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 118th Congress (2023–2024). Carbon pricing offers a cost-effective way to reduce greenhouse gas emissions. Twelve […]
Click here for a factsheet summarizing the Clean Hydrogen Policy Recommendations. To mitigate climate impacts, major greenhouse gas emission reductions will be required across the United States economy. Rapid decarbonization will necessitate the development and deployment of new clean technologies, as well as low- and zero-carbon fuels as substitutes in emissions-intensive sectors. In particular, the […]
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 UNFCCC workstreams that will rely on the climate finance to be delivered by this new […]
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 of change required, often highlighting the need to foster systemic shifts that address the root […]
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 have the potential to increase the environmental effectiveness of climate policies, by averting shifts in […]
Climate change is no longer a distant threat—it is reshaping industries in real time. More frequent heat waves, stronger hurricanes, extreme precipitation, and prolonged droughts are disrupting operations, impacting supply chains, and affecting the communities where businesses operate. Businesses, as key drivers of investment, innovation, and economic productivity, are uniquely interconnected with everything—from supply chains […]
Parties must land an ambitious outcome for the new collective quantified goal (NCQG) on climate finance at the 29th Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) (COP29). Most of the substantive topics remain unresolved, but transparency arrangements might prove a useful element in finding a way forward on highly […]
In order to implement the GST targets and signals through enhanced NDC ambition and implementation, major barriers must be meaningfully addressed, turned into opportunities for enhanced international cooperation, and translated into development priorities and domestic policies. In the context of making the case for clear leadership to enable such action, this paper: focuses on the […]
In order to implement the GST targets and signals through enhanced NDC ambition and implementation, major barriers must be meaningfully addressed, turned into opportunities for enhanced international cooperation, and translated into development priorities and domestic policies. In the context of making the case for clear leadership to enable such action, this paper: focuses on the […]
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 by 2035—enough to power more than 2.3 million homes—and aims to procure 100 percent of […]
