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The Inflation Reduction Act (IRA) in the United States provides unprecedented incentives for deploying low-carbon hydrogen and liquid fuels, among other low greenhouse gas (GHG) emissions technologies. To better understand the prospective…
The Inflation Reduction Act subsidizes the deployment of clean electricity, hydrogen production, and carbon capture and storage, which could enable additional actions by other federal, state, and local policymakers to reduce emissions.…
The electrification of transportation is critical to mitigate Greenhouse Gas (GHG) emissions. The United States (U.S.) government's Inflation Reduction Act (IRA) of 2022 introduces policies to promote the electrification of transportation.…
Stringent climate policy compatible with the targets of the 2015 Paris Agreement would pose a substantial fiscal challenge. Reducing carbon dioxide emissions by 95% or more by 2050 would raise 7% (1-17%) of GDP in carbon tax revenue, half…
Preowned vehicles are disproportionally purchased by low-income households, a group that has long been unable to purchase electric vehicles. Yet, low-income households would disproportionally benefit from EV adoption given the operating…
The planned US withdrawal from the Paris Agreement as well as uncertainty about federal climate policy have raised questions about the country's future emissions trajectory. Our model-based analysis accounts for uncertainty in fuel prices…
Taking aim at one of the largest greenhouse gas emitting sectors, the US Environmental Protection Agency (EPA) finalized new regulations on power plant greenhouse gas emissions in May 2024. These rules take the form of different emissions…
The temperature targets in the Paris Agreement cannot be met without very rapid reduction of greenhouse gas emissions and removal of carbon dioxide from the atmosphere. The latter requires large, perhaps prohibitively large subsidies. The…
Global warming is a major environmental concern of our times. It has been suggested that the planting of trees could constitute a way of mitigating the adverse effects of the increasing anthropogenic carbon emissions. We developed a simple…
Rising CO$_2$ emissions remain a critical global challenge, particularly in middle-income countries where economic growth drives environmental degradation. This study examines the long-run and short-run relationships between CO$_2$…
It has been claimed that COVID-19 public stimulus packages could be sufficient to meet the short-term energy investment needs to leverage a shift toward a pathway consistent with the 1.5 degrees C target of the Paris Agreement. Here we…
We provide a theoretical framework to examine how carbon pricing policies influence inflation and to estimate the policy-driven impact on goods prices from achieving net-zero emissions. Firms control emissions by adjusting production,…
Global warming is often framed in broad planetary numbers such as the 1.5C and 2C warming thresholds, creating the false impression that individual corporations efforts to reduce emissions are meaningless in the absence of collective…
As an important step to fulfill the Paris Agreement and achieve net-zero emissions by 2050, the European Commission adopted the most ambitious package of climate impact measures in April 2021 to improve the flow of capital towards…
Whole-economy scenarios for limiting global warming to 1.5C suggest that direct carbon emissions in the buildings sector should decrease to almost zero by 2050, but leave unanswered the question how this could be achieved by real-world…
The international community aims to limit global warming to 1.5{\deg}C, but little progress has been made towards a global, cost-efficient, and fair climate mitigation plan to deploy carbon dioxide removal (CDR) at the Paris Agreement's…
Greenhouse gas (GHG) metrics, that is, conversion factors to evaluate the emissions of non-CO2 climate forcers on a common scale with CO2, serve crucial functions upon the implementation of the Paris Agreement. While different metrics have…
To assess the impact of potential future climate pledges after the first Global Stocktake, we propose a simple, transparent framework for developing emission and temperature scenarios by country. We show that current pledges with…
Using feedback-free estimates of the warming by increased atmospheric carbon dioxide (CO2) and observed rates of increase, we estimate that if the United States (U.S.) eliminated net CO2 emissions by the year 2050, this would avert a…
The Paris agreement is the first-ever universally accepted and legally binding agreement on global climate change. It is a bridge between today's and climate-neutrality policies and strategies before the end of the century. Critical to this…