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Friday November 20, 2009

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VIDEO

Save to My PortfolioThe Global Recession and Climate Change

Warwick J. McKibbin, November 13, 2009

Delaying national commitments to reach reduced greenhouse gas emissions will be more costly for national governments in the long run. Nonresident Senior Fellow Warwick McKibbin says the floundering global economy is a critical factor in what actions can be taken now.

RESEARCH AND COMMENTARY

Save to My PortfolioCan We Build Our Way to Reduced Carbon Emissions?

Christopher B. Leinberger, November 13, 2009, The Brookings Institution

Can We Build Our Way to Reduced Carbon Emissions?The Senate Environment and Public Works Committee's climate change bill ignores the demand side of the equation which focuses on changing the built environment—the nations’ buildings and transportation systems, says Christopher Leinberger. He calls for policy that promotes demand mitigation measures so more Americans will use less energy and emit less greenhouse gases where they live, work and recreate. Read More

PAST EVENT

Save to My PortfolioDesigning a Cap-and-Trade System for the United States

Wednesday, November 04, 2009
3:30 PM to 5:00 PM
Washington, DC

Designing a Cap-and-Trade System for the United StatesAs attention to U.S. climate legislation has been increasing on Capitol Hill, Brookings hosted a discussion on a new series of papers on U.S. climate policy design. These papers acknowledge the complexity inherent in climate policy; explain the fundamental challenges involved in addressing a particular set of design features; and suggest a credible path forward, calling attention to tradeoffs where they exist. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCap-and-Trade Costs: Place Matters

Mark Muro and Jonathan Rothwell, November 03, 2009, The Brookings Institution

Cap-and-Trade Costs: Place MattersMuch is in question today as Senate Environment and Public Works Committee chairman Barbara Boxer tries to push ahead with work on climate-change legislation, with Republicans threatening a boycott of the markup. Mark Muro and Jonathan Rothwell examine the costs of cap-and-trade regulations for the U.S. economy and families. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioU.S. Industry and Cap-and-Trade: Designing Provisions to Maintain Domestic Competitiveness and Mitigate Emissions Leakage

Carolyn Fischer and Richard Morgenstern, October 26, 2009, The Brookings Institution

A number of climate policy observers and U.S. policymakers have expressed concerns about the implications of climate policy for the U.S. industrial base. In this paper, Carolyn Fischer and Richard Morgenstern show that specific concerns about industrial competitiveness and emissions leakage could be realistically addressed in the context of a cap-and-trade system without unduly distorting the incentives that are essential to realizing an economically efficient outcome. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioEquity and Efficiency in Cap-And-Trade: Effectively Managing the Emissions Allowance Supply

Adele Morris, October 26, 2009, The Brookings Institution

Equity and Efficiency in Cap-And-Trade:  Effectively Managing the Emissions Allowance SupplyA cap-and-trade system of the sort envisioned by the current generation of Congressional proposals would create a new market in carbon allowances worth potentially hundreds of billions of dollars. In this paper, Adele Morris discusses the likely distributional implications of a U.S. cap-and-trade system and how policymakers could manage these implications by altering the way in which allowances or allowance revenues are distributed throughout the broader economy. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe Senate Climate Wrangle Begins

Mark Muro and Sarah Rahman , October 01, 2009, The Avenue, TNR.com

The Senate Climate Wrangle BeginsSenators Kerry and Boxer recently unveiled their climate bill calling for the creation and funding of a string of energy innovation hubs that are dedicated to clean energy technology development and deployment. Mark Muro and Sarah Rahman reviewed the bill—especially as it impacts metro and regional areas—and noted its similarities and differences with the House of Representative's climate bill, Waxman-Markey. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioU.S.-China Clean Energy Cooperation: The Road Ahead

Kenneth G. Lieberthal, September 21, 2009, The Brookings Institution

U.S.-China Clean Energy Cooperation: The Road AheadPresident Obama met with China’s President Hu Jintao at the UN General Assembly last week and they will meet again in November in Beijing. Kenneth Lieberthal analyzes the politics of U.S.-China cooperation, recommends how to structure a bilateral agreement on clean energy, and describes how the two countries can work together to shape a more successful UN climate change conference in Copenhagen. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioMarket Oversight for Cap-and-Trade: Efficiently Regulating the Carbon Derivatives Market

Craig Pirrong, September 17, 2009, The Brookings Institution

Craig Pirrong writes that current legislative attempts to regulate derivatives trading in the climate and energy context are severely misguided. While arguing that the ex post enforcement regime should be strengthened to deter price manipulation, he suggests that overly restrictive clearing and exchange requirements will dramatically increase the costs of managing carbon price risk. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioEmissions Targets in Cap-and-Trade: Choosing Reduction Goals Compatible with Global Climate Stabilization

Bryan K. Mignone, September 17, 2009, The Brookings Institution

Binding greenhouse gas emissions targets are the backbone of any cap-and-trade system, but the appropriate stringency of domestic reductions remains an unresolved issue in US legislation. In this paper, Bryan Mignone shows how available scientific information could be coupled with a variety of judgments about climate risk and international burden-sharing to yield a plausible range of domestic cap-and-trade targets. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCost Containment for Cap-and-Trade: Designing Effective Compliance Flexibility Mechanisms

Bryan K. Mignone, September 17, 2009, The Brookings Institution

Concerns about the economic costs of climate policy and the potential for volatility in the future carbon market have led to a proliferation of possible mechanisms to mitigate these concerns. Bryan Mignone shows how a coherent "cost containment" policy could be constructed by considering two key substantive objectives – price stability and cost viability – and then tailoring policy instruments to meet these objectives. Read More

PAST EVENT

Save to My PortfolioBeyond the Smart Grid: Challenges in the Electricity Markets

Friday, September 11, 2009
8:45 AM to 1:00 PM
Washington, DC

On September 11, the Brookings Institution’s Energy Security Initiative and Metropolitan Policy Program hosted a discussion on the challenges of modernizing the electricity grid. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCarbon Offsets, Reversal Risk and U.S. Climate Policy

Bryan K. Mignone, Matthew D. Hurteau, Yihsu Chen and Brent Sohngen, July 10, 2009, The Brookings Institution

One controversial issue in the larger cap-and-trade debate is the proper use and certification of carbon offsets related to changes in land management. Bryan Mignone, Matthew Hurteau, Yihsu Chen and Brent Sohngen show how reversal risk associated with such instruments could be properly internalized in a crediting framework and how this framework itself could be used to manage prices in the future carbon market. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCarbon Offsets and the Emerging Climate Coalition

Bryan K. Mignone, July 09, 2009, The Hill

Carbon Offsets and the Emerging Climate Coalition As the Senate discusses the Waxman-Markey bill, Brian Mignone writes that architects of climate policy would do well to heed key lessons from the House debate. Mignone believes well-designed guidelines toward carbon offsets should enhance three key objectives, including political support for cap-and-trade, and preserve or enhance the environmental integrity of the broader policy. Read More

PAST EVENT

Save to My PortfolioThe Economic Impact of Climate Change Reduction Strategies

Monday, June 08, 2009
10:30 AM to 12:00 PM
Washington, DC

The Economic Impact of Climate Change Reduction StrategiesOn June 8, the Brookings Institution hosted a preview of a forthcoming report on the economic impact of climate change reduction strategies by Brookings experts Warwick McKibbin, Adele Morris and Peter Wilcoxen. Read More

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ExpertFederiga Bindi

Federiga Bindi is a leading expert on European political integration. She has a broad experience in government and held a number of posts in international organizations. Bindi currently serves as an advisor to the Italian Minister of Foreign Affairs. Her research focuses on the EU, transatlantic relations; EU states foreign policies, global governance issues.

ExpertTed Gayer

Ted Gayer is the co-director of the Economic Studies program and the Joseph A. Pechman Senior Fellow at the Brookings Institution. He conducts research on a variety of economic issues, focusing particularly on public finance, environmental and energy economics, housing, and regulatory policy.

TopicEducation

The economic and political well-being of any society requires a well-educated citizenry. Brookings’s work extends beyond the K-12 bookends to include pre-school interventions, higher education and the challenges of education in developing countries.

Policy CenterEngelberg Center for Health Care Reform

The Engelberg Center for Health Care Reform provides practical solutions to achieve high-quality, innovative, affordable health care with particular emphasis on identifying opportunities on the national, state and local levels.

TopicHealth Care

Brookings is committed to producing innovative policy solutions to our nation’s most difficult challenges. The country may face no more important domestic policy challenge than the much-needed reform of our health care system. Through an institution-wide effort, Brookings delivers new ideas and offers policy solutions to improve health care both at home and globally.

ExpertMwangi S. Kimenyi

Mwangi S. Kimenyi is a senior fellow with the Africa Growth Initiative. He focuses on Africa's development, including institutions for economic growth, the political economy, and private sector development.

Policy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

ExpertAmy Liu

Amy Liu is deputy director of the Brookings Metropolitan Policy Program. Her policy studies include economic competitiveness, metropolitan growth and development, governance reforms, urban reinvestment, and social equity.

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is an adjunct professor in the Security Studies Program at Georgetown University’s School of Foreign Service.

ExpertDomenico Lombardi

As president of the Oxford Institute for Economic Policy, Domenico Lombardi’s work at Brookings focuses on the international financial crisis and the reform of the IMF and the World Bank. He is an expert on G-20 and G8 Summits.

ExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

ExpertMark McClellan

Mark McClellan works on promoting high-quality, innovative and affordable health care. Once commissioner of the Food and Drug Administration and administrator of the Centers for Medicare & Medicaid Services, Dr. McClellan now directs the Engelberg Center for Health Care Reform.

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare and how citizens and public servants can advance sound governance.

Research ProjectBrookings-Bern Project on Internal Displacement

The Brookings-Bern Project on Internal Displacement monitors displacement problems worldwide, works with governments, regional bodies, international organizations and civil society to create more effective policies and institutional arrangements for Internally Displaed Persons.

Research ProjectLatin America Initiative

The Latin America Initiative provides high-quality, in-depth, and independent research across a range of economic and political issues, and offers policy recommendations aimed at U.S. and Latin American policymakers.

ExpertIsabel V. Sawhill

A nationally known budget expert, Isabel Sawhill focuses on domestic poverty and federal fiscal policy. She is also co-director of the Center on Children and Families at Brookings.