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As diplomats meet in Brazil for COP30, global resolve to tackle the climate challenge appears badly frayed.
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Around the globe, and here in the United States, energy markets face huge uncertainties. They include everything from rising geopolitical tensions to a wave of new liquefied natural...
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In this Roadmap presentation, coauthors examine data centers' energy use, strategies for improving data centers' energy efficiency, greenhouse gas emissions from data centers, strategies for using data centers...
External Publications by Noah Kaufman & Peter Marsters • August 17, 2020
The social cost of carbon (SCC) is commonly described and used as the optimal CO2 price. However, the wide range of SCC estimates provides limited practical assistance to policymakers setting specific CO2 prices. Here we describe an alternate near-term to net zero (NT2NZ) approach, estimating CO2 prices needed in the near term for consistency with a net-zero CO2 emissions target. This approach dovetails with the emissions-target-focused approach that frames climate policy discussions around the world, avoids uncertainties in estimates of climate damages and long-term decarbonization costs, offers transparency about sensitivities and enables the consideration of CO2 prices alongside a portfolio of policies. We estimate illustrative NT2NZ CO2 prices for the United States; for a 2050 net-zero CO2 emission target, prices are US$34 to US$64 per metric ton in 2025 and US$77 to US$124 in 2030. These results are most influenced by assumptions about complementary policies and oil prices.
As diplomats meet in Brazil for COP30, global resolve to tackle the climate challenge appears badly frayed.
The fashion industry sits at the intersection of climate, energy, and consumption, facing growing pressure to cut emissions, transition to clean energy, and build circular systems across global supply chains.
As the host of COP30, Brazil has an unprecedented platform to demonstrate its climate leadership.
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External Publications by Noah Kaufman & Peter Marsters • August 17, 2020