Richard Morse and Gang He will be present during the first week of the international climate negotiations at the UN’s COP 15. Read more »
PESD research fellow Varun Rai is featured in the Harvard International Review
In a new article in the Fall 2009 issue of the Harvard International Review PESD research fellow Varun Rai discusses the critical elements of effective international carbon offsets markets. The article argues that fundamental problems of perverse incentives and huge transaction costs render the clean development mechanism (CDM) unfit as the backbone of international carbon offsets markets post-2012. Instead, the article emphasizes the need for multilateral deals around large sectors that leverage synergies between climate change benefits and the core interests of developing countries.
in the news: China Dialogue on October 23, 2009
PESD's Research Associate, Gang He, discusses the energy dilemma of doing CCS in China and sets out his technical and policy recommendations for China's adoption of this important technology.
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in the news: Point Carbon News on September 8, 2009
Point Carbon reports on PESD's discussion of the potential role carbon markets might play in paying for CCS in China.
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in the news: Discover Magazine on December 1, 2008
Michael Wara and David Victor comment on the UN's Clean Development Mechanism's inability to prove that off-sets are working to reduce carbon emissions. Read more »
Wara reviews performance of the Clean Development Mechanismin the news: UCLA Law Review on August 1, 2008
Michael Wara reviews the UN's Clean Development Mechanism's (CDM) performance, using empirical analysis to illustrate its successes and failures in using a carbon credit market to reduce greenhouse gases. He concludes by suggesting possible reforms to the CDM in anticipation of the Kyoto Protocol's expiration in 2012.
PESD work on the role of carbon offsets in climate change mitigation attracts international attention
Michael Wara and David Victor's recent work, A Realistic Policy on International Carbon Offsets, addresses problems with the world's largest offset program, the UN's Clean Development Mechanism. Wara and Victor argue that much of the CDM investment doesn't actually meet the UN's crucial additionality standards, and they outline ways to fix the problem.
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