Can the Biggest Emitters Set Up a Climate Club? A Review of International Carbon Pricing Debates
The world’s largest emitting countries are reconsidering the role of carbon pricing instruments and increasingly looking at carbon border adjustment mechanisms (CBAMs) to address leakage concerns. This renewed momentum should trigger a broader discussion on how to make trade policies compatible with the climate agenda.
Ambitious New Climate Goals Shouldn't Let China off the Hook
Xi Jinping’s announcement of carbon neutrality is impeccably timed, but the hard part lies ahead.
Carbon Capture, Storage and Utilization to the Rescue of Coal? Global Perspectives and Focus on China and the United States
In most of the pathways that limit global warming to 1.5°C, capture of CO2 from fossil-fuel or biomass-based installations and its long-term geological storage (carbon capture and storage - CCS and bio-energy with carbon capture and storage - BECCS) plays a crucial role.
Going Green: Are Chinese Cities Planting the Seeds for Sustainable Energy Systems?
The Global Climate Action Summit held in September 2018 in California has highlighted the importance of cities for promoting clean energy solutions and for combatting climate change. While energy policies in most countries depend primarily on national governments, cities have the possibility to develop and implement innovative solutions and ambitious policies. Chinese cities should be at the core of these developments, as they are confronted with many energy and climate challenges, often at an unprecedented scale: notably air quality, traffic congestion, energy security and massive consumption of building materials. For instance, outdoor air pollution in China has reportedly caused 1 million premature deaths in 2016, and in 2014 only 8 out of 74 Chinese cities would meet the national standards in terms of air quality.
Booming Prices on the European Emission Trading System: From Market Oversupply to Carbon Bubble?
Since its creation in 2005, the European emission trading system (EU ETS) has been through several periods of turmoil. With emission allowances (EUA) averaging around 7 euros per ton from 2012 to 2017, European Member States have been trying to remedy the depressed price signals successively through market design reforms at both European level (backloading, market stability reserve) and national level, with the UK introducing a carbon price floor for its domestic power sector in 2013.
China’s National Carbon Market: a Game Changer in the Making?
As 2017 drew to close, China officially approved plans for its long-awaited national Emission Trading Scheme (ETS) and the National Development and Reform Commission (NDRC) outlined some of the implementation details[1]. Though it will be limited to the power sector (and combined heat and power, or CHP) at first, it will nevertheless be the world’s largest carbon market. It is expected to cover 1,700 companies representing approximately 30% of China’s total greenhouse gas (GHG) emissions. China’s CO2 emissions from fuel combustion amounted to approximately 8,796 metric tonnes of CO2 equivalent (MtCO2Eq.) in 2016, and seem to remain stable since 2014, though they appear to increase again in 2017[2]. Shanghai should host the national market exchange, which will be jointly owned by the governments of other provinces while Hubei should host the registry[3].
Europe in the Global Race for Electrical batteries
This study weighs up the different strategic approaches that Europe may adopt in the industrial race for electrical batteries, taking into account the demand potential for e-mobility and stationary storage, the global competitive landscape and the policy support for local players in Asia and the U.S.
From COP21 to COP22: Keeping up the Momentum
In December 2015, a new international climate agreement was adopted, paving the way for increased mitigation and adaptation efforts.
The Energy Transition in Sweden
This study analyses the evolutions of Sweden's energy choices, including in terms of nuclear power policy, carbon tax and renewable energies development. Considered as one of the most outstanding example of successful energy transition, Sweden might well face difficulties similar to those of other European countries in the near future.
The Role of Sub-National Actors in Climate Change Policy. The Case of Tokyo
Tokyo is known as a pioneer throughout the history of Japan’s environmental policy, often being compared to California in the United States or Paris in France. Following the global trend of growing local initiatives tackling climate change, Tokyo introduced a cap-and-trade scheme in 2010 ahead of a national implementation.
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