Energy

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.

Trump tied American jobs to endless wars in the Middle East. Biden should link them to renewed diplomacy.

In order to fully appreciate the global climate-change challenge that the Biden administration will face, Robert Stavins reflects on the history of international negotiations that brought us to this point.

A comparative analysis of the United States’ and the Soviet Union’s previously underexplored radiological weapons programs identifies the drivers behind their rise and demise. The findings of this analysis illuminate the factors likely to affect the pursuit of radiological weapons by other states in the future.

In the highly charged political atmosphere surrounding nuclear initiatives in the Middle East, legitimate concerns are sometimes blown out of proportion, with potentially problematic results. This has been the case with recent coverage and commentary on Saudi Arabia’s nuclear activities, which have been characterized by a degree of what can be described as “threat inflation.”

Nobel Prize–winning economist Joseph Stiglitz, University Professor at Columbia University, shared his thoughts on carbon pricing, the post-pandemic economic recovery, and green economy transition during a virtual forum on September 8 sponsored by the Harvard Project on Climate Agreements, and hosted by Robert Stavins, A.J. Meyer Professor of Energy and Economic Development at Harvard Kennedy School.

Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Dean Emeritus at the MIT Sloan School of Management, reflected on his many years working on environmental policy in public service and academia in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” 

To accelerate the global transition to a low-carbon economy, all energy systems and sectors must be actively decarbonized. While hydrogen has been a staple in the energy and chemical industries for decades, renewable hydrogen is drawing increased attention today as a versatile and sustainable energy carrier with the potential to play an important piece in the carbon-free energy puzzle. Countries around the world are piloting new projects and policies, yet adopting hydrogen at scale will require innovating along the value chains; scaling technologies while significantly reducing costs; deploying enabling infrastructure; and defining appropriate national and international policies and market structures.

What are the general principles of how renewable hydrogen may reshape the structure of global energy markets? What are the likely geopolitical consequences such changes would cause? A deeper understanding of these nascent dynamics will allow policy makers and corporate investors to better navigate the challenges and maximize the opportunities that decarbonization will bring, without falling into the inefficient behaviors of the past.

This discussion paper (available in English and Chinese) describes the evolution of decentralization over the reform period that began in China in 1978, different theories of institutional change in China, and how the empirical and theoretical literatures help scholars and policymakers understand the development of institutions for governing GHG-emitting activities.

In this report, the authors conduct a benchmarking analysis for energy and CO2 emissions intensity of the steel industry among the largest steel-producing countries.