Carbon Pricing

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.

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State-Level Economic Impacts of a National Climate Change Policy

In response to environmental impacts associated with climate change, policies are being crafted to curb the growth in greenhouse gas (GHG) emissions. European nations are already engaged in reducing emissions through the European Union Emissions Trading System (EU-ETS) as a …

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Sectoral Approaches for a Post-2012 International Climate Framework – Background Note

Since climate change first emerged as an international issue in the late 1980s, a recurring policy question has been whether to address it on a comprehensive or a sector-by-sector basis. In recent years, sectoral approaches have received renewed attention and …

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Designing A Cap-and-Trade Program for the Midwest

The Greenhouse Gas Accord announced by ten Midwestern governors in November 2007 involves nearly one fourth of U.S. greenhouse gas emissions in a regional agreement to improve energy security and design a greenhouse gas (GHG) reduction program. Among the strategies …

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Article
A Cap’s in Hand

This article appeared in World Energy Book 2007.

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Market Mechanisms for Greenhouse Gas Emissions Reductions: Lessons for California

California is currently considering legislation that would establish state-wide caps on greenhouse gas emissions. This paper is based on extensive research by the Pew Center and others on the use of market mechanisms to reduce greenhouse gas emissions. It begins …

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Race to the Top: The Expanding Role of U.S. State Renewable Portfolio Standards

Since the release of our 2002 report on state-level climate activity, Greenhouse and Statehouse: The Evolving State Government Role in Climate Change, the pace of innovation and adoption has quickened. States are taking a broad range of actions that reduce …

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The Cost of U.S. Forest-based Carbon Sequestration

Most analyses to date of options for mitigating the risk of global climate change have focused on reducing emissions of carbon dioxide and other greenhouse gases (GHGs). Much less attention has been given to the potential for storing (or “sequestering”) …

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Factsheet
Induced Technological Change and Climate Policy

Over the upcoming decades, large-scale reductions in emissions of carbon dioxide (CO2) and other greenhouse gases (GHGs) will be required to reduce the risks of global climate change.  In order to achieve this transformation, the development and diffusion of new …

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U.S. Market Consequences of Global Climate Change

Over the next century, global climate change is likely to have substantial consequences for the economy of the United States and the welfare of its citizens. As scientists work to narrow remaining uncertainties about the magnitude and timing of future …

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Emissions Trading in the U.S.: Experience, Lessons, and Considerations for Greenhouse Gases

In recent years, emissions trading has become an important element of programs to control air pollution. Experience indicates that an emissions trading program, if designed and implemented effectively, can achieve environmental goals faster and at lower costs than traditional command-and-control …

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