Energy

The Spring 2011 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This issue highlights the Belfer Center’s continuing efforts to build bridges between the United States and Russia to prevent nuclear catastrophe – an effort that began in the 1950s. This issue also features three new books by Center faculty that sharpen global debate on critical issues: God’s Century, by Monica Duffy Toft, The New Harvest by Calestous Juma, and The Future of Power, by Joseph S. Nye.

Sectoral approaches have been gaining currency in the international climate debate as a possible remedy to the shortfalls of the Kyoto Protocol. Proponents argue that a sector-based architecture can more easily invite the participation of developing countries, address competitiveness issues, and enable immediate emissions reductions. However, given the numerous proposals, much confusion remains as to what sectoral approaches actually are. This article provides a simple, yet comprehensive, taxonomy of the various proposals for sectoral approaches.

"...[T]he U.S. and China have been involved in intense talks about climate policy. If the two nations come together in a bilateral agreement—a real possibility—they would have much more leverage to persuade other major nations to join. From there, developing nations could be brought on board by giving them targets that reduce emissions without stifling growth. Advanced nations might agree to more-severe emissions cuts and allow developing nations to make gradual cuts in the early decades as they rise toward the world's average per-capita emissions. With the right incentives, developing countries can and will move onto less carbon-intensive growth paths."

Since the agreement of the Kyoto Protocol, business in the EU and the US has been split over the course of climate policy. This article reviews the regulatory preferences of major business associations on both sides of the Atlantic, and assesses whether the transatlantic gap on corporate positioning on climate change is actually narrowing and what the compromise solution might be.

The Harvard Project on International Climate Agreements has agreed to help the Office of the Danish Prime Minister, in its role as incoming President of the 2009 Conference of the Parties, to prepare background papers and on-site briefings for a series of very high-level dialogues on climate change policy, hosted by the Prime Minister. These dialogues will each include about 25 participants, including CEOs of European and U.S. corporations, key officials from national governments and intergovernmental organizations, and leaders of major environmental NGOs. This paper on the subject of economic incentives was prepared by the Harvard Project leadership for the first dialogue.

The Bali climate change conference was a qualified success. Before we went to Bali, we observed that it will be good news if there’s no bad news coming out of the negotiations.  This was achieved, and then some.

"Poland is of great importance, and curbing greenhouse gas, particularly carbon dioxide emissions, will be a very great challenge, because of the rapidly growing economy and the very high reliance on coal."

Professor Stavins' presentation at the 7th IETA Forum on the State and Development of the Greenhouse Gas Market described tradable permit systems and linkage among them that allows emission reduction efforts to be redistributed across systems. He notes that linkage may become the de jure or de facto post-2012 international policy architecture.