Market Oversight for Cap-and-Trade : Efficiently Regulating the Carbon Derivatives Market

Brookings Institution / by Craig Pirrong
http://tinyurl.com/yk4b3ef
[From introduction] The original concept of cap-and-trade envisioned that the total amount of carbon dioxide (CO2) emissions would be capped and rights to emit would be traded. But it is inevitable that there will be demand to trade instruments other than emissions rights themselves. Specifically, there will be a demand [...]

Cost Containment for Cap-and-Trade : Designing Effective Compliance Flexibility Mechanisms

Brookings Institution / by Bryan K. Mignone
http://tinyurl.com/yfmn2s9
[From introduction]…Here we imagine that an appropriate US emissions reduction blueprint has already been selected from the space of available alternatives and focus…on the set of design considerations that could enhance the overall performance of the resulting regulatory program. We start from the premise that cap-and-trade will be the [...]

Equity and Efficiency in Cap-And-Trade : Effectively Managing the Emissions Allowance Supply

Brookings Institution / by Adele Morris
http://tinyurl.com/ykezgbk (summary) / http://tinyurl.com/ylmbb5t (pdf)
As the Senate Environment and Public Works Committee hosts a series of hearings this week on climate change legislation, Adele Morris discusses the likely distributional implications of a U.S. cap-and-trade system. She explains how policy-makers could manage these implications by altering the way in which allowances [...]

Sectoral Approaches in Electricity : Building Bridges to a Safe Climate

OECD
http://www.sourceoecd.org/9789264068728
(RFFers will need to access the SourceOECD username and password on the library’s welcome page top left frame under “databases by title”.)
[Abstract] Electricity accounts for more than 40 % of global energy-related CO2 emissions. This issue is most pressing for developing countries where growth in power demand is particularly high, fueling the risk of irreversible [...]

Energy Sprawl or Energy Efficiency: Climate Policy Impacts on Natural Habitat for the United States of America

PLoS One / by Robert I. McDonald, Joseph Fargione, Joe Kiesecker, William M. Miller, Jimmie Powell
http://www.plosone.org/article/info:doi/10.1371/journal.pone.0006802
[Abstract]  Concern over climate change has led the U.S. to consider a cap-and-trade system to regulate emissions. Here we illustrate the land-use impact to U.S. habitat types of new energy development resulting from different U.S. energy policies. [...]

Carbon Emissions : Measuring the Risks — An Analysis of Greenhouse Gas Emissions and Costs

NSF International
http://www.nsf.org/business/sustainability/SUS_NSF_Trucost_Report.pdf
[From E&E News article by Michael Burnham, subscription required]  Manufacturers of chemicals, beverages, automobiles and industrial goods would bear a large financial burden to comply with a proposed cap on U.S greenhouse gas emissions, relative to the companies’ peers in the less energy-intensive retail, health care and household goods sectors, according to a new report.
Indeed, [...]

Climate Change Policy : Preliminary Observations on Options for Distributing Emissions Allowances and Revenue under a Cap-and-Trade Program

Government Accountability Office
http://www.gao.gov/new.items/d09950t.pdf
[Summary] Congress is considering proposals to establish a price on greenhouse gas emissions through a cap-and-trade program that would limit overall emissions and require covered entities to hold tradable emissions permits, or allowances, for their emissions. The purpose of such a program is to raise the cost of activities that produce emissions and [...]

Consequences of Alternative U.S. Cap-and-Trade Policies : Controlling Both Emissions and Costs

The Australian National University Centre for Applied Macroeconomic Analysis (CAMA Working Paper 18/2009) / by Warwick J. McKibbin, Adele Morris, Peter J. Wilcoxen and and Yiyong Cai
http://cama.anu.edu.au/Working%20Papers/Papers/2009/McKibbin_Morris_Wilcoxen_Cai_182009.pdf
[Fr om executive summary] The report analyzes a range of possible cap-and-trade policies for the US. The seven policy scenarios we analyze meet similar long run environmental objectives, [...]

Cap-and-Trade : A Fly in the Ointment?

Belfer Center, Kennedy School, Harvard University / by Robert Stavins
http://belfercenter.ksg.harvard.edu/analysis/stavins/?p=245
[From posting] But the transition from command-and-control regulation to market-based policy instruments has not always been easy.  Sometimes policy can outrun basic understanding, and the claims made for the cost-effectiveness of cap-and-trade systems can exceed what can be reasonably anticipated.  Among the factors that can adversely [...]

Climate Policy and Industrial Competitiveness : Ten Insights from Europe on the EU Emissions Trading System

German Marshall Fund of the United States / by Michael Grubb, Thomas L. Brewer, Misato Sato,Robert Heilmayr and Dora Fazekas
http://www.gmfus.org//doc/GMF%20Grubb%2035.pdf

Develop an emissions trading system that learns from and improves upon the EU experience;
Build in a capacity to strengthen the system if and as experience supports this;
Consider carefully the lessons from the EU experience on price [...]