Climate Change
New journal issue on using the Clean Air Act to address greenhouse gas emissions
UCLA’s Journal of Environmental Law and Policy has just published its current issue, Volume 30, with all its content available free online in pdf format. This volume is a special symposium issue, featuring articles relating to the use of the Clean Air Act to address greenhouse gas emissions. Several of the articles’ authors were speakers …
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CONTINUE READINGFollow the Sun: Mexico On Target to Pass National Climate Change Law
With Friday’s lower chamber passage of a new national climate change law, Mexico is poised to become a pioneer in climate change policy, proving the United States and the rest of the world that environmental protection and economic growth are both critical and achievable goals. On April 13, Mexico’s 500-member Chamber of Deputies passed the …
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CONTINUE READINGHow California could surpass $1 billion in cap-and-trade auction revenue by 2013
Last week I did a series of posts examining the amount and potential price ranges for allowances in California’s upcoming cap-and-trade auctions for greenhouse gas emissions (GHGs). Knowing the estimated auction clearing price plus the estimated number of allowances to be sold at auction tells us the estimated revenue from that auction. Several estimates of …
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CONTINUE READINGBelieving in Climate Change
For many years, I didn’t really believe in climate change. Not in the sense of skeptics or deniers. It’s not like I didn’t intellectually understand the science behind climate change, and didn’t understand in my head that greenhouse gases were contributing to significant alterations in global climate systems, and that those alterations have the potential …
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CONTINUE READINGAllowance distribution in California’s cap-and-trade program (Part II: Industry)
Yesterday I developed a basic overview of the different categories of allowances in California’s GHG trading program. As promised, this post considers the number of allowances that California will freely give to specific industries. Why do we care about industry allowances? First, allowances have value and the Air Resources Board (CARB) has chosen to give …
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CONTINUE READINGAllowance distribution in California’s cap-and-trade program (Part I)
Yesterday, I described California’s GHG cap-and-trade auction and the likely constraints on the auction clearing price. Today I want to switch gears to the allowance distribution. As summarized in our recent paper on California’s auction revenue, once you know the number of allowances available at auction and the auction clearing price, you can estimate revenue. …
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CONTINUE READINGAuction prices in California’s cap-and-trade program
This week, the Emmett Center released a new paper on the potential legal constraints on revenue generated from California’s upcoming greenhouse gas (GHG) cap-and-trade auction. In that paper, we provide a general overview of the cap-and-trade auction mechanism and discuss the potential revenue raised. I would like to expand on that discussion in a series …
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CONTINUE READINGDeep Waters
Dean Rowan pointed me to a nifty interactive site dealing with sea level change. It covers the entire coastal U.S. You simply put in the name or zip code of the place your interested in, along with the amount of sea level rise (1-10 feet). You get a map of what parts of the city …
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CONTINUE READINGTunnel vision in environmental law and policy
One of the reasons that environmental law and policy is so interesting, and so challenging, is that it is very, very difficult to reduce what we mean by “environmental quality” to one single metric. A couple of recent posts by a leading progressive policy blogger (Matt Yglesias) make this point very well.
CONTINUE READINGHeat Waves, Droughts, and the Energy System
According to the IPCC, it “is very likely that hot extremes, heat waves, and heavy precipitation events will continue to become more frequent.” For instance, by midcentury, the number of heat wave days in Los Angeles is expected to at least double over the late twentieth century, and quadrupling is expected by the end of …
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