Science, Technology, and Public Policy

In the first of two articles on post-COP28 carbon financing, Research Fellow Ely Sandler shares insights on the legacy of COP28.

In the second of two articles on COP28 outcomes, Ely Sandler shares insights on the some of the changes needed to scale carbon finance.

By looking beyond solely Iran’s security motivations, this paper by Sahar Nowrouzzadeh seeks to inform more holistic negotiation strategies that can potentially influence Iran’s nuclear decision-making in a manner more favorable to U.S. interests.

Ely Sandler argues that COP27 progress on the Paris Agreement's Article 6 may be a smoking gun for the death of voluntary carbon markets - but suggests a better model that might take its place.

Abolghasem Bayyenat argues that without the JCPOA restrictions in place, Iran's nuclear program will expand and continue to acquire irreversible technical knowledge and competencies.

Ely Sandler and Daniel Schrag propose a new approach to Article 6 of the Paris agreement, arguing that states must use cross-border investment to finance the energy transition. By linking additionality to an investment’s impact on cost of capital, Sandler and Schrag demonstrate how Article 6 can leverage blended finance to de-risk private investment, creating a new model of public private partnership. The paper uses case studies from the Middle East and North Africa region to demonstrate the potential economic, environmental and political benefits of cooperation on Article 6.  

Abolghasem Bayyenat argues that rather than insisting that the JCPOA be restored strictly in its original form and implemented per its letter, the parties should seek to redress the agreement's imbalance in regard to its enforcement mechanisms and delivery of its economic benefits.

What was accomplished? COP26 created pressure for some countries to produce revised  Nationally Determined Contributions, helped catalyze new pledges to reduce emissions (including from India), led to the approval of the rules to govern international cooperation and carbon markets (the Paris Rulebook) addressing the issue of double counting, and served as the Launchpad for some novel initiatives that could play a useful role. Among the announcements that were made, was one that recognizes the importance of strategic investment and government action to lower the cost of technologies to reach carbon neutrality.

Kelly Sims Gallagher asserts that politicians' pledges of dramatic long-term reductions should not let them off the hook for their failure to achieve more modest progress in the short term.

Joel Clement outlines why he is vexed by global negligence with regards to investments in the fossil fuel industry.