Environment & Climate Change

Over the past decade, carbon trading has emerged as the industrialized world's primary policy response to global climate change despite considerable controversy. With carbon markets worth $144 billion in 2009, carbon trading represents the largest manifestation of the trend toward market-based environmental governance. In Carbon Coalitions, Jonas Meckling presents the first comprehensive study on the rise of carbon trading and the role business played in making this policy instrument a central pillar of global climate governance.

Dramatic growth in nuclear energy would be required for nuclear power to provide a significant part of the carbon-free energy the world is likely to need in the 21st century, or a major part in meeting other energy challenges. This would require increased support from governments, utilities, and publics around the world. Achieving that support is likely to require improved economics and major progress toward resolving issues of nuclear safety, proliferation-resistance, and nuclear waste management. This is likely to require both research, development, and demonstration (RD&D) of improved technologies and new policy approaches.

Associate Professor of Public Policy and Project on Managing the Atom Co-Principal Investigator Matthew Bunn provides a comprehensive assessment of global efforts to secure and consolidate nuclear stockpiles, and a detailed action plan for securing all nuclear materials in four years.  Securing the Bomb 2010 was commissioned by the Nuclear Threat Initiative (NTI). The full report, with additional information on the threat of nuclear terrorism, is available for download on the NTI website.

This policy brief is based on Belfer Center paper #2010-02 and an article published in Energy Policy, Vol. 38, No. 3.

Oil security and the threat of climate disruption have focused attention on the transportation sector, which consumes 70% of the oil used in the United States.
This study explores several policy scenarios for reducing oil imports and greenhouse gas emissions from transportation.

This policy brief outlines urgent priorities for U.S. energy policy at the dawn of the Obama administration, and recommends specific steps that the U.S. government should take to address the numerous energy-related challenges facing the United States. It is based on the book, Acting in Time on Energy Policy (Brookings 2009), edited by Kelly Sims Gallagher, director of the Energy Technology Innovation Policy research group at the Harvard Kennedy School's Belfer Center.

We concentrate on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. The United States cannot afford to wait any longer to enact long-term policies on these topics. In fact, acting early is clearly in the longer-term interest of the United States.

Energy policy is on everyone's mind these days. The U.S. presidential campaign focused on energy independence and exploration ("Drill, baby, drill!"), climate change, alternative fuels, even nuclear energy. But there is a serious problem endemic to America's energy challenges. Policymakers tend to do just enough to satisfy political demands but not enough to solve the real problems, and they wait too long to act. The resulting policies are overly reactive, enacted once damage is already done, and they are too often incomplete, incoherent, and ineffectual. Given the gravity of current economic, geopolitical, and environmental concerns, this is more unacceptable than ever. This important volume details this problem, making clear the unfortunate results of such short-sighted thinking, and it proposes measures to overcome this counterproductive tendency.

"Infrastructure investment is a common focus of energy policies proposed for the United States. Initiatives to improve energy security, meet growing demand, or address climate change and transform the structure of energy systems all anticipate major infrastructure investment. Long lead times and critical mass requirements for these investments present chicken-and-egg dilemmas. Without the necessary infrastructure investment, energy policy cannot take effect. And without sound policy, the right infrastructure will not appear. Acting in time to provide workable policies for infrastructure investment requires a framework for decisionmaking that identifies who decides and how choices should be made."

"The United States ought to be the leader of the world in the energy technology innovation that is needed. It has the largest economy, uses the most energy (and within that total the most oil), has made the largest cumulative contribution to the atmospheric buildup of fossil carbon dioxide that is the dominant driver of global climate change, has a large balance of payments stake in competitiveness in the global energy technology market as well as a large stake in the worldwide economic and security benefits of meeting global energy needs in affordable and sustainable ways, and possesses by many measures the most capable scientific and engineering workforce in the world. The actual performance of this country in energy-technology innovation, however, has been falling short by almost every measure...."

"This chapter proposes to answer five fundamental questions: What exactly is the oil security problem, and how serious is it going forward? Why has it emerged at this point in time, and why has it been so difficult for the U.S. government to take the actions needed to mitigate it? Finally, what alternative policies are likely to be effective as the United States attempts to improve its oil security in the future?"

"The book's title—Acting in Time—refers to the persistent problem in U.S. energy policy that typically just enough is done to satisfy the short-term political imperatives, but not enough is done to actually solve the underlying problems themselves. As a result, many of the fundamental economic, environmental, and security-related challenges arising from patterns of U.S. energy production and consumption have become more intractable. Some now approach a point of crisis."