Tagged with Carbon Markets

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

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

Controlling Carbon Emissions from U.S. Power Plants: How a Tradable Performance Standard Compares to a Carbon Tax

Brookings Institution / by Warwick J. McKibbin, Adele Morris and Peter J. Wilcoxen http://brook.gs/1Uj8KfR Different pollution control policies, even if they achieve the same emissions goal, could have importantly different effects on the composition of the energy sector and economic outcomes. In this paper, we use the G-Cubed1 model of the global economy to compare two … Continue reading

Economic Impacts of the Regional Greenhouse Gas Initiative on Nine Northeast and Mid-Atlantic States

Review of the Use of RGGI Auction Proceeds from the First Three-Year Compliance Period Analysis Group / by Paul J. Hibbard , et al. http://bit.ly/1TB5FaH [Forbes] …a new study from Boston consultancy Analysis Group shows that controlling and lowering CO2 emissions translates into a major economic development and jobs program with continued system reliability. The … Continue reading