a case study. It provides background information on this program, which was established from the California Global Warming Solutions Act of 2006 (AB 32) and in 2017 was extended to 2030. Evaluating market-based tools is becoming increasingly important as countries and states look for ways to reduce climate pollution and create investments in a clean energy future. Through analysis of government reports and a literature review, this paper finds that the program is not performing at its optimum. It recommends reducing the number of allocated permits to increase the demand and the price. Additionally, it recommends implementation of processes that evaluate and reconsider how different programs created under AB 32 can complement carbon pricing--not undermine its ability to reduce emissions. Although the California cap-and-trade program is not performing at its optimum, the program represents California's commitment to addressing climate change and acts as an international inspiration for climate action. There are multiple states that are currently considering implementing carbon pricing tools. This paper concludes by providing an overview of the pending carbon legislation in Oregon.

Exploring Cap-and-Trade

Exploring Cap-and-Trade PDF Author:
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 23

Get Book Here

Book Description
Climate change is an urgent issue unlike anything humanity has ever faced. This thesis explores a market-based tool to reduce greenhouse gas emissions and limit global warming. Specifically, it uses the California cap-and-trade program as a case study. It provides background information on this program, which was established from the California Global Warming Solutions Act of 2006 (AB 32) and in 2017 was extended to 2030. Evaluating market-based tools is becoming increasingly important as countries and states look for ways to reduce climate pollution and create investments in a clean energy future. Through analysis of government reports and a literature review, this paper finds that the program is not performing at its optimum. It recommends reducing the number of allocated permits to increase the demand and the price. Additionally, it recommends implementation of processes that evaluate and reconsider how different programs created under AB 32 can complement carbon pricing--not undermine its ability to reduce emissions. Although the California cap-and-trade program is not performing at its optimum, the program represents California's commitment to addressing climate change and acts as an international inspiration for climate action. There are multiple states that are currently considering implementing carbon pricing tools. This paper concludes by providing an overview of the pending carbon legislation in Oregon.

Confronting the Climate Challenge

Confronting the Climate Challenge PDF Author: Lawrence Goulder
Publisher: Columbia University Press
ISBN: 0231545932
Category : Political Science
Languages : en
Pages : 354

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Book Description
Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries. Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.

Exploring the Solar System

Exploring the Solar System PDF Author: R. Launius
Publisher: Springer
ISBN: 1137273178
Category : Science
Languages : en
Pages : 705

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Book Description
Beginning in the early days of the Space Age - well before the advent of manned spaceflight - the United States, followed soon by other nations, undertook an ambitious effort to study the planets of the solar system. The remarkable fruits of this research revolutionized the public's view of their celestial neighbors, capturing the imaginations of people from all backgrounds like nothing else save the Apollo lunar missions. From the first space probes to the most recent planetary rovers, they have continually delivered impressive discoveries and reshaped our understanding of the cosmos. Offering fascinating investigations into this crucial chapter in space history, this collection of specially commissioned essays from leading historians opens new vistas in our understanding of the development of planetary science.

The Case for a Carbon Tax

The Case for a Carbon Tax PDF Author: Shi-Ling Hsu
Publisher: Island Press
ISBN: 1610911784
Category : Political Science
Languages : en
Pages : 249

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Book Description
There's a simple, straightforward way to cut carbon emissions and prevent the most disastrous effects of climate change-and we're rejecting it because of irrational political fears. That's the central argument of The Case for a Carbon Tax, a clear-eyed, sophisticated analysis of climate change policy. Shi-Ling Hsu examines the four major approaches to curbing CO2: cap-and-trade; command and control regulation; government subsidies of alternative energy; and carbon taxes. Weighing the economic, social, administrative, and political merits of each, he demonstrates why a tax is currently the most effective policy. Hsu does not claim that a tax is the perfect or only solution-but that unlike the alternatives, it can be implemented immediately and paired effectively with other approaches. In fact, the only real barrier is psychological. While politicians can present subsidies and cap-and-trade as "win-win" solutions, the costs of a tax are immediately apparent. Hsu deftly explores the social and political factors that prevent us from embracing this commonsense approach. And he shows why we must get past our hang-ups if we are to avert a global crisis.

Climate Change and the Law

Climate Change and the Law PDF Author: Chris Wold
Publisher:
ISBN: 9780769863795
Category : Global warming
Languages : en
Pages : 1268

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Book Description
This book comprehensively assesses the law and science of climate change, as well as the policy choices for responding to this global problem. Given the all-encompassing reach of climate change, Climate Change and the Law allows students to study how the many different areas of law-public international law, public administrative law, federal environmental law, state and municipal regulations, and the common law-can be implicated in addressing a major social issue. This textbook thus provides students with an integrated experience to study law and an understanding of the many climate-related challenges facing the next generation of lawyers. The book begins by exploring the international climate change regime, including a detailed investigation of emissions trading and the controversial regime for reducing greenhouse gas emissions through land use and forest management practices. It also explores options for a future international agreement in light of calls to reduce emissions by as much as 80 percent. The book also addresses how other international agreements can help spur climate change mitigation or adaptation, exploring, for example, whether petitions to list World Heritage Sites as endangered due to climate change and petitions to declare climate change a violation of human rights will advance global efforts to reduce greenhouse emissions. The second edition of Climate Change and the Law has been updated to include the following: The updated scientific findings, including information from the Fifth Assessment Report of the Intergovernmental Panel on Climate Change. The decisions of the Parties to adopt a second commitment period to the Kyoto Protocol. A discussion of the new rules for accounting emissions from forests and land use change under the Kyoto Protocol. An update on the climate negotiations after the Copenhagen Accord, including negotiation of and implementation of the Cancun Agreements. The state of play with regard to negotiations to build a new climate regime to take effect in 2020. A focus on short-lived climate forcers such as methane and HFCs in a range of multilateral forums, including the International Civil Aviation Organization and the Arctic Council. An expanded treatment of adaptation, particularly at the federal level in the United States. A discussion of the U.S. EPA's efforts to value the social cost of carbon. An updated overview of the U.S. approach to climate change since the 1970s. An expansive discussion of the U.S. EPA's regulation of greenhouse gases under the Clean Air Act, including regulations and case law related to vehicle emissions and stationary source emissions. A discussion of revisions to the Corporate Average Fuel Economy (CAFE) standards and Renewable Fuels Standards. A reorganized discussion of energy policy, with a focus on renewable portfolio standards, net metering, feed-in tariffs, and the Public Utility Regulatory Policies Act (PURPA). New information about states' implementation of the Regional Greenhouse Gas Initiative and California's preliminary experience with its cap-and-trade program. This book also is available in a three-hole punched, alternative loose-leaf version printed on 8.5 x 11 inch paper with wider margins and with the same pagination as the hardbound book.

Exploring Tax Policy to Advance Population Health, Health Equity, and Economic Prosperity

Exploring Tax Policy to Advance Population Health, Health Equity, and Economic Prosperity PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 030948362X
Category : Medical
Languages : en
Pages : 99

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Book Description
The National Academies of Sciences, Engineering, and Medicine's Roundtable on Population Health Improvement has been focused on the subject of dependable resources for population health since its inception in 2013. On December 7, 2017, the roundtable convened a workshop to explore tax policy as it relates to advancing population health, health equity, and economic prosperity. This publication summarizes the presentations and discussions from the workshop.

Can We Price Carbon?

Can We Price Carbon? PDF Author: Barry G. Rabe
Publisher: MIT Press
ISBN: 026253536X
Category : Political Science
Languages : en
Pages : 377

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Book Description
A political science analysis of the feasibility and sustainability of carbon pricing, drawing from North American, European, and Asian case studies. Climate change, economists generally agree, is best addressed by putting a price on the carbon content of fossil fuels—by taxing carbon, by cap-and-trade systems, or other methods. But what about the politics of carbon pricing? Do political realities render carbon pricing impracticable? In this book, Barry Rabe offers the first major political science analysis of the feasibility and sustainability of carbon pricing, drawing upon a series of real-world attempts to price carbon over the last two decades in North America, Europe, and Asia. Rabe asks whether these policies have proven politically viable and, if adopted, whether they survive political shifts and managerial challenges over time. The entire policy life cycle is examined, from adoption through advanced implementation, on a range of pricing policies including not only carbon taxes and cap-and-trade but also such alternative methods as taxing fossil fuel extraction. These case studies, Rabe argues, show that despite the considerable political difficulties, carbon pricing can be both feasible and durable.

Exploring Sustainability Science

Exploring Sustainability Science PDF Author: Michael Burns
Publisher: AFRICAN SUN MeDIA
ISBN: 192010951X
Category : Business & Economics
Languages : en
Pages : 629

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Book Description
Southern Africa is well-blessed with a diverse and vibrant human population and a wealth of natural capital. The key challenge for sustainable development is to grow society?s capacity to use this natural capital to meet the needs of the region?s human population, especially the poor, in ways that sustain environmental life-support systems. Collaborating across disciplines, the authors explore the underpinning principles and the potential of sustainability science in a number of case studies.

Carbon Markets

Carbon Markets PDF Author: Arnaud Brohé
Publisher: Routledge
ISBN: 1136570233
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
Winner of the Choice Outstanding Academic Titles of 2010 award. This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes: - An overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields - A highly accessible introduction to the economic theory and different constitutive elements of a carbon allowances market - Explanation of the Kyoto Protocol and its flexibility mechanisms - Explanation of how the EU Emissions Trading Scheme works in practice - Ongoing developments in regulated carbon markets in the US - Up-to-the-minute coverage of regulated carbon markets in Australia - Developments in New Zealand and Japan - Carbon offsetting and voluntary carbon markets. Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market mechanisms to mitigate climate change. The carbon emissions resulting from the production of this book have been calculated, reduced and offset to render the bookcarbon neutral. Published with CO2 Neutral

Market-based Approaches to Environmental Regulation

Market-based Approaches to Environmental Regulation PDF Author: Ted Gayer
Publisher: Now Publishers Inc
ISBN: 1933019379
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
Market-based Approaches to Environmental Regulation reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. It begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems. Market-based Approaches to Environmental Regulation also discusses the U.S. experience with a number of regulatory approaches that are commonly characterized as market-based and describes the mix of market and non-market instruments that characterize these policies. Market-based Approaches to Environmental Regulation will be of interest to all researchers and practitioners in the field of environmental regulation.