carbon markets
Governing Emissions Trading in California and China
Two new policy reports from an international research collaboration consider the design and implementation of emissions trading systems in China and California
Carbon markets are at a crossroads. As of 2021, 30 emissions trading systems were in force globally, covering 16–17% of global greenhouse gas (GHG) emissions. Last year, climate negotiators in Glasgow finalized the Paris Agreement rulebook for international cooperation through carbon markets, clearing the way for the expansion of emissions trading and carbon pricing worldwide. …
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CONTINUE READINGCOP-Out 25: Why Madrid’s Failure May Not Really Matter
Carbon markets are unlikely to be central to global decarbonization efforts
The 25th United Nations Conference of the Parties (COP) in Madrid ended largely in failure on Sunday, with the parties unable to come to agreement on provisions governing a potential international carbon market. How big a deal is that failure? Like my UCLA Law colleagues, I attended the conference in Madrid and witnessed similar dynamics …
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CONTINUE READINGGuest Blogger Ken Alex: Climate Solutions
Post #12 in a Series on California Climate Policy by Ken Alex, Senior Policy Advisor to Gov. Jerry Brown
[This is the second-to-last post in a series expressing my view of why California’s actions on climate change are so important and how they will change the world. The introductory post provides an overview and some general context.] As discussed in the previous blog posts, through the ARB Scoping Plan, the 5 pillars of climate action set …
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