Posts tagged carbon emissions
The Inflation Reduction Act: One Year On
The Inflation Reduction Act: One Year On

One year ago, President Biden passed the Inflation Reduction Act (IRA). The IRA is widely acknowledged as the biggest climate legislation in U.S. history ($392 billion). It serves a dual purpose: to halve U.S. emissions by 2030 from 2005 levels, and to stimulate the economy and national competitiveness. The IRA is an important step in the right direction but only one of many to be taken.

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Climate Policy LabAuthor - Siddharth Jain, 2023, Inflation Reduction Act, low carbon growth, Climate Policy, climate finance, climate change, carbon emissions
Explaining China’s Emissions Trading System, Now the World’s Largest Carbon Market
Explaining China’s Emissions Trading System, Now the World’s Largest Carbon Market

Market-based policy tools like the emissions trading system are a new endeavor for China, which has generally relied on command-and-control policies to regulate the environmental protection since the establishment of pollutant discharge fees in 1978. However, new approaches became more pressing as air pollution rose to be a major focus of Chinese society starting in 2008 and concerns about climate change issues increased over time.

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Climate SmartClimate Policy LabHengrui Liu, carbon pricing, carbon emissions, 2021, China, emissions trading, emissions trading systems, market based policy tools, carbon market, emissions cap, cap and trade, policy incentives, carbon leakage, decarbonization, climate policy performance, climate finance, US, European UnionComment