Region: International
Equity Weighting: A Brief Introduction
An unfamiliar concept for most that just might make cost-benefit analysis more progressive.
A technique called equity weighting could make regulation more progressive. Implementing this technique may be harder than it sounds, however, for a variety of practical, legal, and political reasons. Agencies might do best to use equity weighting as a way to check their regulatory decisions rather than as their main decision tool.
CONTINUE READINGSouth Korea and Climate Change
A small country, but a significant carbon emitter.
Little known fact: The ninth largest carbon emitter in the world is South Korea. What is South Korea doing to cut its emissions? That answer, in brief, is that it has adopted the right kinds of policies, but may need to up its level of ambition. Even so, it compares favorably with the national governments …
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CONTINUE READINGEmissions Trading in California: Lessons for China
A New UCLA Report for Chinese Regulators and Researchers
We are pleased to announce the release of a new UCLA Law Emmett Institute of Climate Change & Environment report on Emissions Trading in California: Lessons for China. As many of you know, China launched trading for its national greenhouse gas (GHG) emissions trading system (ETS) in 2021. By volume of emissions, the Chinese system …
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CONTINUE READINGClimate Policy in India
What’s Happening in the World’s Second Largest Country?
India is home to 1.39 billion people, just below China but growing faster. By some projections, it will have the second largest economy in the world by 2050. In terms of climate policy, however, it doesn’t get nearly as much attention as China. That’s understandable in terms of India’s current carbon emissions, which are now …
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CONTINUE READINGAn Abundance Research Agenda
If we need to build lots of things fast to address climate and housing crises, how will we do that?
There’s been a lot of buzz about this column by Ezra Klein in the New York Times. Klein’s basic argument: We need to do a lot of infrastructure and other development projects to make the world a better place. For example, we’ll need to build power lines and renewable projects to address climate change. But …
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CONTINUE READINGSubnational Climate Action in the UK
As in the U.S., it’s not all about the national government. Not by any means.
Last week, I posted about the British government’s climate policy. In sharp contrast with their American counterparts, British conservatives remain firmly behind the Paris Agreement and supportive of cap-and-trade. In another respect, though, there’s more similarity: in both countries, subnational governments play a key role in climate policy. Here’s what’s happening across Great Britain. Regional …
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CONTINUE READINGWar and the Environment: Ukraine in 2022
The environment is also a victim of the Russian invasion — perhaps to the point of being a war crime.
Memorial Day began as a day to commemorate the Civil War dead, then became a day to commemorate the dead from many wars. But war’s toll goes beyond direct harm to humans. The environment also suffers. On top of its human tragedies, the Russian invasion of Ukraine is also wreaking environmental havoc. One source of …
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CONTINUE READINGConservatives Who Support Climate Action
No, not here. The British Tories.
There is continuing conservative support for climate action. Not so much here, of course, but in the UK. The British government is firmly in the grip of the Conservative Party. Prime Minister Boris Johnson is no Donald Trump, but he does have at least a whiff of Trumpiness about him. Like the GOP, the Tories …
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CONTINUE READINGGood News from “Down Under”
Australia’s election signals a welcome change in climate policy.
Australia has had a change of government. The Liberal Party — conservative in everything but name — lost control of the federal government to Labor. Australia was recently ranked last out of sixty countries in climate policy.The victorious Labor candidate told his supporters, “Together we can end the climate wars. Together we can take advantage of …
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CONTINUE READINGGoverning 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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