2012

Sleepless Nights Over Climate Change

December 9, 2012

[Financial Times ]...Doha’s chief accomplishment was closing down older negotiations so work could start on this 2015 treaty. But Doha also agreed to establish a process to look at compensating poorer countries for loss and damage suffered because of climate change, something wealthy countries have long resisted.

This so-far vague measure will undoubtedly require years more sleepless nights in convention centres to become reality. But it does show how the tenor of the talks is changing, and why they should be regarded as what Harvard University climate agreement expert...

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Qatar and Some Other Persian Gulf Nations Begin to Walk Their Climate Talk

November 26, 2012

[ClimateWire ]...Rob Stavins, director of Harvard University's Environmental Economics Program, who has met several times with Qatari leaders in preparation for the COP, said he disagrees with the conventional wisdom that the nation has faltered in preparations.

"My perception is that they are well on their way to being well-prepared for this. I think they recognize its importance, and I anticipate that it will be a successful meeting," he said. "I've been very impressed with the people I have met with...

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Bipartisan Steps Urged on Climate Change Policy

November 19, 2012

[The Boston Globe ]...While any taxes are unpopular, there could be compromise embedded in such a tax, says Joseph Aldy, assistant professor of public policy at the Harvard Kennedy School who is affiliated with Resources for the Future. A carbon tax could help avoid less palatable alternatives such as eliminating mortgage interest deductions, but it also may mean Democrats would have to give up EPA's regulatory authority over greenhouse gases, he said.

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Climate Policy Advances in the States, but Slowly

November 5, 2012

[The Washington Post ]...Robert Stavins, who directs Harvard University’s environmental economics program, said it is “likely to be effective” but is “going to be controlling emissions at a higher cost to the economy” by requiring all of the auction revenue to be spent on reducing emissions. He added that there are “legitimate concerns” about whether California’s imported electricity, which makes up half of its carbon emissions, may end up selling fossil-fuel energy to other states while directing its...

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Eco-Taxes? Study Financed by U.S. Treasury Will Link Tax Code to Carbon Emissions

November 1, 2012

[Fox News ]...Among the many research items on Jorgenson’s Harvard University website, however, is testimony last June before the Senate Committee on Finance entitled “Tax Reform: the Impact on U.S. Energy Policy,” in which the economist outlines a new system of energy taxes on coal, oil and natural gas that could “clean up the environment and slow global warming” The new tax revenue could also “close the budget gap and reduce tax rates as part of comprehensive tax reform.”

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Was Hurricane Sandy the 'Fat Tail' of Climate Change?

November 1, 2012

[The Wall Street Journal Gernot Wagner and Martin Weitzman: Call them “black swans,” “unknown unknowns,” “fat tails,” or “10-foot women.” Whatever you call them, they’re bizarre events. They shouldn’t happen. Usually they don’t happen, but every once in a while they do happen, and then their impact makes daily events mere noise.

This week, one did happen. Sandy and its aftermath have all the characteristics that...

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The Big Flaw in Corporate Sustainability Rankings

October 24, 2012

[Harvard Business Review ] Aaron Chatterji and Michael W. Toffel: Newsweek just released its fourth annual Green Rankings, grading the “greenness” of the 500 largest publicly-traded companies in the world. In partnership with research firms Trucost and Sustainalytics, companies are ranked based on their management, performance, and transparency in the environmental domain.

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The Next Great Transition

October 22, 2012

[Harvard Impact Report ] Rebecca Henderson: Re-orienting our current energy systems toward a far greater reliance on technologies with low or no carbon dioxide emissions is an immense challenge—one that will be hard to meet without significant innovation. But the payoffs will be considerable, as making this transition successfully will both greatly reduce the risk of large scale climate disruption and generate significant economic growth.

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