3360 notes April 5

3360 notes April 5 - April 5, 2010 - overview of recent...

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April 5, 2010 - overview of recent climate legislation: overall impacts and opportunities for the agriculture and forestry sectors - Antonio M. Bento - Environmental economics and energy policy program - Department of applied economics and management; Cornell University - 3 key questions: o What are the overall efficiency costs of cap and trade programs? o What are the distributional costs of cap and trade protrams? Interested primarily on the distribution of costs across different income groups o What are the opportunities and challenges for unregulated sectors, such as Agriculture and Forestry? - to reduce facilities, costs are actually harder - cap and trade- set an overall cap and over years it will reflect the target reduction - the American Clean Energy and security act of 2009 (Waxman-Markey Bill) o establishes an economy wide cap and trade program o creates incentives and standards for clean energy and energy efficiency o establishes GHG standards for vehicles, stationary sources, and fuels o California, for example, changed their regulation for fuel - overall target of GHG emissions reductions o the cap gradually reduces covered greenhouse gas emissions to 17% below 2005 levels by 2020, and 83% below 2005 levels by 2050. o
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3360 notes April 5 - April 5, 2010 - overview of recent...

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