Search

Begin New Search Topic Environment Author Robert N. Stavins

1. The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment

Author:
Robert N. Stavins and Richard Schmalensee
Publication Date:
08-2012
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, by creating this system to reduce SO2 emissions to curb acid rain, the government did the right thing for the wrong reason. Second, a substantial source of this system's cost-effectiveness was an unanticipated consequence of earlier railroad deregulation. Third, it is ironic that cap-and-trade has come to be demonized by conservative politicians in recent years, since this market-based, cost-effective policy innovation was initially championed and implemented by Republican administrations. Fourth, court decisions and subsequent regulatory responses have led to the collapse of the SO2 market, demonstrating that what the government gives, the government can take away.
Topic:
Climate Change, Environment, Government, Markets, Treaties and Agreements, and Law

2. Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

Author:
Robert N. Stavins
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases. Because linkage reduces the cost of achieving given targets, there is tremendous pressure to link existing and planned cap-and-trade systems, and in fact, a number of links already or will soon exist. We draw on recent political and economic experience with linkage to evaluate potential roles that linkage may play in post-Durban international climate policy, both in a near-term, de facto architecture of indirect links between regional, national, and sub-national cap-and-trade systems, and in longer-term, more comprehensive bottom-up architecture of direct links. Although linkage will certainly help to reduce long-term abatement costs, it may also serve as an effective mechanism for building institutional and political structure to support a future climate agreement.
Topic:
Climate Change, Economics, Environment, International Cooperation, and Treaties and Agreements
Political Geography:
South Africa and Durban

3. Climate Negotiations Open a Window: Key Implications of the Durban Platform for Enhanced Action

Author:
Robert N. Stavins and Joseph E. Aldy
Publication Date:
09-2012
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
A key outcome of the Seventeenth Conference of the Parties (COP-17) of the United Nations Framework Convention on Climate Change (UNFCCC), held in Durban, South Africa, late in 2011 — the Durban Platform for Enhanced Action — represents an important milestone in the history of climate negotiations. This is because it departs from the long-standing and problematic dichotomous division of the world's countries into those with serious emissions-reduction responsibilities and the others — with no such responsibilities whatsoever. That distinction, now apparently abandoned, has prevented meaningful progress for decades. The Durban Platform — by replacing the Berlin Mandate's (1995) division of the world into a set of countries with ambitious responsibilities and another set of countries with no responsibilities — has opened an important window. National delegations from around the world now have a challenging task before them: to identify a new international climate policy architecture that is consistent with the process, pathway, and principles laid out in the Durban Platform, while still being consistent with the UNFCCC. The challenge is to find a way to include all key countries in a structure that brings about meaningful emission reduction on an appropriate timetable at acceptable cost, while recognizing the different circumstances of countries in a way that is more subtle, more sophisticated, and — most important — more effective than the dichotomous distinction of years past.
Topic:
Climate Change, Energy Policy, Environment, and Treaties and Agreements
Political Geography:
South Africa, United Nations, and Durban

4. AB 32 and Climate Change: The National Context of State Policies for a Global Commons Problem

Author:
Robert N. Stavins
Publication Date:
02-2011
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Why should anyone be interested in the national context of a state policy? In the case of California's Global Warming Solutions Act (AB 32), the answer flows directly from the very nature of the problem— global climate change, the ultimate global commons problem. Greenhouse gases (GHGs) uniformly mix in the atmosphere. Therefore, any jurisdiction taking action—whether a nation, a state, or a city—will incur the costs of its actions, but the benefits of its actions (reduced risk of climate-change damages) will be distributed globally. Hence, for virtually any jurisdiction, the benefits it reaps from its climate-policy actions will be less than the cost it incurs. This is despite the fact that the global benefits of action may well be greater—possibly much greater—than global costs.
Topic:
Climate Change and Environment
Political Geography:
United States and California

5. Climate Change Policy: The Road to Buenos Aires

Author:
Jason Shogren, Robert N. Stavins, Kevin Hassett, and Eileen Claussen
Publication Date:
10-1998
Content Type:
Working Paper
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
When the United Nations Framework Convention on Climate Change met in Kyoto last December, the participating countries, including the United States, established a protocol for reducing emissions of greenhouse gases by developed countries. The U.S. Senate has not yet decided whether to ratify the agreement.
Topic:
International Relations, Climate Change, Environment, International Cooperation, International Law, and United Nations
Political Geography:
United States