Environment & Climate Change

Corporations, organizations, and even governments are purchasing offsets to reduce their carbon footprint. This policy brief provides an overview of the offset process – who buys them, who produces them, and who certifies them; describes the emerging challenges facing this market; and makes recommendations for the future.

This policy brief describes the persistent challenge of poor electricity reliability in India and how it interacts with key regulatory policies, analyzes Delhi’s experience with outage compensation since 2017, and highlights areas for additional economic and policy research on this topic.

Growing concern around climate change has ignited recent interest in carbon capture, utilization, and storage (CCUS) technologies and generated a series of studies on its global market potential.

Improvements in eco-efficiency—defined as a combination of reducing waste and reducing the use of raw inputs—offer one strategy for reducing greenhouse gas emissions while also lowering production costs. In addition, changes in culture—at the level of individual businesses, countries, or both—can enhance the eco-competitive position of these businesses and countries. This paper describes three examples from Costa Rica and shows how the goal of achieving carbon neutrality can provide incentives for improving eco-efficiency and eco-competitiveness.

This April, the United States assumed the Chairmanship of the Arctic Council. The Belfer Center Environment and Natural Resources Program is releasing a series of policy briefs on the issues relating to the Arctic. This brief, focusing on security issues, is the first in this series.

Climate policy is complicated. For a treaty to be beneficial, one must think through carefully how it will work, once it is implemented. Crucial questions include the following: How should an international treaty be designed? Should one negotiate commitments for a five-year period, or for much longer? Assuming that the treaty specifies aggregate or country-specific emission caps, what should these caps be and how should they change over time? How should the agreement be updated once policymakers, scholars, and the public learn more about the severity of the climate-change problem, or about the effects of the policy? Can the treaty be designed to encourage investments in "green" abatement technology or renewable energy sources? Finally, how can one motivate countries to participate and comply with such an agreement?