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The Center on Global Energy Policy (CGEP) at Columbia University SIPA congratulates Paul Dabbar on his confirmation as Deputy Secretary of the United States Department of Commerce. During...
• June 27, 2025
Energy Explained
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China’s dependence on the energy supplies that move through the Strait of Hormuz makes it especially vulnerable to any possible closure of the waterway by Iran in retaliation for attacks by Israel and the United States.
Just two days after President Trump deployed America’s military to attack Iranian nuclear development sites, a shaky ceasefire between Israel and Iran brokered by President Trump emerged. So...
This year, the Third Annual Energy Opportunity Lab (EOL) Forum will take place July 7th and 8th in Washington, DC, offering a chance for the Washington policymaking community...
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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.
The Climate Finance (CliF) Vulnerability Index is designed to provide a comprehensive understanding of climate vulnerability for nation states in order to improve the targeting and provision of climate change adaptation financing.