Managing Costs In A Us Greenhouse Gas Trading Program

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Managing Costs in a U.S. Greenhouse Gas Trading Program

Author : Marika Tatsutani
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Managing Costs in a U.S. Greenhouse Gas Trading Program by : Marika Tatsutani

Download or read book Managing Costs in a U.S. Greenhouse Gas Trading Program written by Marika Tatsutani and published by . This book was released on 2013 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost containment has emerged as a major point of contention in the current congressional debate about designing a cap-and-trade program to limit future U.S. greenhouse gas (GHG) emissions. This paper reviews basic concepts and policy options for cost management, drawing on a March 2008 workshop sponsored by Resources for the Future (RFF), the National Commission on Energy Policy, and Duke University's Nicholas Institute for Environmental Policy Solutions. The different sources and temporal dimensions of cost uncertainty are explored, along with possible mechanisms for addressing short- and long-term cost concerns, including banking and borrowing, emissions offsets, a price cap (or safety valve), quantity-limited allowance reserve, and the concept of an oversight entity for GHG allowance markets modeled on the Federal Reserve. Recognizing that the inherent trade-off between environmental certainty and cost certainty has no perfect solution, the paper nonetheless concludes that numerous options exist for striking a reasonable and politically viable balance between these two objectives. In the effort to forge consensus around a particular set of options, it will be important for policymakers to strive to fit the remedy to the problem they are trying to solve and to preserve the underlying integrity of the overall program in terms of its long-term ability to sustain meaningful market incentives for low-carbon technologies.

Managing Allowance Prices in a Cap-and-trade Program

Author : Terry Dinan
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Managing Allowance Prices in a Cap-and-trade Program by : Terry Dinan

Download or read book Managing Allowance Prices in a Cap-and-trade Program written by Terry Dinan and published by . This book was released on 2010 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices--Preface.

Managing Allowance Prices in a CapandTrade Program

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437942555
Total Pages : 32 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Managing Allowance Prices in a CapandTrade Program by :

Download or read book Managing Allowance Prices in a CapandTrade Program written by and published by DIANE Publishing. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Costs of Reducing Greenhouse-Gas Emissions

Author : Robert Shackleton
Publisher : DIANE Publishing
ISBN 13 : 1437926215
Total Pages : 12 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Costs of Reducing Greenhouse-Gas Emissions by : Robert Shackleton

Download or read book Costs of Reducing Greenhouse-Gas Emissions written by Robert Shackleton and published by DIANE Publishing. This book was released on 2010-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human activities around the world are producing increasingly large quantities of greenhouse gases, particularly carbon dioxide (CO2) resulting from the consumption of fossil fuels and deforestation. A comprehensive response to that problem would include a collection of strategies: research to better understand the scientific processes at work and to develop technologies to address them; measures to help the economy and society adapt to the projected warming and other expected changes; and efforts to reduce emissions. This report discusses the economic costs of reducing greenhouse-gas emissions in the U.S., describing the main determinants of costs, how analysts estimate those costs, and the magnitude of estimated costs. Illustrations.

The Greenhouse Gas Protocol

Author :
Publisher : World Business Pub.
ISBN 13 : 9781569735688
Total Pages : 0 pages
Book Rating : 4.7/5 (356 download)

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Book Synopsis The Greenhouse Gas Protocol by :

Download or read book The Greenhouse Gas Protocol written by and published by World Business Pub.. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

Managing Agricultural Greenhouse Gases

Author : Mark Liebig
Publisher : Academic Press
ISBN 13 : 012386898X
Total Pages : 602 pages
Book Rating : 4.1/5 (238 download)

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Book Synopsis Managing Agricultural Greenhouse Gases by : Mark Liebig

Download or read book Managing Agricultural Greenhouse Gases written by Mark Liebig and published by Academic Press. This book was released on 2012-10-16 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global climate change is a natural process that currently appears to be strongly influenced by human activities, which increase atmospheric concentrations of greenhouse gases (GHG). Agriculture contributes about 20% of the world’s global radiation forcing from carbon dioxide, methane and nitrous oxide, and produces 50% of the methane and 70% of the nitrous oxide of the human-induced emission. Managing Agricultural Greenhouse Gases synthesizes the wealth of information generated from the GRACEnet (Greenhouse gas Reduction through Agricultural Carbon Enhancement network) effort with contributors from a variety of backgrounds, and reports findings with important international applications. Frames responses to challenges associated with climate change within the geographical domain of the U.S., while providing a useful model for researchers in the many parts of the world that possess similar ecoregions Covers not only soil C dynamics but also nitrous oxide and methane flux, filling a void in the existing literature Educates scientists and technical service providers conducting greenhouse gas research, industry, and regulators in their agricultural research by addressing the issues of GHG emissions and ways to reduce these emissions Synthesizes the data from top experts in the world into clear recommendations and expectations for improvements in the agricultural management of global warming potential as an aggregate of GHG emissions

Managing Allowance Prices in a Cap-and-trade Program

Author : Terry Dinan
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (973 download)

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Book Synopsis Managing Allowance Prices in a Cap-and-trade Program by : Terry Dinan

Download or read book Managing Allowance Prices in a Cap-and-trade Program written by Terry Dinan and published by . This book was released on 2010 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. (Other options include taxes on emissions and regulatory standards to reduce emissions, or a combination of the various approaches.) A cap-and-trade program would establish increasingly stringent annual limits on greenhouse gas emissions over the course of several decades. The government would distribute rights to emit such gases (allowances) by either selling them, possibly in an auction, or giving them away. Firms would be allowed to trade the allowances after they had been distributed and to shift them over time to some degree by 'banking' unused allowances for future use or by 'borrowing' allowances allocated to future years. The price of allowances would rise to the level necessary to ensure that the limit on cumulative emissions over the life of the policy (implied by the annual caps) was met. That price level would depend crucially on a variety of factors, including the growth of the economy and the development of new technologies to reduce emissions. Because policymakers cannot know in advance how high or low prices will be in any given year, they might consider adding features to the design of a cap-and-trade program that would limit the range of potential allowance prices. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices. In keeping with CBO's mandate to provide objective, impartial analysis, the report contains no recommendations." --Preface.

Linking a U.S. Cap-and-Trade System for Greenhouse Gas Emissions

Author : Judson L. Jaffe
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Linking a U.S. Cap-and-Trade System for Greenhouse Gas Emissions by : Judson L. Jaffe

Download or read book Linking a U.S. Cap-and-Trade System for Greenhouse Gas Emissions written by Judson L. Jaffe and published by . This book was released on 2013 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-run cost of a U.S. cap-and-trade system for greenhouse gas (GHG) emissions could be significantly reduced by linking that system with other existing and emerging tradable permit systems for GHG emissions. However, along with the cost savings that it offers, linking carries with it other implications. For example, linking has distributional consequences and, under some circumstances, linked systems collectively will not achieve the same level of emission reductions as they would absent linking. Also, linking can reduce a government's control over the impacts of its tradable permit system. Thus, in considering linkages, the United States and potential linking partners may have to weigh linking's implications for potentially competing policy objectives, much as will be required in developing other elements of their respective domestic climate policies. Because linking's implications depend on the type of link that is established and the specific characteristics and design of the linked systems, in the near-term, some links will be more attractive and easier to establish than others. Importantly, those links that may be the easiest to establish - links with emission reduction credit systems such as the Clean Development Mechanism - likely can provide much of the near-term cost-saving and risk-diversifying advantages that linking can offer. Given the implications of links with other cap-and-trade systems, to facilitate such links, it may be necessary to harmonize certain elements of the design of the U.S. system and any system(s) with which it links. In particular, agreement on a unified set of measures to address cost uncertainty likely will be a necessary pre-condition for an unrestricted link with another cap-and-trade system. Also, in order to link with other cap-and-trade systems, it may be necessary to establish broader international agreements governing aspects of the design of the U.S. and linked systems beyond simply mutual recognition of allowances.

Informing an Effective Response to Climate Change

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309145945
Total Pages : 346 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Informing an Effective Response to Climate Change by : National Research Council

Download or read book Informing an Effective Response to Climate Change written by National Research Council and published by National Academies Press. This book was released on 2011-01-07 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global climate change is one of America's most significant long-term policy challenges. Human activity-especially the use of fossil fuels, industrial processes, livestock production, waste disposal, and land use change-is affecting global average temperatures, snow and ice cover, sea-level, ocean acidity, growing seasons and precipitation patterns, ecosystems, and human health. Climate-related decisions are being carried out by almost every agency of the federal government, as well as many state and local government leaders and agencies, businesses and individual citizens. Decision makers must contend with the availability and quality of information, the efficacy of proposed solutions, the unanticipated consequences resulting from decisions, the challenge of implementing chosen actions, and must consider how to sustain the action over time and respond to new information. Informing an Effective Response to Climate Change, a volume in the America's Climate Choices series, describes and assesses different activities, products, strategies, and tools for informing decision makers about climate change and helping them plan and execute effective, integrated responses. It discusses who is making decisions (on the local, state, and national levels), who should be providing information to make decisions, and how that information should be provided. It covers all levels of decision making, including international, state, and individual decision making. While most existing research has focused on the physical aspect of climate change, Informing an Effective Response to Climate Change employs theory and case study to describe the efforts undertaken so far, and to guide the development of future decision-making resources. Informing an Effective Response to Climate Change offers much-needed guidance to those creating public policy and assists in implementing that policy. The information presented in this book will be invaluable to the research community, especially social scientists studying climate change; practitioners of decision-making assistance, including advocacy organizations, non-profits, and government agencies; and college-level teachers and students.

Confronting the Climate Challenge

Author : Lawrence Goulder
Publisher : Columbia University Press
ISBN 13 : 0231545932
Total Pages : 354 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Confronting the Climate Challenge by : Lawrence Goulder

Download or read book Confronting the Climate Challenge written by Lawrence Goulder and published by Columbia University Press. This book was released on 2017-12-26 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries. Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.

Greenhouse Gas Trading Program

Author : United States Congress
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781978172654
Total Pages : 120 pages
Book Rating : 4.1/5 (726 download)

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Book Synopsis Greenhouse Gas Trading Program by : United States Congress

Download or read book Greenhouse Gas Trading Program written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-10-13 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greenhouse gas trading program: hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Eleventh Congress, first session, to explore potential costs and price volatility in the energy sector as a result of a greenhouse gas trading program and ways to reduce or contain those costs, September 15, 2009.

Managing Climate Risk in the U.S. Financial System

Author : Leonardo Martinez-Diaz
Publisher : U.S. Commodity Futures Trading Commission
ISBN 13 : 057874841X
Total Pages : 196 pages
Book Rating : 4.5/5 (787 download)

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Book Synopsis Managing Climate Risk in the U.S. Financial System by : Leonardo Martinez-Diaz

Download or read book Managing Climate Risk in the U.S. Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Updating the Allocation of Greeenhouse Gas Emissions Permits in a Federal Gap-and-trade Program

Author : Meredith Fowlie
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (75 download)

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Book Synopsis Updating the Allocation of Greeenhouse Gas Emissions Permits in a Federal Gap-and-trade Program by : Meredith Fowlie

Download or read book Updating the Allocation of Greeenhouse Gas Emissions Permits in a Federal Gap-and-trade Program written by Meredith Fowlie and published by . This book was released on 2010 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Greenhouse Gas Trading Program

Author : United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Greenhouse Gas Trading Program by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Greenhouse Gas Trading Program written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2010 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Valuing Climate Damages

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309454204
Total Pages : 281 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Valuing Climate Damages by : National Academies of Sciences, Engineering, and Medicine

Download or read book Valuing Climate Damages written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-06-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

Global Carbon Pricing

Author : Peter Cramton
Publisher : MIT Press
ISBN 13 : 0262340399
Total Pages : 270 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Global Carbon Pricing by : Peter Cramton

Download or read book Global Carbon Pricing written by Peter Cramton and published by MIT Press. This book was released on 2017-06-16 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

Tools of the Trade

Author : Canada. Environment Canada
Publisher : Canadian Government Publishing
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Tools of the Trade by : Canada. Environment Canada

Download or read book Tools of the Trade written by Canada. Environment Canada and published by Canadian Government Publishing. This book was released on 2005 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This guidebook is intended as a reference for policymakers and regulators considering cap and trade as a policy tool to control pollution. It is intended to be sufficiently generic to apply to various pollutants and environmental concerns; however, it emphasizes cap and trade to control emissions produced from stationary source combustion."--Page 1-1, Introduction.