Reports & Papers

The authors draw upon the past decade of experience with carbon markets to test a series of hypotheses about why governments have demonstrated a preference for linking.

The author conducts a comparative analysis of fixed and intensity carbon targets, as these might be used in national policy or a multilateral climate agreement. The discussion is relevant to the ongoing UNFCCC negotiations on the 2015 Durban-Platform agreement.

The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. This paper addresses an important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases.

"A successful international climate policy framework will have to meet two conditions, build a coalition of countries that is potentially effective and give each member country sufficient incentives to join and remain in this coalition. Such coalition should be capable of delivering ambitious emission reduction even if some countries do not take mitigation action. In addition, it should meet the target without exceedingly high mitigation costs and deliver a net benefit to member countries as a whole. The novel contribution of this paper is mostly methodological, but it also adds a better qualification of well-known results that are policy relevant."

In pursuit of a workable successor to the Kyoto Protocol, this study offers a framework of formulas that produces precise numerical targets for emissions of carbon dioxide (CO2) and other greenhouse gases, in all regions of the world in all decades of this century....Firms, consumers, and researchers base their current decisions to invest in plant and equipment, consumer durables, or new technological possibilities on the expected future price of carbon: If government commitments are not credible from the start, then they will not raise the expected future carbon price.

This paper reexamines responsibility for climate change. Claims of responsibility are based on legal and ethical principles concerning liability for wrongdoing. They are, in essence, tort claims. Tort-law principles might be used in actual legal disputes, to make quasi-legal arguments in a negotiation, or to simply claim moral wrongdoing by a set of actors. The goal, therefore, will be to examine whether tort-law or similar theories of obligation apply to past greenhouse gas emissions

We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.

The purpose of this volume is to present possible scenarios for the biofuels industry. Each chapter describes how the sector could evolve depending on the policy and strategies that individual countries may select. However, the assumption is that individual choices may have global impacts. Each scenario therefore tries to provide insights on the global economic, energetic, environmental and trade repercussions of specific policy developments.