Posts Tagged ‘cap-and-trade’

Four Challenges for China’s Cap and Trade Program

When Congress failed to pass national climate legislation in 2010, many said that marked the end of so-called “cap and trade” programs, —in which government sets an overall limit on pollution and issues pollution “allowances” that individual companies can use or trade with others. The naysayers couldn’t be more wrong, as demonstrated by the recent announcement that China will start a national cap and trade program in 2017 as a primary tool to lower its emissions of the heat trapping gases that cause global warming. Read More

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If China Can Do It, Why Not Us? Carbon Pricing and Cooperation on Climate Change

Last Thursday night news broke of the impending announcement of a national cap-and-trade program for carbon in China, as part of a U.S.-China joint climate announcement. This market-based approach, pioneered in the U.S. with the sulfur dioxide trading program, has clearly come to be seen as an essential policy tool to combat climate change, increasingly embraced by countries, policymakers, and global business leaders of all political persuasions. Read More

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Forests and Carbon Markets: Time for a New Argument

Soon after I moved from academia into the NGO world in 2007, to work on ending tropical deforestation, I was warned about the fierce argument about whether carbon markets should have any connection with forests and reducing deforestation. Colleagues told me: this is a divisive subject and has been a constant source of tension within the NGO community and beyond. It nearly sank the Kyoto Protocol and led to the breakdown of the UN climate negotiations in The Hague in 2000. Getting involved in it is a sure-fire way to lose friends and irritate people. Avoid it as much as you can.

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California’s First Carbon Auction Generates Nearly $300 Million in Revenues

California recently held its first auction for carbon allowances, the launch of the cap-and-trade program that is part of its Global Warming Solutions Act (AB32). My colleague, Jasmin Ansar, offered some early commentary on the auction and I recently circled back with her to get an update on how it went. Read More

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Pricing Carbon Pollution: A Historic Day in California

Yesterday California held its first auction of permits for carbon emissions under its landmark cap-and-trade program. My colleague and fellow economist, Jasmin Ansar, has been on the ground in California working on this issue for years. Today I asked her to provide some expert insight into the latest developments. Read More

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California Takes Another Stand for Climate Action

On October 20, 2011, the California Air Resources Board (CARB) formally adopted a program to limit the amount of greenhouse gas emissions that the electricity, industrial, and transportation sectors in California can release into the atmosphere.  The program, called cap-and-trade, is one of several policies the state has enacted to reduce its emissions to 1990 levels by 2020.  Read More

Categories: Energy, Global Warming  

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