Report: Expanding the Solution Set: How Combined Heat and Power Can Support Compliance with 111(d) Standards for Existing Power Plants

Read the fact sheet. When this option is on the table, you’re lowering costs overall. When you take it off the table, you leave money on the table. Richard Meyer, American Gas Association Combining two separate models, ICF International’s Integrated Planning Model® (IPM) and CHPower model, this study looks at how combined heat and power... continue reading »

The New Deal: An Enlightened Industrial Policy for the EU through Structural EU Emissions Trading System Reform

This report recommends seven reforms to the EU Emissions Trading System to spur the innovation and investments required to create a thriving and low carbon industrial sector. These reforms include the setting aside of EU ETS allowances into an industrial low-carbon transition fund, a price management mechanism, the structural adjustment of the EU ETS caps toward... continue reading »

Global Sectoral Study: Final Report

The Global Sectoral Approaches study, initiated in May 2008 with support from the European Commission, was designed to provide a “proof-of-concept” of the feasibility of sectoral approaches in a post-2012 international framework for climate policy. The study initially investigated a transnational approach in which all countries face similar benchmarks, a sectoral CDM approach emphasizing carbon... continue reading »

Tradable Intensity Standard for Sector Crediting

This paper addresses some issues that will need to be addressed to implement NAMAs and sector crediting. It discusses cap-and-trade programs for developing countries, international linkages, emission caps for certain sectors through “trading” programs, and No-Lose approaches. It highlights some of the key advantages at the present time of employing a tradable intensity standard to... continue reading »

Preventing Market Disruptions in Cap-and-Trade Programs

This paper discusses trading system design elements that could help prevent market disruptions, including aspects of allowance auctions, transaction registries, allowance banking, and price stabilizing mechanisms. It raises the possibility of employing temporary, special methods in the early years of program implementation to create an added degree of safety as firms and regulators gain experience... continue reading »

AB32 and California’s Forestry Sector

California is developing policies to bring statewide emissions back to 1990 levels by 2020 as specified in AB32. The Scoping Plan has proposed a broad cap-and trade program to help achieve this objective. As indicated in Appendix C of the Plan, the economic sectors that would be subject to an emission cap include electricity, transportation... continue reading »

Recommendations to Governor Pataki for Reducing New York State Greenhouse Gas Emissions

On June 10, 2001, Governor George E. Pataki announced the formation of a New York State Greenhouse Gas Task Force (the Task Force) to develop policy recommendations for reducing the State’s GHG emissions. CCAP was asked to facilitate the deliberations of the Task Force of stakeholders, develop and analyze GHG reduction policy options, deliver a... continue reading »

An Upstream/Downstream Hybrid Approach to Greenhouse Gas Emissions Trading

Part of the Airlie Carbon Trading Papers, this report examines alternative approaches to expanding the coverage of a downstream trading system by bringing in facilities from farther upstream. It calls attention to a number of issues that would need to be addressed in integrating upstream and downstream facilities into a single system, most notably the... continue reading »

Design of a Practical Approach to Greenhouse Gas Emissions Trading Combined with Policies and Measures in the EC

This paper provides a “strawman” proposal, originally intended to generate dialogue with Member States present at a 1999 workshop. The proposal provides a detailed profile of how a more limited EU-wide emissions trading system covering selected industrial sectors combined with the current system of policies and measures could go into effect in advance of 2008.

Allocation of Greenhouse Gas Reduction Responsibilities Among and Within the Countries of the European Union

This paper deals with the issues relating to the allocation of emission allowances (or equivalently Parts of Assigned Amount, PAAs) among and within States. This paper was prepared primarily to provide background information to members of the Study Team on key issues related to the design of an European emissions trading scheme and to assist the... continue reading »

Compliance-Related Aspects of Greenhouse Gas Emissions Trading in the EU

The purpose of this paper is to examine the compliance-related aspects of greenhouse gas emissions trading in the European Union. The compliance-related components of trading include measurement of emissions, reporting of emissions, verification by regulatory authorities of reported emissions, and sanctions for noncompliance.

Accounting for Non-fuel Uses of Fossil Fuels in an Upstream Carbon Trading System

Part of the Airlie Carbon Trading Papers, this report provides a closer look at the use of fossil energy for non-fuel purposes in the US, and then presents alternative policy options for accounting for this non-fuel use in an upstream trading system. The paper argues for a two-track approach to accounting for non-fuel uses: First,... continue reading »

Tradable Carbon Allowance Auctions: How and Why to Auction

Part of the Airlie Carbon Trading Papers, this report argues that an auction is the best way to allocate allowances in a carbon cap-and-trade system.To minimize administrative costs, allowances would be required primarily at the level of oil refineries, natural gas pipelines, natural gas liquid sellers, and coal processing plants. To maximize liquidity in secondary... continue reading »