Tweaking the market will help, but so will recognizing its limits. After California’s May allowance auction settled at the minimum price and generated almost no revenues for the state, the … Continue Reading Understanding and Refining Emissions Markets
Industry and utility customers should chip in to support the carbon price floor. The Covid-19 crisis has led to all sorts of dramatic changes in lifestyles and economies. The energy … Continue Reading The High Cost of Low Carbon Prices
Lower trade barriers on dirty industries effectively subsidize climate change. Photo by chuttersnap on Unsplash In my new working paper and cool accompanying video released today, I assess how international … Continue Reading International Trade Policies Subsidize Pollution
With new carbon capture and sequestration technologies, can fossil fuels be part of the zero-carbon solution? The start of a new year – and decade – is a good time … Continue Reading Fossil Fuels are Dead, Long Live Fossil Fuels
What would the Lorax say about today’s forest offsets? The race is on. Democratic presidential candidates are jockeying for position. And climate change is emerging as a top priority. Jay … Continue Reading Are Trees Getting Too Much Climate Credit…or Not Enough?