California has clear lessons to offer the rest of the US and the world in energy efficiency achieved through persistent pressure on energy appliance standards and clever public regulation of its private energy companies. Energy efficiency is increasingly important if the task of de-carbonizing the power and transport systems of growing economies is not to […]
California’s plan to cap and trade emissions has survived the Republican onslaught at the ballot box. David Buchan explains its importance as North America’s first economy-wide cap and trade scheme, as the potential core of a regional system, and as a test bed for finding the right market/regulatory mix in climate policy.
This paper examines the impact of an emissions trading scheme (ETS) on industry output price costs emissions market shares and proits. We develop formulae for the number of emissions permits that have to be freely allocated to firms in order to neutralize any adverse impact the ETS may have on proits. Under quite general conditions […]
Carbon leakage is a major concern for policymakers involved with environmental initiatives such as the European Union’s emissions trading scheme and similar cap-and-trade proposals in the United States Australia and elsewhere. This paper provides a framework for understanding the drivers underlying carbon leakage at the level of an individual sector in which only a subset […]
In this OIES Energy and Environment Paper, Dr Benito Müller (Director Energy and Environment at the OIES) looks at the controversial additionality criterion of the Clean Development Mechanism, and discusses some of the arguments for and against it. The paper concludes with an alternative interpretation of additionality which may overcome some of the key concerns […]
Changes to the ‘Dated Brent’ benchmark: more to come https://t.co/gW10n8rPMi
New OIES paper looks at LNG projects vying for FID in 2019-20, reviews 5 areas, costs and competitiveness, and the… https://t.co/pz3UDcUcQU
Outlook for Competitive LNG Supply https://t.co/qmG43CklMw