Since the Rio Earth Summit in 1992, the world has made measurable but inadequate progress on climate change and, importantly, the global context in which we confront the crisis has changed. This new paper from Thomas Heller and Alicia Seiger takes a critical look at how current efforts have yet...

We propose changes to carbon emissions accounting standards that will improve reporting efficiency and accelerate progress toward effective climate solutions. The first section summarizes a method to account for emissions as liabilities tied to product or service outputs that pass down a supply...

We propose a method to internalize the externality of greenhouse gas emissions built on the foundation of greenhouse gas emissions accounting, whereby firms match long-duration emissions liabilities with duration-matched removal assets. This method drives a simple decision rule: only emit...

Stabilization of greenhouse gases at sustainable levels is the objective of the FCCC. Strategies to achieve this aim have been the object of intense debate. This paper focuses on one emissions trading system under scrutiny, Joint Implementation (JI). The basic premise of JI is that one nation...

To power national development, the government organized electricity production and distribution as a state-owned vertically integrated utility, structured and operated under central planning. Electricity was supplied on the basis of political priority instead of cost, and the single party...