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Climate Trailblazer Or Corporate Giveaway: An Economic And Political Evaluation Of Cap-And-Trade In California, Benjamin Reicher
Climate Trailblazer Or Corporate Giveaway: An Economic And Political Evaluation Of Cap-And-Trade In California, Benjamin Reicher
Pomona Senior Theses
In this thesis, I conduct an economic and political analysis of California’s cap-and-trade program, the leading national (and international) example of a market-based strategy to reduce climate-warming greenhouse gas emissions. I evaluate the program on several economic and political measures of success, especially as contrasted with the performance of various regulatory policies that California also relies on to meet its emissions reduction targets. These regulations exemplify a command and control approach to emissions mitigation as opposed to a market-based approach, and indeed tend to be favored by grassroots activists who may be skeptical about market-friendly policies; my thesis seeks to …
Forest Offsets In The California Carbon Market: Challenges Of A Market Based Climate Solution, Eric Warmoth
Forest Offsets In The California Carbon Market: Challenges Of A Market Based Climate Solution, Eric Warmoth
CMC Senior Theses
Within California’s cap-and-trade program, forest offsets allow landowners to earn carbon credits for protecting forests that sequester carbon and sell these credits to polluters that can then emit one additional ton of carbon. The state’s top regulator, the California Air Resources Board (CARB), is tasked with overseeing cap-and-trade and the forest offset system. CARB is currently updating the state’s Climate Change Scoping Plan to set California on track to achieve its 2030 climate goal of reducing greenhouse gas emissions to 40% below 1990 levels. CARB is approving forest offsets that overestimate emissions reductions, while allowing companies to continue polluting in …
Integrating Carbon Pricing Approaches, Amay Shah
Integrating Carbon Pricing Approaches, Amay Shah
CMC Senior Theses
Concerns about global climate change and its effects have been steadily growing around the world in recent years. The Paris Agreement has laid out ambitious targets for countries to cut their emissions in order to limit global warming to 1.5 degrees and to achieve net zero emissions by 2050. Carbon pricing mechanisms are an inventive instrument that can help achieve these emissions reductions by placing a price on greenhouse gas emissions, creating incentives for organizations to reduce their emissions. These mechanisms can also help enable the transfers from wealthy nations to developing nations that will be essential for ensuring a …