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  An Introduction to Climate Change Legislation

Table of Contents | Foreword | Preface | Executive Summary | Overview 
Contributors | Participants and Staff

A Report Summarizing Work at RFF as Part of the Inter-Industry U.S. Climate Policy Forum

Resources for the Future Senior Fellows Raymond J. Kopp and William A. Pizer organized the U.S. Climate Policy Forum in May 2006 to analyze and make findings regarding policies to address global climate change. The Forum brought together researchers and business leaders from 23 companies that represent a broad spectrum of the U.S. economy, including automobiles and heavy equipment; electricity generation; oil, gas, and coal; transport; agriculture; and chemicals, as well as large energy consumers and financial services firms. The Forum's objective is to provide legislators with well-vetted, detailed policy options; important criteria for policy assessment; and well-articulated concerns (specifying the strengths and weaknesses of different approaches), from which effective federal policy might be crafted.

The report, Assessing U.S. Climate Policy Options: A report summarizing work at RFF as part of the inter-industry U.S. Climate Policy Forum, represents the culmination of the Forum process. Written by independent RFF scholars and informed by a year-long dialogue with Forum participants who provided feedback and recommended areas of focus, the report encompasses 15 issue briefs, detailing policy questions and concerns in key areas related to greenhouse gas emissions and legislative proposals to curb them. It is designed, first and foremost, to present information objectively and to focus on those aspects of federal policy design that are most important.

Link to PDF
Download PDF of complete report (7MB)

   


Report Briefings
Thursday, January 17, 2008
New York City, NY
Slides and agenda available.

Wednesday, November 28, 2007
Washington, DC
View video of the event:




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Includes the Foreword, Preface, Executive Summary, Overview, Participants, and Staff.


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Greenhouse Gas Emissions and the Fossil Fuel Supply Chain in the United States
by Daniel S. Hall.
Describes GHG emissions in the United States by gas, fuel, and sector. Additional detail is provided concerning the number of facilities involved at different points in the fossilfuel supply chain. p23


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U.S. Climate Mitigation in the Context of Global Stabilization
by Richard G. Newell and Daniel S. Hall.
Examines global emission trajectories consistent with stabilizing atmospheric GHG concentrations at different levels. Also explores the implications of different trajectories and stabilization targets for U.S. emissions and carbon prices. p39


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Assessing the Costs of Regulatory Proposals for Reducing U.S. Greenhouse Gas Emissions
by Joseph E. Aldy.
Compares modeled economic impacts associated with achieving different domestic emission targets over the next two decades. p53


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Scope and Point of Regulation for Pricing Policies to Reduce Fossil Fuel CO2 Emissions
by William A. Pizer.
Discusses various options for including different CO2 sources in a GHG pricing policy. p69


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Emissions Trading versus CO2 Taxes versus Standards
by Ian W.H. Parry and William A. Pizer.
Compares two market-based regulatory strategies - taxes and emissions trading - as well as more traditional forms of regulation, including options for balancing cost certainty against emissions certainty. p79


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Allowance Allocation
by Raymond J. Kopp.
Examines options for allocating allowances in the context of a tradable allowance program. p87


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Competitiveness Impacts of Carbon Dioxide Pricing Policies on Manufacturing
by Richard D. Morgenstern, Joseph E. Aldy, Evan M. Herrnstadt, Mun Ho, and William A. Pizer.
Presents current research findings on the likely impacts of CO2 pricing on vulnerable industries. p95


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Addressing Competitiveness Concerns in the Context of a Mandatory Policy for Reducing U.S. Greenhouse Gas Emissions
by Richard D. Morgenstern.
Explores various options for mitigating competitiveness concerns associated with the impact of a GHG policy on vulnerable industries. p107


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Climate Technology Research, Development, and Demonstration: Funding Sources, Institutions, and Instruments
by Richard G. Newell.
Examines issues surrounding expanded public support for climate change technology research. p117


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Climate Technology Deployment Policy
by Richard G. Newell.
Discusses policy options for encouraging the deployment of new, low-carbon technologies that have passed the research, development, and demonstration phase. p133


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The Electricity Sector and Climate Policy
by Karen L. Palmer and Dallas Burtraw.
Covers special issues surrounding GHG regulation in the electricity sector, including policy options as well as allocation issues. p147


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Transport Policies to Reduce CO2 Emissions from the Light-Duty Vehicle Fleet
by Raymond J. Kopp.
Surveys policy options for reducing CO2 emissions from light-duty vehicles, including policies that address vehicle miles traveled, vehicle fuel economy, and the carbon intensity of transportation fuels. p161


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Climate Change and U.S. Agriculture
by Juha Siikamäki and Joseph Maher.
Examines the impacts of climate change on U.S. agriculture, the potential for agriculture-based emissions offsets, and questions surrounding biofuels policy. p171


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Mandatory Regulation of Nontraditional Greenhouse Gases: Policy Options for Industrial Process Emissions and Non-CO2 Gases
by Daniel S. Hall.
Addresses options for regulating emissions of GHGs other than CO2 from fossil-fuel combustion. p183


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Offsets: Incentivizing Reductions While Managing Uncertainty and Ensuring Integrity
by Daniel S. Hall.
Discusses trade-offs that must be considered in designing an offset program as part of a CO2 pricing policy. p189





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