Tag Archives: cap-and-trade

Cap-and-Trade Throws a Wrench into the Gears of Green Consumerism

Last week, Severin posted a great piece on household electricity consumption. Armed with a simple metering device and your energy bill, you can easily measure how your various household appliances affect your energy consumption and your pocketbook. Understanding the link … Continue reading

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California’s Cap-and-Trade Market Still Needs a Price Ceiling

Back in May, I blogged about the problem of low GHG allowance prices in the EU-ETS.  I explained the sound reasons for having both a price floor and a price ceiling in any allowance market where science doesn’t dictate a … Continue reading

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Learning and Forgetting the Wisdom of Coase

I was an Assistant Professor at the University of Michigan in 1985 when our downsizing department library put a stack of old journals in the hallway for disposal.  Walking by the pile, I spotted the 1960 Journal of Law and … Continue reading

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Putting a Collar on Carbon Prices

When it was launched in 2005, the EU cap and trade program for greenhouse gases (known as the Emissions Trading System or EU-ETS) was a bold and important step in addressing climate change.  But from the beginning, the EU-ETS has … Continue reading

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Forecasting Supply and Demand in California’s Cap and Trade Market

Today we are taking the unusual step of posting in advance a draft paper that will be presented at the Energy Institute’s POWER research conference on March 22. The paper is “Forecasting Demand and Supply in California’s Cap and Trade … Continue reading

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With cross-state cap-and-trade, challenges await the next EPA administrator

Last week, President Obama nominated Gina McCarthy to be the new EPA administrator. If confirmed, McCarthy will be looking to break ground with new carbon dioxide regulations for power plants and rules of the road for hydraulic fracturing. But she … Continue reading

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California Holds Its Second Cap and Trade Auction: Signs of a Maturing Market

The California Air Resources Board (ARB) held its second auction for greenhouse gas allowances this past Tuesday (Feb 19th).  Severin blogged about his reactions to the first auction held back in November 2012 here. As a quick refresher, in the … Continue reading

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A Ton is Never Really a Ton

I was recently on a panel at the “Australia US Dialogue on Carbon Pricing.” The focus was on linking the various markets for C02 that exist around the world.  For those of you not enmeshed in the exciting world of … Continue reading

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Lomborg vs. Obama

Bjorn Lomborg has a history of getting under environmentalists’ skin. His most recent op-ed in the Wall Street Journal, in which he labels Obama a climate alarmist based on a few sentences from his inaugural address, is likely to provoke more anger … Continue reading

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California holds its first cap and trade auction

The first auction of allowances for California’s cap and trade market took place on Wednesday November 14 and the results were released on Monday. The state auctioned off allowances for vintage 2013 and 2015 (an allowance can be used in … Continue reading

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