With carbon cap-and-trade legislation now on Washington's agenda, companies and interest groups have been hiring lobbyists at a feverish pace. For every member of Congress, there are now four climate lobbyists, many of them hoping to derail or water down the effort to reduce greenhouse gas emissions.
As the U.S. Congress takes on President Obama's call for a cap-and-trade system, Kevin M. Dempsey, a partner at Dewey & LeBoeuf, argues that it should look toward Europe's experience. In the second part of his Globalist Paper, he explains the benefits of carbon auctions--and the complications they may create under WTO law.
This module features teaching notes by Michael A. Levi, director of the CFR-sponsored Independent Task Force report, Confronting Climate Change: A Strategy for U.S. Policy, along with other resources to supplement the text. This report lays out a U.S. negotiating proposal for a global climate accord, including what the United States should be willing to offer and what it should expect others to do in order to confront climate change.
The idea of creating green jobs drew great attention as the stimulus package made its way through Congress. Defining those jobs is difficult, however, and economists say many may simply displace existing jobs in the old carbon-based economy.
The Asia Society, in collaboration with the Pew Center on Global Climate Change, presents a roadmap with suggestions for Chinese and American leaders that explains how to improve relations necessary for combatting climate change.
The sooner the new administration lays out the contours of the agreement it wants on climate change, the better the odds that it will be able to deliver. In this Huffington Post article, Michael Levi suggests a 5 point strategy for UN climate negotiations.
Al Gore, former vice president of the United States, tells Fareed Zakaria that whatever assistance the auto industry gets "should be focused on speeding the changes that are absolutely essential to ensure that our companies are competitive in the global marketplace."
The unfolding financial crisis and credit crunch creates new political and economic challenges on greenhouse gas reductions schemes. Some experts fear a retreat on climate policy, while others stress that opportunities for green investments still exist.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.