The Clean Power Plan (CPP) was the regulatory cornerstone of the U.S.’ Intended Nationally Determined Contribution (INDC) to reduce greenhouse gas (GHG) emissions that was included in the Paris Agreement of December 2015. The CPP was designed by the Environmental Protection Agency (EPA) after President Obama directed the agency to do so in June 2013, […]Read More The U.S. Clean Power Plan: Design and Challenges to Core Stakeholder Participation
Since more than 40 countries have already implemented carbon pricing policies of some kind, there is much that other countries contemplating new policies could learn from their experience. Insights from a detailed review of current emissions trading systems (ETS) indicate that institutional learning from within or outside respective jurisdictions, administrative prudence in implementing and managing […]Read More Carbon Pricing in Practice: Lessons from Existing ETS Regimes
Shortly after assuming office, the new President of the African Development Bank, Akinwumi Adesina, challenged Africa to “develop its energy mix, based on what it has, with a regional approach and taking into account resource endowments.” In a new article in Climate Policy, we give a response to this challenge by reviewing the state of […]Read More Mobilising Africa’s Domestic Energy Sources
Along with the Global Environment Facility (GEF), the Green Climate Fund (GCF or the Fund hereafter) serves as an operating entity under the United Nations Framework Convention on Climate Change (UNFCCC) financial mechanism. The GCF became fully operational in 2015 and has thus far disbursed US $147.7 million (as of April 2018) in funds for […]Read More Capitalise, Leverage, and Diversify: Africa’s GCF Portfolio and Opportunities for Engagement
For global climate change, a big challenge is that China (specifically Mainland China as referred to in this blog post) has been rapidly growing to become the world’s largest energy consumer and CO2 emitter, now equivalent to the combined size of the United States and the European Union. A bigger challenge is that China is […]Read More The Battle of Economic Structure and China’s Future Carbon Emissions
An effective system for monitoring, reporting and verification (MRV) is the cornerstone of any carbon emissions trading scheme (ETS). A key feature of a robust MRV system is that it should be built on general monitoring and reporting principles such as completeness, accuracy, consistency and transparency. Such a robust MRV system is essential for the […]Read More China’s National ETS: What are the Key Challenges for Establishing an MRV System?
When people think of Russia and the environment, they tend to think of the big, environmental catastrophes of the Soviet past such as Chernobyl and more recent issues like illegal logging, and hydrocarbon exploration in the Arctic. However, the domestic politics and policy processes surrounding these issues are far more complex and nuanced than they […]Read More A Dirty Business: Russia, Climate Change and the Mining Industry
Advancements in renewable energy and natural gas have appeared to make coal a thing of the past, with the costs of solar, wind, and gas generated electricity approaching or even undercutting that of coal power. Yet, while market conditions no longer favour coal, its political importance prevents an easy transition to these other energy sources. […]Read More The Political Struggle in Eliminating Coal
The fundamental goal of climate policy is to incentivise emissions reductions and the transition to lower carbon processes and technologies. When firms face new costs related to reducing carbon emissions, they may suffer some loss of financial condition as they restructure their businesses. However, if the firm becomes bankrupt as a result of such policies, […]Read More Empirical Calibration of Climate Policy using Corporate Solvency
Perhaps the most widely debated event in global climate policy since the Paris Agreement’s adoption in 2015 was the United States’ decision in June 2017 to withdraw from the treaty, pending possible re-engagement under different terms. When the announcement was on the cards, some commentators argued that the US would be ‘better out than in’, […]Read More Assessing the US Retreat from the Paris Agreement: Backtracking to Kyoto?