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.
August 6th, 2015
December 4th, 2012
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
November 15th, 2012
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
November 21st, 2011
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