Energy

268 Items

three workers install solar panels on roof of home

AP Photo/John Minchillo

Paper - Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government

Financing Building Decarbonization: The Roles of Government and Private Sector Investors

    Authors:
  • Marco Fornara
  • Rushabh Sanghvi
| Jan. 22, 2024

Decarbonizing existing buildings is a key component of greenhouse gas emission reduction strategies, but private investors have been slow to finance residential decarbonization projects because of a range of barriers. Authors Chang, Fornara, and Sanghvi argue that green banks could play a major role in unlocking public and private financing for projects that are currently financially unviable. 

News - Harvard Project on Climate Agreements

Salata Institute Launches Initiative to Reduce Global Methane Emissions

| July 10, 2023

The Salata Institute for Climate and Sustainability at Harvard University launched today a major research and outreach initiative to reduce global methane emissions. The initiative seeks meaningful and sustained progress in global methane-emissions reductions through research and effective engagement with government policymakers and with key stakeholders in business, nongovernmental organizations, and international institutions.

On the hood of an electric car, California Gov. Gavin Newsom signs an executive order

The Sacramento Bee via AP, Pool, File/Daniel Kim

Analysis & Opinions - The Washington Post

Americans Agree with Their State and Local Officials on Climate Action

| July 26, 2022

Joshua Schwartz and Sabrina Arias write that although Congress seems unable to act, enough states, cities and counties are mobilizing to make a dent in U.S. carbon emissions. The states, cities, counties, and towns that have committed themselves to upholding the Paris agreement currently release a majority of U.S. carbon emissions. If they do manage to meet their targets, they can make a meaningful difference.

Wind Turbines and sailboats

Wikimedia CC/ http://www.cgpgrey.com

News - Harvard Project on Climate Agreements

Danish Climate Minister Lauds European Countries Vowing to Reduce their Dependency on Russian Gas During HPCA Virtual Forum

    Author:
  • Doug Gavel
| Apr. 11, 2022

The Danish Minister of Climate, Energy, and Utilities expressed his hope that the tragic war in Ukraine will help accelerate the clean energy transformation by weaning Europe off Russian gas during a Virtual Forum (view recording here) last Friday (April 8). The event was hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development. 

Book - Cambridge University Press

Foundations for a Low-Carbon Energy System in China

How can China make good on its pledge to reach carbon neutrality by 2060? In Foundations for a Low-Carbon Energy System in China, a team of experts from China and the United States explains how China's near-term climate and energy policies can affect long-term decarbonization pathways beyond 2030, building the foundations for a smoother and less costly national energy transformation.

Audio - Resources Radio

When Will the Sun Set on Fossil Fuel Subsidies?

| Sep. 07, 2021

Joseph Aldy describes the challenge of reforming fossil fuel subsidies, given uncertainty about how much subsidies actually cost governments and given provisions in the US tax code that privilege fossil fuels over renewable energy sources. Aldy also elaborates on some policies that the Biden administration—which has committed to removing fossil fuel subsidies—could target as policymakers develop infrastructure legislation.

Solar panels outside of a Chinese city

Wikimedia CC/WiNG

News - Harvard Project on Climate Agreements

Assessing China’s National Carbon Market: An HPCA Conversation with Valerie Karplus, Carnegie Mellon University

    Author:
  • Doug Gavel
| July 22, 2021

China recently launched the world’s largest emissions trading market, but it is just one component of the nation’s ambitious efforts to curb the rise in greenhouse-gas emissions. That was the message delivered on Thursday (July 22) by Carnegie Mellon University Associate Professor Valerie Karplus during a Virtual Forum hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development.

Aerial view of Guangzhou-Huadu Plain and Mount Baiyun

Wikimedia CC/Pulsarwind

Discussion Paper - Harvard Project on Climate Agreements

The Guangdong Carbon Emissions Trading Scheme: Progress, Challenges and Trends

    Authors:
  • Zeng Xuelan
  • Li Weichi
  • Guo Xingyue
| June 2021

Guangdong Province ranks first in economic output among China’s provinces and will play a major role in achieving China’s national climate-change goals. This paper examines the progress of Guangdong Province’s carbon dioxide emissions trading system (ETS) in reducing emissions; design features of the system; challenges it faces with regard to further development; and its relationship to China’s new national ETS.

A satellite view of the Baihetan Dam, under construction on the Jinsha River in Yunnan province, February 4, 2020.

CNES/Airbus, used with permission

Paper

China Trading Power: Improving Environmental and Economic Efficiency of Yunnan’s Electricity Market

| March 2021

In this report, we propose a market reform pathway for Yunnan that is both feasible and applicable to address some of these challenges immediately, while aiming for a standard design based on well-documented international experience. Our proposal includes at its heart a pay-for-performance monthly capacity auction that can help cover revenue deficiencies in the energy market. Building on international experience with capacity markets, this approach provides incentives for availability when generation is needed most and is compatible with the adoption of a single energy market for all electricity resources. Out-of-market payments to cover stranded costs of certain firms can thus be minimized. Finally, engaging consumers in both these energy and capacity markets can create high-powered incentives to shift consumption to low-cost months and hours, benefitting the entire province.