Cap and Trade
Market-based cap-and-trade programs to regulate pollution from development and production exist across sectors and around the world. RFF experts played critical roles in the design of such programs in California and the Northeast, as well as internationally, and continue to analyze and advise on policies in the United States and elsewhere.
Carbon Pricing in Oregon
Read the two memos sent to the Oregon Climate Policy Office on options to reduce emissions.
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Working Paper — Jan 14, 2020
China’s Unconventional Nationwide CO₂ Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy
This paper assesses the overall costs and distributional impacts of China’s planned nationwide emissions trading system for CO2 emissions reductions, a system that will differ from cap and trade and become the largest CO2 trading system in the world.
Working Paper — Dec 16, 2019
The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System
Analysis finds that a minimum auction price is necessary and legal in the EU Emissions Trading System (ETS) to accommodate overlapping policies and for the market to operate efficiently.
Journal Article — Nov 2, 2019
How to Avoid History Repeating Itself: The Case for an EU Emissions Trading System (EU ETS) Price Floor Revisited
In this article, the authors identify and confront four prominent arguments against the introduction of a European Union emissions trading scheme price floor.
Working Paper — Jan 14, 2020
China’s Unconventional Nationwide CO₂ Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy
This paper assesses the overall costs and distributional impacts of China’s planned nationwide emissions trading system for CO2 emissions reductions, a system that will differ from cap and trade and become the largest CO2 trading system in the world.
Working Paper — Dec 16, 2019
The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System
Analysis finds that a minimum auction price is necessary and legal in the EU Emissions Trading System (ETS) to accommodate overlapping policies and for the market to operate efficiently.
Journal Article — Nov 2, 2019
How to Avoid History Repeating Itself: The Case for an EU Emissions Trading System (EU ETS) Price Floor Revisited
In this article, the authors identify and confront four prominent arguments against the introduction of a European Union emissions trading scheme price floor.
RFF Live — Mar 28, 2019
Putting a Price on Carbon, with Sen. Van Hollen and Rep. Beyer
Unpacking elements of the proposed cap and dividend legislation and the landscape for a carbon pricing policy
Workshop/Seminar — Jan 23, 2018
California’s Climate Action: Leadership from the States
This event provided insights into California’s commitment to tackling climate change and protecting its natural environment.
Webinar — Jul 18, 2017
The Future of California’s Cap-and-Trade Program: Policy Choices and Implications for Cross-Border Linkage
On July 18, experts hosted an interactive online panel discussion about the proposed features of these competing pathways for the California cap-and-trade program, what modifications or amendments may be considered as they work through the legislative process, potential implications for the California carbon market, and the potential effects on linkage with the programs in Quebec, Ontario, and other jurisdictions that might consider linkage in the future.
Media Highlight — Sep 4, 2019
"Climate Town Hall: Several Democratic Candidates Embrace a Carbon Tax"
RFF President Richard G. Newell is quoted in a New York Times article on how different 2020 presidential candidates view a price on carbon.
Press Release — Aug 14, 2019
New Research from Hafstead and Williams on Jobs and Environmental Regulations
Marc Hafstead and Roberton Williams reveal six key takeaways from recent research on jobs and environmental regulations..
Press Release — May 30, 2019
New Paper on Addressing the Urgency of More Stringent Climate Change Policy
A paper by Lawrence H. Goulder explores how economists can address climate change by integrating considerations of urgency in their analyses.
Marty Weitzman, In Memoriam
Gernot Wagner pays tribute to friend and colleague Marty Weitzman
Do Environmental Regulations Kill Jobs?
Marc Hafstead explores six key takeaways from recent work on jobs and environmental regulations.
Paying for Pollution, with Gilbert Metcalf
Daniel Raimi and Gilbert Metcalf discuss the benefits and drawbacks of carbon policies.