Posts Tagged ‘carbon price’

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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Carbon Pricing, Income Inequality, and Shakespeare: Highlights from the 2015 American Economic Association Meeting

While many of you were probably enjoying the last days of the holiday season, this past weekend I and thousands of my fellow economists made our way to Boston for the annual American Economic Association (AEA) meeting. Boring, you say? Not so quick! Among the many yawn-inducing sessions were some engaging, thought-provoking, even radical discussions. In no particular order, here are some themes that caught my attention. Read More

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Modest Carbon Price Will Significantly Lower Power Sector Emissions

Part three of a three-part blog series.

Last week some colleagues and I published an article in the Electricity Journal showing that almost 60 gigawatts (GW) of coal-fired generators could be candidates for closure based on their poor economic profile relative to competing cleaner options like natural gas and wind. We also found that a modest carbon price of $20/ton of CO2 would more than double that figure to nearly 138 GW, reducing CO2 emissions by up to 745.7 million tons. You can read more about our analysis here and in blog posts by my colleagues Jeff Deyette and Steve Clemmer. Read More

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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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