Tagged with Cap and Trade

A Preliminary Environmental Equity Assessment Of California’s Cap-and-Trade Program

USC  Program for Environmental and Regional Equity (PERE) | UC Berkeley | San Francisco State Univ. | Occidental College / by By Lara J. Cushing, et al. http://dornsife.usc.edu/PERE/enviro-equity-CA-cap-trade …Key findings from our analysis indicate that: Regulated GHG-emitting facilities—including those that emit the highest levels of both GHGs and PM10—tend to be located in neighborhoods with … Continue reading

Putting a Price on Carbon: Ensuring Equity

World Resources Institute / by Noah Kaufman and Eleanor Krause http://www.wri.org/sites/default/files/Putting_a_Price_on_Carbon_Ensuring_Equity.pdf [Politico’s Morning Energy email] Imposing a carbon tax or cap-and-trade program will create hardships for low-income households who will face more expensive products and coal miners who may lose their jobs, unless policymakers use the carbon windfall to ease their pain, the World Resources Institute … Continue reading

Application of the EU Emissions Trading Directive — Analysis of National Responses Under Article 21 of the EU ETS Directive in 2015

European Environment Agency http://www.eea.europa.eu/publications/ets-directive-2015 Directive 2003/87/EC (EU, 2003) of the European Parliament and of the Council of the European Union (EU) established the EU Emissions Trading System (EU ETS), which is a key EU policy instrument aimed at reducing greenhouse gas emissions. Article 21 of the EU ETS Directive stipulates that, each year, Member States … Continue reading

Protecting the Most Vulnerable: A Financial Analysis of Cap-and-Trade’s Impact on Households in Disadvantaged Communities Across California

UCLA Luskin Center / by Julien Gattaciecca, et al. http://bit.ly/1V4SdyZ [NRDC Experts Blog by Alex Jackson]… “Protecting the Most Vulnerable: A Financial Analysis of Cap-and-Trade’s Impact on Households in Disadvantaged Communities Across California,” released today by the UCLA Luskin Center, [analyzes] the impact of California’s greenhouse gas cap-and-trade program on low-income households’ energy bills. The cap-and-trade … Continue reading

Assessment of Net Mitigation in the Context of International Greenhouse Gas Emissions Control Mechanisms

World Bank / by Jon Strand http://bit.ly/1pIsSxH This paper discusses the scope for market mechanisms, already established for greenhouse gas mitigation in Annex 1 countries that ratified the Kyoto Protocol, for implementing “net mitigation,” defined here as mitigation beyond Annex 1 countries’ formal mitigation requirements under the Kyoto Protocol. Such market mechanisms could be useful … Continue reading

After Paris: Fiscal, Macroeconomic and Financial Implications of Global Climate Change

International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=43484.0 This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt. … Continue reading

Pricing Carbon

Brookings Institution / by Warwick J. McKibbin, Adele C. Morris and Peter J. Wilcoxen http://brook.gs/1N8basu [Blog Post] In a new brief, Warwick McKibbin, Adele Morris, and Peter Wilcoxen explain that pricing carbon would be “the most cost effective means to reduce emissions,” arguing that a carbon price—whether from a market, a tax, or a hybrid policy—creates … Continue reading

Trends and Projections in the EU ETS in 2015

European Environment Agency http://www.eea.europa.eu/publications/trends-and-projections-eu-ets-2015 This report provides an analysis of past, present and future emissions trends under the EU ETS, based on the latest data and information available from the European Commission and Member States. It also analyses the balance between supply and demand of allowances in the market. The report’s annexes provide extensive material … Continue reading