August 4, 2008
Rebates Crucial to Passing Cap and Trade in the US
The recent failure of cap-and-trade legislation in the US Senate was disappointing but shows the way to politically feasible legislation. My econometric analysis of Senators' votes investigates the role of concerns about higher energy costs in states that are relatively poor or dependent on fossil fuels for power production. Redistributing part of the cap and trade revenue to individuals on an equal per capita basis would counter the sting of higher energy prices and improve political support. See Why Warner-Lieberman Failed and How to Get America's Working Families behind the Next Cap-and-Trade Bill.
CARMA update coming soon
With the most up-to-date data on planned power plants, more precise geographical data, and improved methodology for calculating CO2 emissions, CARMA 2.0 is almost ready for release. We'll have it waiting for you when you get back from vacation. Check CARMA.org soon for up the update, or wait for a newsletter update. Stay tuned!
My thanks to Robin Kraft for his help in preparing this letter.
Center for Global Development
South Africa: Clearing the mist around climate responsibility (Business Day -- South Africa)
33% of China's Carbon Footprint Blamed on Exports (ABC News)
Study: Closing coal-burning power plant in China cut rate of toddlers' development problems (International Herald Tribune)
Fund Designed to Spur Renewable Energy Subsidizes Gas Plants (Wall Street Journal)
French Firm Cashes In Under U.N. Warming Program (Wall Street Journal)
China's carbon market hit by regulatory uncertainties (Quamnet -- Hong Kong)
Avoiding Deforestation to Limit Climate Change 'Cheap and Practical' (Environmental News Service)
Global warming could be causing a kitten boom, experts say (Chicago Sun-Times)