Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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December 3rd, 2010

New PESD research examines China's efforts to remake its coal and power sectors

PESD's new research analyzes China's coal-power base reforms and how they will impact Chinese and global coal markets. Read more »



August 5th, 2010

New PESD Working Paper explains China's dramatic surge in coal imports and its major impact on global coal markets

Announcement

PESD researchers Morse and He devise a model that explains Chinese coal import patterns and that can allow the coal market to understand, and to some degree predict, China's coal import behavior in PESD Working Paper #94 - "The World's Greatest Coal Arbitrage: China's Coal Import Behavior and Implications for the Global Coal Market."




November 25th, 2008

Natural gas could become a significant percent of the fuel mix in China

China's need to lower its carbon and sulfur dioxide emissions could steer its energy demand towards natural gas. However, this shift would be contingent on financial reforms in particular. This study delves deeper into the geo-political factors behind the potential for this energy source in three major urbanizing regions in China. Read more »



July 23rd, 2008

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.




July 14th, 2008

Michael Wara Discusses Coal and the CDM

in the news: Wall Street Journal on July 11, 2008

The CDM Executive Board recently approved several gas-fired power plants under the UN's carbon offset scheme, opening the door for subsidizing coal generation and stoking controversy. Michael Wara questions the additionality of such projects and argues subsidies are better spent on other clean-energy development.




May 28th, 2008

Carbon markets need reform, say Wara and Victor

in the news

A new PESD working paper, "A Realistic Policy on International Carbon Offsets" by Michael Wara and David Victor, argues that a substantial fraction of the international carbon market does not actually represent real reductions in emissions. They also argue that these international credits, which are part of the Kyoto Protocol's "Clean Development Mechanism (CDM)," will not offer companies reliable ways to contain the cost of complying with limits on emissions. Links below to the original paper and reporting in many sources, including the Economist, Guardian, Le Monde, National Public Radio, and BBC Radio.




April 20th, 2008

Substantial part of carbon offset market doesn't mean reduction, Wara and Victor say

PESD scholars Michael Wara and David Victor suggest that a substantial fraction of the $12b market for international carbon offsets does not represent real reductions and that the market is unlikely to provide reliable cost-control for a domestic carbon market. Instead, they suggest that a broader array of strategies will be needed to make a real dent in developing world emissions and that more explicit cost control mechanisms be considered for a U.S. cap-and- trade market for greenhouse gases.





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