The authors explore relationships among emissions-reduction commitments, investment in low-carbon technology, border-carbon adjustments, and international collaboration to address climate change.
This discussion paper explores the potential adverse impacts of unilateral climate policies on domestic energy-intensive and trade-exposed industries.
March 20, 2014
By Bryan Galcik
Harvard Project on Climate Agreements Director Robert N. Stavins delivered a presentation, "Be Careful What You Wish for—Lessons from U.S. Cap-and-Trade Experience," in Brussels, Belgium, on February 12–13, 2014, at The European Emissions Trading System—Taking Stock, Looking Forward: Options for Reform workshop.
February 27, 2014
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
Market-based mechanisms such as cap-and-trade can tackle externality problems more efficiently than command-and-control regulations. However, the United States and, to a lesser degree, Europe have retreated from cap-and-trade in recent years. This column explores parallels between market-based environmental regulation and market-based health-insurance reform. The author argues that in practice, the alternative to market-based regulation is not an absence of regulation, but rather the return of inefficient mandates and subsidies.
The comparability of domestic actions to mitigate global climate change has important implications for the stability, equity, and efficiency of international climate agreements. the authors examine a variety of metrics that could be used to evaluate countries' climate change mitigation effort and illustrate their potential application for large developed and developing countries.
"The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond"
The authors evaluate the consistency of economic incentives and climate objectives in Europe, with regard to energy markets. In this context, they examine policy interactions between the EU-ETS and Europe's renewable target—and the role of natural gas in a transition to a low-carbon economy.
Does temperature affect economic performance—and has it always affected social welfare through its impact on physical and cognitive function? This paper presents a model of labor supply under thermal stress, building on a longstanding physiological literature linking thermal stress to health and task performance.