Tag Archives: cap-and-trade

Fixing a major flaw in cap-and-trade

While many Californians are spending August burning fossil fuels to travel to vacation destinations, the state legislature is negotiating with Gov. Brown over whether and how to extend the California’s cap-and-trade program to reduce carbon dioxide and other greenhouse gases … Continue reading

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The Promise and Perils of Linking Carbon Markets

The theme of the week is “We’re stronger together“.  This rallying cry applies in lots of places.. including climate change mitigation!   So this week’s blog looks at how this theme is playing out in carbon markets. A good place to start … Continue reading

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Is US Climate Policy Killing Nuclear Power?

These are strange times for competitive power markets in the United States.  Baseload power plants, many of them nuclear, are reportedly struggling to stay out of the red. About 10 years ago, plants like these were thriving with high wholesale prices set … Continue reading

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Giving Up on Carbon Markets in Favor of a Giant Vacuum in the Sky?

I sat next to a distinguished climate scientist at a recent dinner, who told me point blank that “carbon markets have failed, which means one should give up on market based approaches to reducing emissions”. After the ecologist on my … Continue reading

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The multibillion dollar question: How to spend carbon revenues?

Debates over carbon pricing policies tend to focus on the costs imposed on firms and households. When a carbon tax or cap and trade program is introduced, firms see energy-related operating costs rise, drivers pay (cents) more at the pump, … Continue reading

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The Big Stick: Cap and Trade in the Peoples Republic of Carbon

Many of us have argued that a patchwork of national or subnational climate policies is a largely pointless undertaking unless the big two (United States and China) are part of that patchwork. The US has taken some steps towards national … Continue reading

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Californians Can Handle the Truth About Gas Prices

A few weeks ago, Jim blogged about the concerns that cap-and-trade will drive up gas prices in California.   In late June, those concerns resulted in a letter from Assemblymember Perea and 15 other Democrats asking the California Air Resources Board … Continue reading

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Cap-and-Trade’s Moment of Truth

With the looming expansion of its cap-and-trade program to transportation fuels like gasoline, California is fast approaching a significant moment of truth for its climate policy. This has some people nervous, and there are growing rumblings of proposals to delay, perhaps … Continue reading

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What’s the Worst That Could Happen?

[This post is co-authored with my three collaborators in cap-and-trade work for the California Air Resources Board:  Frank Wolak, Jim Bushell and Matt Zaragoza-Watkins.] California’s year-and-a-half old cap-and-trade market for reducing greenhouse gases (GHGs) has drawn renewed interest over the … Continue reading

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Swapping negawatts for megawatts under the EPA’s proposed Clean Power Plan

If you are embarking on a new weight loss plan, it typically makes sense to pursue a mixed strategy of diet and exercise. If you are working to get your finances under control, you should look for ways to increase … Continue reading

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