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2. How to Reduce Greenhouse Gas Emissions Now
- Author:
- Mary Graham and Elena Fagotto
- Publication Date:
- 05-2007
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Support is growing in the 110th Congress for legislation to counter climate change. Yet action on any of the major cap-and-trade proposals will leave a critical policy gap. None of the proposed systems would take full effect for at least five years. Meanwhile, U.S. greenhouse gas emissions continue to increase and company executives are locking in future emissions as they finalize plans for new power plants, factories and cars. The Administration's latest climate action report, circulated in draft in March 2007, estimates that a 19 percent increase in U.S. emissions between 2000 and 2020 will contribute to persistent drought, coastal flooding and water shortages in many parts of the country and around the world. This policy brief proposes that Congress legislate product-by-product and factory-by-factory disclosure of greenhouse gas emissions to create immediate incentives for companies to cut those emissions. Labeling products and disclosing factory emissions would provide market benefits now by exposing inefficiencies and informing the choices of investors, business partners, employees and consumers and would give companies the information base they need to prepare for cap-and-trade regulation.
- Topic:
- Development, Energy Policy, Environment, and Science and Technology
- Political Geography:
- United States
3. The Russian Federation
- Author:
- Fiona Hill, Clifford G. Gaddy, Dmitry Ivanov, and Igor Danchenko
- Publication Date:
- 10-2006
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Energy is at the heart of Russia's remarkable change of fortune over the past seven years. Emerging from a state of virtual bankruptcy in August 1998, the country now enjoys large surpluses, has inverted its debt burden with the outside world, and has racked up successive years of economic growth and low inflation. This dramatic turnaround is directly related to Russia's status as the world's largest producer of oil and natural gas—the country has benefited tremendously from soaring prices on the world market.
- Topic:
- Development, Emerging Markets, and Energy Policy
- Political Geography:
- Russia, Europe, and Asia
4. Untangling China's Quest for Oil through State-backed Financial Deals
- Author:
- Erica Downs and Peter C. Evans
- Publication Date:
- 05-2006
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- The efforts of China's national oil companies to secure upstream oil assets abroad have attracted attention from U.S. officials and policymakers. Congress has taken notice, as indicated by the request of the Chairman of the U.S. House of Representatives Resources Committee Richard W. Pombo—triggered by the bid made by China National Offshore Oil Corporation Ltd. for Unocal in 2005—for a study by the Department of Energy of the economic and national security implications of China's energy demand. The report, released in February 2006, concludes that the foreign investments of China's national oil companies do not pose an economic challenge to the U.S. However, one issue the report mentions only in passing that merits further attention is how the Chinese government's financial support for some of these investments can undermine an open and competitive world oil market.
- Topic:
- Security, Economics, and Energy Policy
- Political Geography:
- United States, China, and Asia