This article originally appeared in Point Carbon News. At the heart of any successful cap-and-trade program is a well-functioning market for the trading of emissions allowances. At the same time, the recent high-profile market scandals and crises have led …
On December 11, 2009, Senators Maria Cantwell (D-WA) and Susan Collins (R-ME) introduced the Carbon Limits and Energy for America’s Renewal (CLEAR) Act (S..2877 of the 111th Congress). This bill would puts limits on carbon emissions. It auctions all of the allowances …
At the heart of any successful cap-and-trade program is a well-functioning market for the trading of emissions allowances. The sulfur dioxide allowance market created under 1990 Clean Air Act Amendments to control acid rain is an example of such a …
Economic models are an important tool for evaluating the potential impact of proposed legislation on our economy. This brief compares modeling analyses of the House-passed clean energy and climate bill (H.R. 2454) conducted by seven different groups including government agencies, …
Policy-relevant results of Integrated Assessment Models (IAMs) are sensitive to a number of uncertain assumptions that govern model simulation of the climate, society, and the policy response to climate change. Uncertainties remain in understanding of the rate and magnitude of …
The Offset Quality Initiative (OQI) responds to the intensifying debate over international offsets by releasing a policy paper assessing offset quality in the Clean Development Mechanism (CDM). In the paper, titled “Assessing Offset Quality in the Clean Development Mechanism,” OQI …
The U.S. House of Representatives passed the American Clean Energy and Security (ACES) Act, sponsored by Representatives Waxman and Markey, on June 26, 2009. The ACES Act includes a market-based regulatory program—cap and trade—to limit greenhouse gas (GHG) emissions. Specified …
Coal is an inexpensive and abundant domestic energy resource; the United States has larger coal reserves than any other country—likely enough to sustain current production levels for more than two centuries. Coal prices are generally less volatile than those of …
Energy-intensive industries may face certain competitiveness concerns resulting from a program to reduce U.S. greenhouse gas (GHG) emissions. Industries such as aluminum, cement, iron and steel, pulp, paper, and certain chemicals — as large energy users — all have high …
The U.S. House of Representatives passed the American Clean Energy and Security (ACES) Act on June 26, 2009 by a vote of 219-212. The ACES Act includes a cap-and-trade program designed to limit emissions of greenhouse gases in the United …