ENVIRONMENT AND CLIMATE CHANGE
July 2009
"The Dynamics of Climate Agreements"
Discussion Paper
By Bard Harstad
This paper provides a novel dynamic model of private provision of public goods. The agents can also invest in cost-reducing technologies but, nevertheless, the Markov-Perfect Equilibrium (MPE) is unique and the analysis tractable. The non-cooperative outcome is compared to scenarios where the agents can contract on contributions investment), and the optimal contract is derived.
While the model fits a variety of contexts, the policy implications for climate agree- ments are particularly important. Environmental agreements (e.g. the Kyoto protocol) are typically specifying emissions but not investments in technology, since such e¤orts would be hard to verify. They often have a limited time horizon and future commitments remain to be negotiated.
AP Photo
July 21, 2009
Harvard Project on International Climate Agreements Receives Additional Funding from Doris Duke Charitable Foundation to Expand Research in Key Areas
Press Release
By Sasha Talcott, Director of Communications and Outreach
As global negotiators prepare to discuss the next international climate agreement in Copenhagen and beyond, the Doris Duke Charitable Foundation's Climate Change Initiative has awarded the Harvard Project on International Climate Agreements $600,000 over one year to significantly expand its research and policy outreach.
AP Photo
July 18, 2009
"How to Set Greenhouse Gas Emission Targets for All Countries"
Op-Ed, Vox
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
Is a credible multilateral climate change agreement feasible? This column says that such global cooperation is necessary and attempts to address the political hurdles. The proposed emissions reduction plan develops formulas to cap atmospheric concentrations of carbon dioxide at 500 ppm while obeying political constraints regarding cost, fairness, and timing.
AP Photo
July 14, 2009
"Will US-Japan Alliance Survive?"
Op-Ed, The Korea Times
By Joseph S. Nye, Harvard University Distinguished Service Professor
"...[T]he U.S.-Japan alliance will have to face a new set of transnational challenges to our vital interests, such as pandemics, terrorism, and human outflows from failed states. Chief among these challenges is the threat posed by global warming, with China having surpassed the U.S. as the leading producer of carbon-dioxide emissions (though not in per capita terms)."
Photo by Jeffrey Bielicki
Forthcoming
"Optimal Spatial Deployment of Carbon Dioxide Capture and Storage Given a Price on Carbon Dioxide"
Journal Article, International Regional Science Review, Special Issue for ISOLDE XI
By Michael J. Kuby, Jeffrey Bielicki, Former Research Fellow, Energy Technology Innovation Policy research group, 2006–2009 and Richard S. Middleton
Carbon dioxide capture and storage (CCS) links together technologies that separate carbon dioxide (CO2) from fixed point source emissions and transport it by pipeline to geologic reservoirs into which it is injected underground for long-term containment. Previously, models have been developed to minimize the cost of a CCS infrastructure network that captures a given amount of CO2. The CCS process can be costly, however, and large-scale implementation by industry will require government regulations and economic incentives. The incentives can price CO2 emissions, through a tax or a cap-and-trade system, or involve the purchase of CO2 by oil companies for enhanced oil recovery from depleted oil fields.
AP Photo
July 6, 2009
"Sharing Global CO2 Emission Reductions Among One Billion High Emitters"
Journal Article, Proceedings of the National Academy of Sciences of the United States of America
By Shoibal Chakravarty, Ananth Chikkatur, Associate, Energy Technology Innovation Policy, Heleen de Coninck, Stephen Pacala, Robert Socolow and Massimo Tavoni
The 1992 United Nations Framework Convention on Climate Change (UNFCCC) created a 2-tier world. It called upon the developed ("Annex I") countries to "take the lead" in reducing carbon emissions, and, under the principle of "common but differentiated responsibilities," established no time frame for developing countries to follow. However, a consensus is now emerging in favor of low stabilization targets. These targets cannot be achieved without the participation of developing countries, which today emit about half of global CO2 emissions and whose future emissions increase faster than the emissions of industrialized countries under "business as usual" scenarios.
June 2009
"Biofuels and Certification"
Discussion Paper
By Henry Lee, Director, Environment and Natural Resources Program and Charan Devereaux
Liquid biofuels can provide a substitute for fossil fuels in the transportation sector. Many countries have mandated the use of biofuels, by creating targets for their use. If not implemented with care, however, actions that increase biofuel production can put upward pressure on food prices, increase greenhouse gas (GHG) emissions, and exacerbate degradation of land, forest, and water sources. A strong global biofuels industry will not emerge unless these environmental and social concerns are addressed.
AP Photo
June 2009
"Addressing the Risks of Climate Change: The Politics of the Policy Options"
Paper
By Elaine Kamarck, Lecturer in Public Policy
Dr. Kamarck's paper explores some of the politics and pitfalls surrounding climate change policy, specifically carbon tax and cap-and-trade solutions. A carbon tax would directly tax the carbon content of fuels. A cap-and-trade system would set an overall cap for emissions and allow trading of emission permits between companies that more than meet their caps with those that don't. The analysis is intended to help decision makers and the public better understand some of the pros and cons associated with these particular climate policies.
AP Photo
February 2009
"Driving Carbon Capture and Storage Forward in China"
Journal Article, Energy Procedia, issue 1, volume 1
By Hengwei Liu, Associate, Energy Technology Innovation Policy research group and Kelly Sims Gallagher, Senior Associate, Energy Technology Innovation Policy research group
Carbon Capture and Storage (CCS), as an option in the portfolio of mitigation actions to combat climate change, is expected to have far-reaching implications for China. This paper (1) explores the strategic significance of CCS for China by making an extreme scenario analysis of Chinese power sector in 2030; (2) provides an overview of the recent CCS activities in China; and (3) identifies the major challenges with respect to CCS development in China and put forwards immediate strategies.
AP Photo
June 16, 2009
Harvard Project Participants Join Obama Administration
Highlight
By Robert C. Stowe, Executive Director, Harvard Environmental Economics Program; Manager, Harvard Project on International Climate Agreements
A number of individuals associated with the Harvard Project on International Climate Agreements have received appointments in the administration of President Barack Obama. The Project's former Co-Director, Joseph Aldy, is now Special Assistant to the President for Energy and the Environment, reporting to Carol Browner and Lawrence Summers. (Ms. Browner is Assistant to the President for Energy and Climate Change.) Professor Summers (on leave from Harvard) himself was a member of the Harvard Project's Faculty Steering Committee before becoming Director of the National Economic Council in the White House and Assistant to the President for Economic Policy. Jody Freeman, also a former member of the Harvard Project's Faculty Steering Committee and a Harvard Law School Professor (on leave of absence), is now Counselor for Energy and Climate in the White House, reporting to Carol Browner.
