Archive for July, 2009

An excellent study, by Dr. Tao Wang and Dr. Jim Watson of the Tyndall Research Centre, looks at the development paths necessary to substantially reduce China’s greenhouse gas emissions over the long-term. The study is a culmination of three years of research and it is probably the most thoughtful and comprehensive study of its kind […]


In this piece I look at the strengths and weaknesses of the cap-and-trade provisions under the Waxman-Markey bill and the lessons that European policymakers could learn from the US approach. Strengths Coverage The Waxman-Markey provisions cover all six greenhouse gases and 86 percent of US GHG emissions. Once we take into account the inclusion of […]


The following graphs provide some insights into the disposition of allowances under the Waxman-Markey bill.  The graphs illustrate just how innovative US policy makers have been in their distribution of allowances under the cap-and-trade provisions of the bill. US policy makers have made the most of the valuable resource that allowances represent. They have drafted […]


A very quick comparison of the proposed Waxman-Markey Cap-and-Trade Scheme, the EU Emissions Trading Scheme and the Carbon Pollution Reduction Scheme in Australia. ELEMENT WAXMAN-MARKEY EU ETS CPRS EMISSIONS TARGETS 3% below 2005 levels by 2012. 20% below 2005 levels by 2020. 83% below 2005 levels by 2050. 21% below 2005 levels by 2020 in […]