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Global Climate Change Policy and Carbon Markets

Part of the Energy, Climate and the Environment Book Series

DOI: 10.1057/978-1-137-56051-3

ISBN: 978-1-137-56050-6

Publisher: Palgrave Macmillan UK - Springer Journals

Aug 23, 2016

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Chapter 1Introduction

Rosenzweig, Richard H.

Pages: 1 –9

[Rosenzweig has a 25-year career working in government and business to create and use environmental markets to reduce air pollutants and greenhouse gases (GHGs) that cause climate change. He served as the Chief of Staff of the Department of Energy (DOE) in the Clinton Administration and...
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Chapter 2Climate Change Policies of the Clinton Administration

Rosenzweig, Richard H.

Pages: 11 –45

[Rosenzweig summarizes the attempt made during the Clinton Administration to craft a domestic climate policy and similar efforts in the international climate change negotiations. In the US, the emphasis is on the proposed BTU tax, which was soundly defeated. Although modest, its political and...
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Chapter 3The US Says No While the Carbon Market Moves Forward

Rosenzweig, Richard H.

Pages: 47 –90

[Rosenzweig describes actions taken by President Bush and the international community during 2000–2008. These include the US decision to reject Kyoto and failure to take action to reduce GHG emissions. The chapter elaborates the emerging cap-and-trade debate, a Supreme Court decision that...
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Chapter 4The End of Climate Change 1.0 Internationally

Rosenzweig, Richard H.

Pages: 91 –152

[Rosenzweig details the turbulence in the EU ETS market and the CDM from 2008–2012, which contributed to the end of the first generation of international climate change policy. In the EU ETS market, an enormous surplus took hold, causing falling prices. And because the EU was the largest buyer of...
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Chapter 5The End of Climate Change 1.0 in the US

Rosenzweig, Richard H.

Pages: 153 –209

[Rosenzweig reviews the US Congress’ attempt to pass cap-and-trade legislation in 2009–2010. He describes the dynamics that increased the potential for passage and key elements of the legislation. Rosenzweig argues that while the legislation officially died in the Senate in 2010, its prospects...
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Chapter 6US and International Climate Change 2.0 Emerges

Rosenzweig, Richard H.

Pages: 211 –246

[Rosenzweig summarizes the new era of policy-making, climate change 2.0. In the US, this consists of regulations targeted to reduce GHG emissions from the transportation and power sectors and other modest measures. At the international level, Rosenzweig summarizes the key events that led to the...
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Chapter 7Recommendations

Rosenzweig, Richard H.

Pages: 247 –286

[Rosenzweig concludes with recommendations. Policies need to be modest, achieve co-benefits, and control costs. He argues that this approach increases the chances for success, which is necessary to create the conditions for more ambitious future efforts. To achieve reductions in GHG emissions of...

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