Center for Climate and Energy Solutions / by Manjyot Bhan Ahluwalia http://bit.ly/2wnkID3 Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate-related business risks, and identify opportunities in the transition to a low-carbon economy. Establishing a carbon price across a company can … Continue reading
Tagged with Carbon Markets …
Public Willingness to Pay for a US Carbon Tax and Preferences for Spending the Revenue
Environmental Research Letters (2017, v2 p094012) / by Matthew J Kotchen, et al. http://iopscience.iop.org/article/10.1088/1748-9326/aa822a [Abstract] We provide evidence from a nationally representative survey on Americans’ willingness to pay (WTP) for a carbon tax, and public preferences for how potential carbon-tax revenue should be spent. The average WTP for a tax on fossil fuels that increases household … Continue reading
The Effect of Metro Expansions on Air Pollution in Delhi
World Bank / by Deepti Goel and Sonam Gupta http://bit.ly/1HWNC7y The Delhi Metro (DM) is a mass rapid transit system serving the National Capital Region of India. It is also the world’s first rail project to earn carbon credits under the Clean Development Mechanism of the United Nations for reductions in CO2 emissions. Did the … Continue reading
Carbon Pricing Revenues
Climate Markets and Investment Association (CMIA) http://bit.ly/1LHcWT2 [Yahoo! News] Governments around the world will this year raise around $22 billion from schemes putting a price on carbon dioxide (CO2) emissions such as taxes or emissions trading systems, a report on Wednesday showed… The figure is up 46 percent from an estimated $15 billion raised in 2014, … Continue reading
Expecting the Unexpected: Macroeconomic Volatility and Climate Policy—Summary
Belfer Center, Kennedy School, Harvard Univ. / by Warwick McKibbin, Adele Morris and Peter Wilcoxen (dated “November 2008”) http://bit.ly/1OupSz4 KEY FINDINGS & RECOMMENDATIONS …All else equal, a climate regime that exacerbates downward macroeconomic shocks or depresses the benefits of positive macroeconomic shocks would be more costly and less stable than a system that better handles global … Continue reading
Implementing Effective Carbon Pricing
The Global Commission on the Economy and Climate / by James Rydge http://bit.ly/1PkvX0c [Business Green] Carbon pricing does help to alleviate greenhouse gas emissions – and need not harm economic growth, according to a new report by the New Climate Economy (NCE) today. The paper looks at examples of carbon pricing being implemented across the world, … Continue reading
Carbon Pricing, Fusion Style – Policy Issues to Consider When Carbon Taxes Meet Cap-and-Trade
Business Council of British Columbia http://bit.ly/1QhpyBe …While there appears to be a growing consensus on the need to price carbon, there is no consensus on the most effective means of doing so – either via taxes or trading schemes – and the debate continues. British Columbia, of course, was an early adopter of a carbon … Continue reading
Internationally-Tradable Permits Can Be Riskier for a Country than an Internally-Imposed Carbon Price
Belfer Center, Kennedy School, Harvard Univ. / by Martin L. Weitzman http://bit.ly/1LI5TJs This paper compares internationally-tradeable permits with a uniform carbon price, as seen through the lens of an individual country. To ensure a level playing field, these two approaches are initially calibrated to be welfare-equivalent for the country in a deterministic setting. While both … Continue reading
Assessing the Social Costs and Benefits of Regulating Carbon Emissions
Reason Foundation / by Julian Morris http://reason.org/news/show/social-cost-of-carbon-study [Institute for Energy Research] Julian Morris has produced a detailed study for Reason that explores the costs and benefits of carbon dioxide emissions. Morris concludes with the provocative claim that the weight of evidence suggests federal agencies should ignore carbon dioxide emissions when evaluating regulations, because on balance the “positive externalities” … Continue reading
Alberta’s New Climate Change Discussion Paper
Climate Leadership Discussion Document Province of Alberta, Ministry of Environment and Parks http://www.alberta.ca/albertacode/images/Climate-Leadership-Discussion-Document.pdf [Calgary Herald] Here are five key points from the report: The NDP government wants to make an argument for action The first line of the report, from Environment Minister Shannon Phillips’ introduction, declares: “Climate change is one of the greatest challenges to … Continue reading
