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Begin New Search Political Geography Global Focus Content Type Working Paper Publishing Institution Belfer Center for Science and International Affairs, Harvard University Publication Year within 10 Years

1. The Political Economy of Carbon Pricing Policy Design

Author:
Joseph E. Aldy
Publication Date:
10-2017
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
This paper examines the choice between—and design of—CO2 cap-and-trade and tax policies through a political-economy lens. It draws from insights in economics and political economy to highlight important public policy principles and policy options in carbon-pricing policy design. The paper illustrates each of these insights with examples from cap-and-trade and tax-policy experiences. Revealed political preferences about carbon-pricing-policy design can, in practice, inform our understanding of how decision-makers weigh various policy principles, as well as policy objectives. The balance of the paper examines the following design choices: establishing and phasing-in policy targets; setting the point of compliance and scope of coverage; addressing uncertainties in emission and cost outcomes under carbon pricing; updating carbon-pricing targets over time; using revenue and other forms of economic value created by carbon pricing; mitigating adverse competitiveness impacts of pricing carbon; accounting for the existing, complex policy landscape in designing carbon pricing; and linking of carbon-pricing programs. The final section concludes with a discussion of policy implications and next steps for policy-relevant scholarship.
Topic:
International Political Economy, Climate Finance, and Global Political Economy
Political Geography:
Global Focus

2. American Nuclear Diplomacy

Author:
Daniel Poneman
Publication Date:
08-2016
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Today, as a species, we face two existential threats: nuclear annihilation and catastrophic climate change. Both stem from human origins. We need to fight both threats aggressively. There are many things we can and should do to tackle the climate threat, beginning with putting a price on carbon emissions, promoting market mechanisms that reward efficiency, leveling the playing field for all lower-carbon energy sources, and leveraging the Paris Climate Agreement into more effective international action. But even adding up all existing national commitments to curtail greenhouse gas emissions, and assuming perfect execution, the world falls far short of the cuts needed to avoid catastrophic climate change. The expanded use of nuclear energy can make a major contribution to closing that gap and meeting our climate goals. But inherent in the use of atomic fission is the risk that the technology and materials can be diverted to terrorists or hostile nations.
Topic:
Climate Change, Energy Policy, Environment, Human Welfare, Markets, Nuclear Weapons, International Security, and Global Markets
Political Geography:
Global Focus

3. American Nuclear Diplomacy

Author:
Daniel Poneman
Publication Date:
08-2016
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Today, as a species, we face two existential threats: nuclear annihilation and catastrophic climate change. Both stem from human origins. We need to fight both threats aggressively. There are many things we can and should do to tackle the climate threat, beginning with putting a price on carbon emissions, promoting market mechanisms that reward efficiency, leveling the playing field for all lower-carbon energy sources, and leveraging the Paris Climate Agreement into more effective international action. But even adding up all existing national commitments to curtail greenhouse gas emissions, and assuming perfect execution, the world falls far short of the cuts needed to avoid catastrophic climate change. The expanded use of nuclear energy can make a major contribution to closing that gap and meeting our climate goals. But inherent in the use of atomic fission is the risk that the technology and materials can be diverted to terrorists or hostile nations.
Topic:
Climate Change, Energy Policy, Environment, Human Welfare, Markets, Nuclear Weapons, International Security, and Global Markets
Political Geography:
Global Focus

4. American Nuclear Diplomacy

Author:
Daniel Poneman
Publication Date:
08-2016
Content Type:
Working Paper
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
Today, as a species, we face two existential threats: nuclear annihilation and catastrophic climate change. Both stem from human origins. We need to fight both threats aggressively. There are many things we can and should do to tackle the climate threat, beginning with putting a price on carbon emissions, promoting market mechanisms that reward efficiency, leveling the playing field for all lower-carbon energy sources, and leveraging the Paris Climate Agreement into more effective international action. But even adding up all existing national commitments to curtail greenhouse gas emissions, and assuming perfect execution, the world falls far short of the cuts needed to avoid catastrophic climate change. The expanded use of nuclear energy can make a major contribution to closing that gap and meeting our climate goals. But inherent in the use of atomic fission is the risk that the technology and materials can be diverted to terrorists or hostile nations.
Topic:
Climate Change, Energy Policy, Environment, Human Welfare, Markets, Nuclear Weapons, International Security, and Global Markets
Political Geography:
Global Focus