Nat Keohane Archives - Center for Climate and Energy Solutions

A Sign-Off from COP28

Alec Gerlach — Thu, 14 Dec 2023 22:10:56 +0000

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Carbon Border Adjustment Provisions in the 118th Congress

Jason Ye — Fri, 08 Dec 2023 11:09:02 +0000

Carbon border adjustment mechanisms (CBAM) are an emerging set of trade policy tools that aim to prevent carbon-intensive economic activity from moving out of jurisdictions with relatively stringent climate policies and into those with relatively less stringent policies. Border adjustments have the potential to increase the environmental effectiveness of climate policies, by averting shifts in economic activity that could lead to higher total greenhouse emissions—a phenomenon known as “carbon leakage.” They are also seen as a way of protecting industrial competitiveness by reducing the incentive for businesses to move production abroad.

This factsheet compares border adjustment-related proposals introduced in the 118th Congress (2023–2024). It also outlines key policy considerations in designing a carbon border adjustment.

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How will 2023 stack up? 6 climate trends to watch

Marty Niland — Mon, 30 Jan 2023 21:02:37 +0000

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COP27: The pivot to implementation and the private sector’s role

Marty Niland — Mon, 07 Nov 2022 21:08:20 +0000

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What does the COP26 Outcome on Article 6 Mean for Non-Party Stakeholders?

Philip Horowitz — Fri, 28 Oct 2022 15:08:13 +0000

Article 6 of the Paris Agreement established a framework for countries to cooperate in achieving their climate commitments (nationally determined contributions, NDCs), using market mechanisms to enable greater ambition than they could achieve independently. The Paris Agreement implementing guidance finalized at COP26 in Glasgow provides direction to countries that transfer emissions reductions under Article 6. This paper explains that COP26 outcome and its relevance for companies and other non-Party stakeholders (NPS). In particular, the paper provides a detailed analysis of the atmospheric impact (that is, the net effect on emissions reductions) of the international transfer and use of voluntary carbon credits by NPS, whether under Article 6 or independently of it. It also describes efforts underway to ensure the environmental integrity of the voluntary carbon market, including the Voluntary Carbon Markets Integrity initiative (VCMI) and the Integrity Council for the Voluntary Carbon Market (IC-VCM), as well as broader considerations around engaging in the VCM and carbon credits’ authorization under Article 6.

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Great news for the climate and clean energy, but much work remains to be done

Marty Niland — Thu, 28 Jul 2022 21:15:21 +0000

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The rise of carbon-based trade policy

Marty Niland — Thu, 30 Jun 2022 16:23:32 +0000

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Carbon Border Adjustments: Considerations for Policymakers

Philip Horowitz — Thu, 16 Jun 2022 16:55:21 +0000

Carbon border adjustments, also referred to as “carbon border adjustment mechanisms” (CBAM), are an emerging set of trade policy tools that aim to prevent carbon-intensive economic activity from moving out of jurisdictions with relatively stringent climate policies and into those with relatively less stringent policies. Border adjustments have the potential to increase the environmental effectiveness of climate policies, by averting shifts in economic activity that could lead to higher total greenhouse emissions—a phenomenon known as “carbon leakage.” They are also seen as a way of protecting industrial competitiveness by reducing the incentive for businesses to move production abroad. The European Union (EU) is pursuing a CBAM that would make the region the first in the world to enact such a policy and would be aligned with the carbon price the bloc applies through its emissions trading system (ETS). Interest in border adjustments, paired without an explicit price, is growing in the United States.

This primer provides a comprehensive introduction to the topic. After a brief explanation of basic concepts, it reviews the EU’s proposed CBAM and U.S. congressional border adjustment provisions introduced in the 117th Congress (2021–2022). It also outlines key considerations in designing a carbon border adjustment.

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The IPCC’s latest: As climate damages ramp up, the window of opportunity to adapt is closing fast

Marty Niland — Mon, 28 Feb 2022 20:35:49 +0000

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Year in Preview: Setting the stage for progress in 2022

Marty Niland — Thu, 20 Jan 2022 15:44:35 +0000

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