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Carbon Monitoring for Action
This work has now concluded.
Carbon Monitoring for Action (CARMA) is a global database that gathers and presents the best available estimates of CO2 emissions for 50,000 power plants around the world and the identities of the 4,000 firms that own them. Electricity production is responsible for about one-quarter of all climate-warming greenhouse gas pollution, and CARMA is the only global database for tracking specific sources of CO2, the most important greenhouse gas. First launched in 2007, CARMA was expanded and upgraded in 2012 to incorporate data from authorities in the United States, European Union, Canada, India, and South Africa as well as the International Atomic Energy Agency. For facilities lacking publicly-disclosed data, estimates are generated using a new suite of statistical models.
The objective of CARMA is to provide information necessary to create a cleaner, low-carbon future. By providing complete information for both clean and dirty power producers, CARMA hopes to influence the opinions and decisions of consumers, investors, shareholders, managers, workers, activists, and policymakers. CARMA builds on experience with public information disclosure techniques that have proven successful in reducing traditional pollutants.
For more information about CARMA, please:
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My guest on this week’s Wonkcast is Cao Jing, one of China’s leading experts on carbon taxes. A CGD visiting fellow and associate professor of economics at Tsinghua University in Beijing, Jing was recently the subject of a Bloomberg profile. Working in collaboration with others at Harvard University, she is developing a proposal for China to tax carbon emissions. She is also involved with the "New Climate Economy Study" (also called Stern 2, to review economic costs and benefits of tackling climate change) led by former President of Mexico Felipe Calderón and Lord Nicholas Stern, author of the landmark Stern Report on the economics of climate change. Jing recently presented the plan at CGD’s Research in Progress seminar, and I’m delighted that she agreed to join me on the show to discuss it.
Imagine for a moment a world in which rich countries followed through on their rather vague promise at the 2009 climate conference in Copenhagen to mobilize $100 billion per year by 2020 to help developing countries reduce their emissions and cope with climate change. How should that money be spent?
On Friday in Stockholm the IPCC released the first of a series of four reports comprising its Fifth Assessment Report (AR5), documenting the “physical science basis” of climate change.
This paper documents the methodology underpinning CARMA v3.0, released in July 2012.
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