- 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.
This project will explore various aspects of climate change through the interplay of regulations and markets with important implications for climate policy.
Project Update 4 - 6/30/2022
4. The project's final financial report was added. Please see the document in the attachments labeled "Final Financial Report".
Project Updates 2 and 3 - 3/31/2022
2. A report was published on “Net-zero innovation hubs: 3 priorities to drive America’s clean energy future” on 3/15/2022
3. On March 30, 2022, an event was held on “Can state-level carbon pricing help achieve national climate goals?” This event explored current state-level carbon pricing initiatives and their role in U.S. climate policy, with particular focus on the challenges of carbon pricing in a federal system.
Project Update 1 - 3/1/2022
A well-functioning electricity-grid and stable power supply are essential for a modern economy and for creating and maintaining economic advantages. Our power system becomes even more important in the age of climate change where electricity grids come under increased pressure from more extreme weather events, growing demand and the transition to a low-carbon economy. One of the core pillars of our current system is the provision of stable baseload power for 24 hours a day, as well as throughout any seasonal changes. Solving the problem of baseload power in a low-carbon economy will be critical for a successful transition away from fossil fuels, but the available options all have advantages and drawbacks. On February 16, the Brookings Center on Regulation and Markets held a private roundtable, bringing together key experts and stakeholders from various U.S. government agencies, academic and research organizations, and industries, to discuss this important topic.
Our project falls within the (1) and (4) categories of the Walker Foundation Grant Guideline topics. The proposed project will build on the CRM’s efforts to conduct research and policy work to advance our knowledge of how we can solve the climate crisis by leveraging both regulations and markets, and improve our understanding of the interplay between climate policy and market-based solutions. With a specific focus on issues that are currently underexplored in the debate, broad topics for our proposed climate work in the project period may include carbon pricing, climate risk management and technological solutions to climate change.
The target audience for our work is local and national policymakers, regulators, scholars, business executives, journalists, students and the public, and we will particularly draw on the expertise and networks of our policy advisory board and academic advisory board members for our research, policy and outreach efforts.
(Check sent: 11/30/2021)