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. …CONTINUE READING
If we “beat” climate change, what will we have to show for it?
Suppose we bring climate change under control and deal with its fallout. What will have we achieved? We will have prevented great harm. That, of course, is the main goal. Untamed climate change means an dangerous, ugly future for all of us on “Spaceship Earth.” Preventing that future is surely enough of a reason to …CONTINUE READING
Bottom-up appraches aren’t just fallbacks when top-down fails. They have their own strengths.
There are some obvious advantages to top-down climate police, whereby a uniform global climate policy is adopted at the global level and then seamlessly implemented by nations, or whereby a similar process takes place at the national level. Of course, this top-down model requires first global agreement on a uniform policy and then effective …CONTINUE READING