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Gulf Cooperation Council (GCC) countries have not only the world's lowest costs for oil and gas production but also the lowest costs for electricity generated from renewable energy sources.
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Last year, an energy permitting reform bill sponsored by Senators Joe Manchin and John Barrasso passed out of committee but failed to gain full support in the US...
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Today the Center on Global Energy Policy released a new study, The Renewable Fuel Standard: A Path Forward (PDF), authored by Dr. James Stock, a former Member of the President’s Council of Economic Advisers and now a Harvard economist and non-resident Fellow at the Center.
In the paper, Stock finds that the Renewable Fuel Standard (RFS) is currently imposing costs while failing to provide support for low-carbon second-generation biofuels that can help achieve the program’s energy security and environmental goals.
Stock considers both regulatory and legislative reforms. Central to these reforms is providing certainty about a future policy path and developing a realistic plan for reducing the costs arising from the E10 blend wall. Stock argues that the RFS should be reformed because, absent a comprehensive market-based solution for lowering GHG emissions, it remains an important policy tool for the United States in its goal to reduce emissions, as well as decrease reliance on foreign oil supplies.
Stock examines three possible policy paths forward for the RFS, and finds that the best option would be for EPA to expand the amount of renewable fuel in the fuel supply, consistent with the intent of the statute. But for this path to be cost effective it needs to be coupled with credible steps to expand the consumption of higher blends of ethanol such as E85. Additional legislative reforms could further reduce the program’s cost while sharpening its focus on second-generation fuels.
World leaders are meeting in New York this month at the request of the United Nations Secretary-General António Guterres to discuss the state of global ambition on climate change.
A key component of the Paris Agreement is Article 6, which introduces a framework to facilitate voluntary cooperation between―primarily using carbon credit trading―to help achieve their nationally determined contributions (NDCs) more cost-effectively.
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.
