Economic Protection Plan for Carbon Trading Markets
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EVENT: Conquering Cost: Evaluating Optimal Policy Approaches to the Cost of Climate Change
As the U.S. Senate continues work on a comprehensive legislative vehicle, concerns about “cost” remain central to the discussion. Cost as a term serves as an umbrella for a number of issues, such as the overall effect of climate policy on the nation’s gross domestic product and the effect of policy on the competitiveness of sensitive industries. To explore this issue more deeply, the Nicholas Institute for Environmental Policy Solutions is holding a half-day, invitation-only workshop on Monday, October 5, 2009. learn more > -
Working Group on Early Offsets Implementation
The American Clean Energy and Security Act (HR 2454), as passed by the House of Representatives, includes several provisions to help contain the cost of the bill. The Nicholas Institute is holding a series of workshops with various stakeholders to examine these cost containment measures in three broad areas: offsets, a strategic allowance reserve, and provisions to protect the competitiveness of domestic industry. The Nicholas Institute has convened a Working Group to explore issues concerning offsets raised during the first workshop. learn more >memo # 1: Background information and questions for first call >
memo # 2: Summary of discussion from the first call and questions for the next call >
memo # 3: Summary of discussion from the second call >
memo # 4: Discussion questions for third call > - Conquering Cost: Optimal Policy Approaches to the Cost of Climate Change Workshop Briefing Memo
Full memo >
Executive Summary >Presentation Slides
“Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade” -
August 2008
On efficiency grounds, the economics community has tended to ephasize price-based policies to address climate change -- such as taxes or a "saftey valve" price ceiling for cap-and-trade -- while environmental advocates have sought a more clear, quantitative limit on emissions. This working paper presents a simple modification to the idea of a safety valve: a quantitative limit called an "allowance reserve" which may bridge the gap between these competing interests and potentially improve efficiency relative to tax or other price-based policies.
read working paper >
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EVENT: Managing Costs in a U.S. GHG Trading Program: Issues, Options, and Implementation
learn more > -
COST CONTAINMENT FOR THE CARBON MARKET: A PROPOSAL
download the white paper > -
Four U.S. Senators Introduce Economic Relief Plan For U.S. Carbon Market With Assistance From Duke University’s Nicholas Institute
A bipartisan group of U.S. Senators considered critical to the passage of legislation to limit U.S. greenhouse gas emissions today offered a proposal to reduce costs and provide oversight to the new emissions permit trading market. The plan was developed jointly with the Nicholas Institute for Environmental Policy Solutions of Duke University.
read press release > -
Cost Control Mechanism
download the Bill > -
Congressional Testimony
Timothy H. Profeta, Director of the Nicholas Institute:
video of testimony > | transcript of testimony > - Release from Senators Landrieu, Graham, Lincoln and Warner >
For more information, contact Nicole St. Clair Knobloch, Associate Director,
Washington Office, Nicholas Institute, Nicole.StClair@duke.edu
