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32. Reducing the U.S. Transportation Sector's Oil Consumption and Greenhouse Gas Emissions
- Author:
- Henry Lee, Kelly Sims Gallagher, W. Ross Morrow, and Gustavo Collantes
- Publication Date:
- 03-2010
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- Harder Than it Looks. Reducing oil consumption and carbon emissions from transportation is a much greater challenge than conventional wisdom assumes. It will require substantially higher fuel prices, ideally in combination with more stringent regulation. Higher Gasoline Prices Essential. Reducing carbon dioxide (CO2) emissions from the transportation sector 14% below 2005 levels by 2020 may require gas prices greater than $7/gallon by 2020. Tax Credits Expensive. While relying on subsidies for electric or hybrid vehicles is politically seductive, it is extremely expensive and an ineffective way to significantly reduce greenhouse gas emissions in the near term. Climate and Economy Not a Zero Sum Game. Aggressive climate change policy need not bring the economy to a halt. Even under high-fuels-tax, high-carbon price scenarios, losses in annual GDP, relative to business-as-usual, are less than 1%, and the economy is still projected to grow at 2.1-3.7% per year assuming a portion of the revenues collected are recycled to taxpayers.
- Topic:
- Climate Change and Oil
- Political Geography:
- United States
33. Towards a Breakthrough for Deadlocked Climate Change Negotiations
- Author:
- Akihiro Sawa
- Publication Date:
- 12-2010
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- With the gap between developed and developing nations remaining unclosed, post-Kyoto Protocol negotiations have run into rough waters: Developing countries insist that developed countries be committed to more ambitious targets for the second phase of the Kyoto Protocol and provide large amounts of financial or technological assistance to developing countries, while developed countries propose that financial and technological support be balanced with developing countries' mitigation actions and measurement, reporting, and verification (MRV).
- Topic:
- Climate Change, International Cooperation, and Treaties and Agreements
34. The International Climate Change Regime: The Road from Copenhagen
- Author:
- Daniel Bodansky
- Publication Date:
- 10-2010
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The failure of the Copenhagen conference to adopt a new legal agreement on climate change is blamed by some on poor chairing or other transitory factors. But the problems with the UN climate-change negotiations are more fundamental and are unlikely to go away anytime soon. Rather than putting all of our eggs in the UN Framework Convention on Climate Change (UNFCCC) basket or listening to the siren song of a new legal agreement, states should seek to address climate change in additional forums and through additional means.
- Topic:
- Climate Change, Energy Policy, Treaties and Agreements, and United Nations
35. Options for Reforming the Clean Development Mechanism
- Publication Date:
- 08-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The Clean Development Mechanism (CDM)-established by the Kyoto Protocol of the U.N. Framework Convention on Climate Change-is an emissions offset program that allows industrialized countries to receive credits for funding emissions reduction projects in developing countries. The program is intended to provide a cost-effective way for industrialized countries to reduce greenhouse gas emissions, while at the same time supporting sustainable development in developing countries. However, the CDM has been criticized for its lengthy and expensive project approval procedures, its exclusion of many categories of potentially important mitigation activities, and its methodologies for calculating whether projects actually reduce greenhouse gas emissions. In response to these problems, this Issue Brief presents a variety of options for reforming the CDM.
- Topic:
- Climate Change, Energy Policy, Environment, and Treaties and Agreements
- Political Geography:
- China, India, and Brazil
36. A Proposal for a Global Upstream Emission Trading System (UGETS)
- Author:
- Akinobu Yasumoto and Mutsuyoshi Nishimura
- Publication Date:
- 09-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- An effective policy approach to climate change would be a global emission trading system. Opinions differ, however, as to what approach should be pursued when fostering a global emissions trading system. Many argue in favor of linking various national and regional emission trading systems as a possible way forward. However, an alternative method, which involves developing a new system from the ground up, could prove more advantageous. Under an Upstream Global Emission Trading System (UGETS), all nations would use an upstream emissions trading system that would result in far fewer monitoring points than a downstream system. A nation would only need to keep track of domestic shipments and imports of fossil fuels.
- Topic:
- International Relations, Climate Change, Energy Policy, Environment, and International Cooperation
- Political Geography:
- Europe
37. The Dynamics of Climate Agreements
- Author:
- Bård Harstad
- Publication Date:
- 07-2009
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- I provide a novel dynamic model with private provision of public bads and investments in technologies. The analysis is tractable and the MPE unique. By adding incomplete contracts, I derive implications of and for international climate treaties. While the non-cooperative equilibrium is bad, short-term agreements are worse due to hold-up problems. A long-term agreement should be more ambitious if it is relatively short-lasting and the technological externality large. The length itself should increase in this externality. With renegotiation, the outcome is first best. The technological externalities are related to trade agreements, making them strategic substitutes to climate treaties.
- Topic:
- Climate Change, Energy Policy, Environment, and Treaties and Agreements
38. Addressing the Risks of Climate Change: The Politics of the Policy Options
- Author:
- Elaine Kamarck
- Publication Date:
- 06-2009
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- It often takes a long time for a policy issue to get to the point where all the complex factors required for change through the American political process come together. Take health care. President Harry Truman advocated universal health care for all Americans in the late 1940s, universal health care was provided for senior citizens and the poor in 1965, and now we are well into the 21st century and still arguing about whether and how to guarantee health care coverage for all Americans.
- Topic:
- Climate Change, Energy Policy, and Environment
- Political Geography:
- United States and America
39. Achieving Comparable Effort through Carbon Price Agreements
- Author:
- Warwick McKibbin, Peter Wilcoxen, and Adele Morris
- Publication Date:
- 12-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The United Nations Framework Convention on Climate Change (UNFCCC)'s 2007 Bali Plan of Action calls for the next agreement to ensure the "comparability of efforts" across developed countries while "taking into account differences in their national circumstances." Trends in national emissions and economic growth vary widely between countries, as do yearto-year fluctuations around those trends. This means that achieving similar reductions relative to historical base years can require very different levels of efforts in different countries. These differences have greatly hampered climate cooperation because it means that commitments that are similar in effort look inequitable. Further, divergent underlying trends make it difficult to know the effort that any particular commitment will require. The failure of the G-8 to set a base year for its agreed 80 percent reduction of emissions by 2050 illustrates the contention in formulating even collective targets.
- Topic:
- Climate Change, Economics, Energy Policy, and Treaties and Agreements
40. Climate Finance: Key Concepts and Ways Forward
- Author:
- Benedict Kingsbury, Richard B. Stewart, and Bryce Rudyk
- Publication Date:
- 12-2009
- Content Type:
- Policy Brief
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- Climate finance is fundamental to curbing anthropogenic climate change. Compared, however, to the negotiations over emissions reduction timetables, commitments, and architectures, climate finance issues have received only limited and belated attention. Assuring delivery and appropriate use of the financial resources needed to achieve emissions reductions and secure adaptation to climate change, particularly in developing countries, is as vital as agreement on emission caps. Yet, a comprehensive framework on financing for mitigation and adaptation is not in sight. Developed and developing countries cannot agree on even the fundamentals of what should be included (e.g. should private finance through carbon markets be included?), let alone the level and terms of financing commitments, regulatory and other mechanisms, or governance structures.
- Topic:
- Climate Change, Energy Policy, and Treaties and Agreements
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