Energy
Confronting the “Emissions Gap”
Long-term thinking and short-term deficiencies in climate change mitigation
With the Paris Agreement now ratified by 86 countries, and entering into force this Friday, countries have defined their first targets—the first round of nationally determined contributions (NDCs). The United States has pledged to reduce GHG emissions 26-28% below 2005 levels by 2025. This initial round of NDCs is significant, but represents only a short timeframe and …
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CONTINUE READINGEnergy Policies Worthy of Debate
Ten questions to ask Clinton and Trump about energy policy.
As we enter the brief debate season prior to the presidential elections, it is easy to anticipate that we won’t see much time set aside for discussing energy policy. That’s not the case for the graduate students in an energy policy class I am currently teaching at the Goldman School of Public Policy. Last week, …
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CONTINUE READINGThe future politics of cap-and-trade in California
It doesn’t look so good for the oil and gas industry
As Ann and Ethan both noted, two major pieces of climate legislation were passed by the California legislature this week, and Governor Brown has promised to sign both bills. Overall, the legislation extends the state’s greenhouse gas reduction goals (which were originally to reach 1990 levels of emissions by 2020) out to a 40% reduction …
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CONTINUE READINGA Floor Price for Gasoline
A floor price would encourage energy efficient cars and generate revenue.
The price of gasoline fluctuates like crazy, tracking the price of oil. In a recent blog post and an earlier paper, my colleagues at the business school have put forward a really innovative proposal: a minimum price for gasoline. When oil costs go below a certain level, gas prices would stay stuck at that point. …
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CONTINUE READINGGuest Blogger David Spence: Why Some Electricity Markets Will Struggle With Decarbonization
David Spence is Professor of Law, Politics & Regulation at the University of Texas at Austin
Recently the New York Times published an article chronicling the financial problems experienced by one of the world’s premier developers of concentrated solar power (CSP) facilities. The financial headwinds facing CSP are a sign of a more fundamental problem electricity markets face: namely, capturing all of the important values we attach to electricity production. Most …
CONTINUE READINGRisk Subsidies and the Future of Nuclear Power in the U.S.
Should We Take Into Account Government Subsidies that Reduce the Risks Borne by the Nuclear Industry as We Consider Our Energy Future?
As I’ve written about before, U.S. law massively subsidizes the nuclear power industry. In particular, a law called the Price-Anderson Nuclear Industries Indemnity Act dramatically skews the incentives to develop nuclear plants, and to site them in places where there is a lot of risk, because it requires the public to bear much of the …
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CONTINUE READINGClimate Change, Energy, and the State of the Union
Quite a focus on climate change, this time around.
“Look, if anybody still wants to dispute the science around climate change, have at it. You’ll be pretty lonely, because you’ll be debating our military, most of America’s business leaders, the majority of the American people, almost the entire scientific community, and 200 nations around the world who agree it’s a problem and intend to …
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CONTINUE READINGThe Case Against Sulking
States will only lose out if they refuse to cooperate with the Clean Power Plan.
Mitch McConnell has urged states to refuse to submit plans if the Clean Power Plan is upheld by the Court. He has been accused of inciting lawless behavior on the part of state governments. Let me come to his defense on this. (How often do I get to do that??) The states are under no legal obligation …
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CONTINUE READINGGuest Blogger David Schraub: Vermont Environmentalists File FTC Challenge over “Double-Counting” RECs
David Schraub is the Darling Foundation Fellow in Public Law at the University of California Berkeley School of Law. Represented by Patrick A. Parenteau and Douglas A. Ruley of the Vermont Law School’s Environmental and Natural Resources Law Clinic, four Vermont residents have petitioned the FTC to investigate alleged misleading marketing practices by Green Mountain …
CONTINUE READINGCongressman Waxman Tells FERC: Read UC Berkeley’s Climate Change Study
Henry Waxman urges FERC to act on greenhouse gas emissions.
In a Congressional hearing this morning, Congressman Henry Waxman had a rare chance to face all five sitting members of the Federal Energy Regulatory Commission (FERC) at the same time to talk about climate change. He took the opportunity to point out UC Berkeley’s recent report on FERC’s authority under existing law to reduce greenhouse …
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