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Viewing recent projects in Climate and Energy Policy
  • Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy Cover

    Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy

    With an absence of federal leadership on climate change, many states have worked to reduce greenhouse gas emissions on their own, often by incorporating a broader range of considerations into electricity policy. Our report assesses the potential to expand the valuation of climate damages in state electricity policy using Social Cost of Carbon metrics. We examine existing statutes and regulations in all 50 states to identify opportunities for valuing climate impacts around the country.

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  • Colorado Senate Testimony on the Social Cost of Carbon

    Colorado is considering a major overhaul of its electric resource planning rules and renewable energy standards. Jason Schwartz recently provided testimony in a Senate hearing on the reauthorization of the state’s Public Utilities Commission as part of this overhaul. Schwartz spoke about a possible requirement for the PUC to weigh the social costs of pollution in its decisions. Coloradoans, he explained, are paying the costs of climate pollution in the form of more dangerous wildfires, agricultural damages, declining snowpack, and a range of severe health effects. Many of these important costs can be quantified. In his testimony, Schwartz recommended that the PUC uses Social Cost of Greenhouse Gases metrics when evaluating energy resources in order to improve public welfare.

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  • Comments to EPA on Revised Emissions Standards for New Power Plants

    The Environmental Protection Agency (EPA) recently proposed a significant weakening of greenhouse gas emissions standards for new coal-fired power plants. We submitted comments focusing on flaws in the proposal and accompanying regulatory impact analysis.

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  • New Tracking Resource: Health and Environmental Benefits Threatened by Deregulation

    Our new tracking resource tallies the benefits to public health and the environment that are at risk due to regulatory repeals, delays, and revisions. Since 2017, numerous environmental rules have been the subject of the Trump administration’s deregulatory agenda. The original rules highlighted in our document were economically justified, meaning each was supported by a detailed account of its monetized benefits to the American public, which outweighed projected costs. Now, as the administration works to undo these rules, a wide range of crucial benefits could be lost. Our resource provides information on the kinds of benefits at risk, monetized gross and net benefit estimates, and other unquantified health and environmental effects of several federal rules.

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  • Sociopolitical Feedbacks and Climate Change Cover

    Sociopolitical Feedbacks and Climate Change

    This article, published in the Harvard Environmental Law Review, investigates sociopolitical feedbacks in the economy-climate system. These feedbacks occur when climate change affects the social or political processes that determine mitigation or adaptation levels, which in turn affect future climate damages. Two possible feedbacks are an economic disruption pathway and a political disruption pathway. In both, climate damages earlier in time undermine mitigation and adaptation policies, which exacerbates future climate damages. Using data on participation in multilateral environmental agreements, the article explores the political disruption pathway.

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  • Environmental Standards, Thresholds, and the Next Battleground of Climate Change Regulations Cover

    Environmental Standards, Thresholds, and the Next Battleground of Climate Change Regulations

    This article, published in the Minnesota Law Review, addresses a central battleground of the debate about the future of greenhouse gas regulations: the valuation of particulate matter reductions that accompany reductions in carbon dioxide emissions. The benefits from particulate matter reductions are substantial for climate change rules, accounting for almost one half of the quantified benefits of the Obama Administration’s Clean Power Plan. These benefits are also significant for regulations of other air pollutants, making this issue one of far-reaching importance for the future of environmental protection.

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  • Comments on New Jersey Rejoining the Regional Greenhouse Gas Initiative

    New Jersey is proposing a new state carbon emissions trading program, which means it will rejoin the Regional Greenhouse Gas Initiative (RGGI). RGGI is a cooperative effort among northeastern states to reduce carbon emissions from the electric power sector through allowance trading. New Jersey previously left the initiative in 2011. RGGI expansion promises several benefits, such as improved market efficiency, increased competitiveness, and lower carbon reduction costs. We submitted comments to both RGGI and New Jersey on how to best reintegrate the state.

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  • Comments to FERC on Adelphia Gateway Pipeline Project

    The Federal Energy Regulatory Commission (FERC) recently released an Environmental Assessment (EA) for the Adelphia Gateway Project. FERC quantifies nearly 90,000 tons per year of direct carbon dioxide-equivalent emissions, but offers no meaningful analysis of the pipeline’s climate impacts. We submitted joint comments urging FERC to better weigh the significance of project’s impacts using the social cost of greenhouse gases methodology.

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  • Comments to FERC on Annova Natural Gas Project

    In the Federal Energy Regulatory Commission’s (FERC) Environmental Impact Statement (EIS) for the Annova LNG Brownsville Project, the agency quantifies over 350,000 tons per year of direct operational carbon dioxide-equivalent emissions from the proposed natural gas terminal. But FERC fails to provide meaningful analysis of the resulting climate impacts. We submitted joint comments urging FERC to better contextualize the project’s impacts using the social cost of greenhouse gases methodology.

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  • A Lower Bound Cover

    A Lower Bound

    Why the Social Cost of Carbon Does Not Capture Critical Climate Damages and What That Means for Policymakers

    The Social Cost of Carbon, developed by the Obama-era Interagency Working Group (IWG), is the best available tool for measuring the economic damages from greenhouse gas emissions. It has been used in analysis for over 100 federal regulations that affect greenhouse gas emissions, as well as by a number of states in electricity and climate policy. Still, many significant impacts identified by the Intergovernmental Panel on Climate Change are difficult to quantify and so have been omitted from the IWG SCC estimates. Impacts such as increased fire risk, slower economic growth, and large-scale migration are all unaccounted for, despite their potential to cause large economic losses. Our new issue brief discusses these omissions and other variables that will influence climate outcomes. We encourage policymakers to account for this likely underestimate by viewing the SCC as a lower bound for damages.

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