Institute for Policy Integrity

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Publications

Viewing all publications in Academic Articles/Working Papers
  • The Social Cost of Carbon: A Global Imperative
    Academic Article/Working Paper

    The Social Cost of Carbon: A Global Imperative

    By Richard L. Revesz, Jason A. Schwartz, Peter H. Howard, Kenneth Arrow, Michael A. Livermore, Michael Oppenheimer, and Thomas Sterner
    March 11, 2017

    To solve the unprecedented global commons problem posed by climate change, all nations must internalize the global externalities of their emissions. If not, collective efforts will never achieve an efficient, stable climate outcome. The United States’ practice of looking at the global impact of emissions has come under attack in courtrooms and academic journals, with some arguing that the U.S. should instead consider only the domestic impacts of climate change in its decisionmaking.

    In a letter published in Review of Environmental Economics and Policy, we argue that federal agencies should continue to use a global number for Social Cost of Carbon, as developed by the Interagency Working Group on Social Cost of Carbon. First, the United States benefits tremendously if other countries set policy based on global rather than local effects. From a legal perspective, not only does international law—the U.N. Framework Convention on Climate Change—commit the United States to account for global effects, but domestic laws like the Clean Air Act and the National Environmental Policy Act also either require or give discretion to agencies to consider global climate costs. Many seemingly “foreign” climate damages would actually spill over to harm the United States.

  • Think Global
    Academic Article/Working Paper

    Think Global

    International Reciprocity as Justification for a Global Social Cost of Carbon

    By Peter H. Howard and Jason A. Schwartz
    August 16, 2016

    U.S. climate regulations present a special case of federal agencies applying a global, rather than exclusively domestic, perspective to the costs and benefits in their regulatory impact analyses. Since 2010, federal agencies have emphasized global valuations of climate damages for policies that affect carbon dioxide emissions, using a metric called the “Social Cost of Carbon.” More recently, agencies have also begun to use a global valuation of the “Social Cost of Methane,” for methane emissions. Yet lately, these global metrics have come under attack in courtrooms and academic journals, where opponents have challenged the statutory authority and economic justification for global values. This paper defends a continued focus on the global effects of U.S. climate policy, drawing on legal, strategic, and economic arguments.

  • Next Steps to Reform the Regulations Governing Offshore Oil and Gas Planning and Leasing
    Academic Article/Working Paper

    Next Steps to Reform the Regulations Governing Offshore Oil and Gas Planning and Leasing

    By Andrew Hartsig, Michael Levine, Jayni Foley Hein, and Jason Schwartz,
    June 22, 2016

    In this Article, we argue that fundamental reform is necessary and highlight a series of key themes and topics that must be addressed to improve the regulatory process and promote better, more consistent management outcomes. While the Article draws on examples from frontier areas-in particular the U.S. Arctic Ocean-the recommended changes would apply to and benefit all areas of the OCS.

  • Legal Pathways to Reducing Greenhouse Gas Emissions Under Section 115 of the Clean Air Act
    Academic Article/Working Paper

    Legal Pathways to Reducing Greenhouse Gas Emissions Under Section 115 of the Clean Air Act

    By By Michael Burger, Ann E. Carlson, Michael B. Gerrard, Jayni Foley Hein, Jason A. Schwartz, Keith J. Benes
    June 12, 2016

    The most efficient legal tool for addressing U.S. climate pollution can likely be found in an unused provision of the Clean Air Act. Section 115 of the Act, titled “International Air Pollution,” authorizes the EPA to develop and implement an economy-wide, market-based program to reduce domestic greenhouse gas emissions. This article, jointly authored by a team of law professors and attorneys at three of the country’s leading institutes focused on climate change and environmental law, offers an in-depth analysis of Section 115, which would provide the most flexible approach for achieving the targets from the Paris climate agreement.

  • Balancing on the Grid Edge
    Academic Article/Working Paper

    Balancing on the Grid Edge

    Regulating for Economic Efficiency in the Wake of FERC v. EPSA

    By Denise Grab
    April 14, 2016

    This new article from senior attorney Denise Grab is featured in a special edition of the Harvard Environmental Law Journal that focuses on the Supreme Court’s FERC v. EPSA case.