Compared to command-and-control regulations, carbon pricing is a market-based mechanism that creates financial incentives to reduce greenhouse gas (GHG) emissions. Twelve states that are home to over a quarter of the U.S. population and account for a third of U.S. …
Climate change is a global challenge that requires global solutions. Efforts like the Paris Agreement strengthen confidence that all countries are doing their share, helping each country do even more.
At the UN Framework Convention on Climate Change (UNFCCC) 29th Conference of the Parties (COP29), Parties not only need to decide the new collective quantified goal (NCQG) on climate finance but should also consider how to enhance synergies with other …
Transformational adaptation is a concept with evolving definitions and applications in climate adaptation and resilience literature. There is no single agreed approach to either, although several common features emerge across the literature on transformational adaptation. Most definitions emphasize the depth …
To meet the climate challenge, the United States needs a comprehensive national approach. Well-designed federal policy can cut emissions and strengthen resilience while driving economic growth.
There are various market-based approaches to pricing carbon (e.g., carbon tax, cap and trade, clean energy standard). All of these approaches can reduce emissions cost-effectively while driving clean energy innovation. This factsheet compares two carbon tax proposals introduced in the …
Carbon border adjustment mechanisms (CBAM) are an emerging set of trade policy tools that aim to prevent carbon-intensive economic activity from moving out of jurisdictions with relatively stringent climate policies and into those with relatively less stringent policies. Border adjustments …
In the absence of stronger federal leadership, many states are enacting their own climate goals and policies. They serve as laboratories, demonstrating what's effective and informing national policy.
Energy storage is crucial to enabling new clean energy to serve as firm, reliable electricity generation. Virginia has one of the largest state-level energy storage targets in the country, with a goal to deploy 3.1 GW of energy storage capacity …
Twenty-five states and the District of Columbia require electric utilities to deliver a certain amount of electricity from renewable or other clean electricity sources. Eleven states have requirements or goals that have expired, have not been re-upped, or have been …
As centers of population and energy use, cities generate a majority of our climate emissions. Local governments play a critical role in reducing emissions and in making communities resilient to climate change.
A growing number of jurisdictions are adopting market-based climate policies. By putting a price on carbon, these policies give businesses the incentive to innovate so they can cut emissions at the lowest possible cost.