Project Report:
Pricing Carbon Initiative Dialogues, Public Forums, CBAM Project, and Capacity Building in 2014
Purpose
- Investigates the causes of economic imbalances.
- Investigates the effect of the global financial system and/or the monetary system in fostering a sustainable economy.
- Investigates causes tending to destroy or impair the free-market system.
- Explores and develops market-based solutions.

Summary

In 2024, the Pricing Carbon Initiative (PCI) will continue with its mission, launched in 2011, to build support for bipartisan carbon pricing solutions, designed to drastically reduce greenhouse gas emissions, by fostering understanding and cooperation between a wide range of organizations and opinion leaders. Specifically, the Walker Foundation funding this year will assist PCI with projects informed by the day-long Pricing Carbon Dialogue on January 23, at Brookings Institution. That work will involve virtual Dialogues, public forums, the “Convening the Conveners” project (seeking viable CBAM opportunities) and overall PCI capacity building.

Purpose

1) PCI focuses on policies that correct the economic distortions resulting from the free dumping of carbon pollution into Earth's atmosphere and oceans.


2) While focusing on U.S. domestic legislation, we address design elements that transparently link with a global carbon pricing system and foster global economic sustainability.


3) A robust economic consensus suggests the need to price in the externalities associated with fossil fuel burning. Otherwise, the costs of climate change threaten to undermine and destroy global economic stability.


4) Policies to price carbon pollution will take advantage of existing energy markets to correct price signals in the use of fossil fuels that ignore the social costs of carbon. Negative externalities not included in prevailing models, such as the acidification of oceans, must be included in the mix. Pricing carbon emissions can correct the distortion in energy markets whereby fossil fuels are favored over low-carbon alternatives.

Scope

The scope of this project is national, but given the ongoing unfavorable political dynamics in Washington DC, we are also remaining attentive to international, state-based, and various legal initiatives that could be important forerunners of much-needed national pricing carbon solutions.

Amount Approved
$40,000.00 on 1/18/2024 (Check sent: 1/30/2024)



Address
P.O. Box 125
South Lee, MA 01260


Phone
(413) 717-8211

Contacts


Mr. Thomas H Stokes
Director, Pricing Carbon Initiative

Posted 1/15/2024 12:05 AM
Updated   3/27/2024 6:08 PM

  • Nonprofit

© 2024 Alex C. Walker Foundation