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The document critiques the proposal for 'dynamic allocation' of free emission allowances in the EU ETS post-2020, which would remove caps on free permits for industrial sectors. It argues this model enables windfall profits, reduces incentives for innovation, and shifts a significant financial burden to taxpayers. The author recommends full auctioning of allowances as the default method to uphold the polluter-pays principle and suggests using auctioning revenues to fund an industrial innovation fund for low-carbon technologies.

The event, organized by TERI in cooperation with the IPCC and CDKN, focused on India's vulnerability to climate change and the need for urgent adaptation and mitigation. Key discussions highlighted the risk of increased monsoon intensity and decreased rainy days, the threat of climate change as a 'threat multiplier' for India's poor rural population, and the potential for low-carbon economic growth. Speakers emphasized the importance of science, technology, and energy efficiency, while noting that the global carbon budget has already been halved.

The author argues that Dr. Charles R. Frank, Jr.'s analysis incorrectly concludes that nuclear and gas combined-cycle plants are more beneficial than wind and solar. By replacing Frank's data with empirical figures from the EIA and DOE, the author asserts that the priority for carbon savings actually shifts to hydro, wind, gas combined-cycle, nuclear, and solar. The critique highlights significant underestimations of renewable productivity and overestimations of gas and nuclear costs and reliability.

The report examines the financing of renewable energy in China, highlighting the transition from an electricity surcharge system to potential environmental fiscal measures. It analyzes global investment trends, the types and risks of renewable energy subsidies, and provides a framework for designing a carbon tax to fund the energy transition, drawing on international examples from Europe and North America.

The document evaluates the EU's climate policy instruments, finding that while 2020 targets are likely to be met, the reductions were driven more by the economic crisis than by policy. It highlights low cost-effectiveness due to a lack of uniform carbon pricing and notes that energy efficiency targets are at risk.

The EU ETS is currently failing to promote low-carbon solutions due to a carbon price that has plunged to around 5 euros per tonne of CO2, driven by a surplus of 2.1 billion tonnes of CO2-equivalent allowances. This oversupply is attributed to weak emission targets, the inflow of international offsets, and reduced demand following the economic crisis. The document warns that this surplus allows the EU to transform current emission reductions from other policies into 'future rights to pollute', potentially reducing the domestic impact of the 2030 climate target from 40% to 34%. To fix the market, the author recommends increasing the linear reduction factor to 2.6%, permanently cancelling 1.6 billion excess allowances, enacting the Market Stability Reserve by 2017, and transitioning to full auctioning for all industrial sectors post-2020 to eliminate windfall profits and adhere to the polluter-pays principle.

EU coal emissions rose 6% from 2010 to 2013, contributing to 18% of total EU CO2 emissions. This increase was driven by fuel-switching from gas to coal in Germany, the UK, and Poland, which together account for 66% of coal-based emissions. While renewables and falling demand reduced overall fossil generation by 4.3% per year, the low carbon price under the EU Emissions Trading System (ETS) failed to prevent coal's resurgence. The report warns that the Industrial Emissions Directive (IED) may not force expected closures because of cheaper compliance technologies and the introduction of capacity markets, particularly in the UK and Poland, which risk locking in high-carbon infrastructure into the 2030s. Modelling suggests that if coal remains cheaper than gas, emissions will fall only 3% by 2016, though the potential for fuel-switching will increase by 2020. Sandbag recommends urgent ETS reform, mandatory carbon intensity reporting, and targeted CCS funding.

The document analyzes the impact of California's Cap and Trade Program on the cement industry, using financial modeling and interviews to assess abatement options. It finds that while carbon pricing makes some investments more attractive, significant barriers—such as short internal payback period requirements (1.5-3 years), uncertainty regarding alternative fuel supplies, and prescriptive customer procurement standards—often outweigh the carbon price signal. The authors suggest that complementary policies, such as public financing for long-term projects and performance-based procurement standards, are necessary to unlock low-cost emissions reductions.

The document analyzes a proposed update to Alberta's Specified Gas Emitters Regulation (SGER) known as the "double-double" approach, which would increase the emission intensity improvement standard to 24 per cent and the price ceiling to $30. Modelling suggests this would result in a total compliance obligation of approximately 29 million tonnes in 2020, with costs for the oil sands sector estimated at $0.13 per barrel. The author recommends indexing the price ceiling to inflation, reviewing cogeneration credits, improving intensity benchmarks, and expanding coverage to facilities emitting over 50,000 tonnes annually.

The report analyzes the implementation of the Effort Sharing Decision (ESD), which targets non-ETS sectors responsible for nearly 60% of EU emissions. While 15 Member States are projected to over-achieve their 2020 targets, others face significant gaps, particularly in road transport and buildings. The document highlights that while the overall EU 2020 target is likely to be met, several countries rely on flexibility mechanisms or planned additional measures rather than existing policies to close their emission gaps.

The report argues that there is no single blueprint for a green economy, but rather multiple pathways driven by local communities. It critiques 'green growth' for focusing on GDP and resource efficiency while often ignoring social justice, structural power asymmetries, and the needs of the poor. The document emphasizes the need to connect international financial and policy mechanisms with ground-level realities, suggesting that developing countries can 'leapfrog' industrialised pathways by investing in low-carbon infrastructure. Key recommendations include 'greening' existing financial flows like Official Development Assistance (ODA), integrating social justice goals from the outset of policy design, and diversifying political narratives to include indigenous and non-Western knowledge.

The report analyzes 2013 cable news segments from CNN, Fox News, and MSNBC, finding significant disparities in scientific accuracy. MSNBC had the highest accuracy rate (92%), followed by CNN (70%) and Fox News (28%). The authors argue that misleading coverage, particularly the use of 'false debates' on CNN and the disparagement of scientists on Fox News, hinders democratic dialogue on climate policy by conflating established scientific facts with political opinions.

The report evaluates India's 'Green Industrial Policy' as a blend of market-failure corrections and traditional industrial development goals. While the 'green' objectives—energy access, security, and GHG abatement—have seen success, the industrial policy goals of creating a competitive domestic manufacturing base and fostering R&D have fared poorly. The solar sector has struggled against cheap imports, while the wind sector, though more mature, has seen a decline in global competitiveness and a recent drop in installations following the withdrawal of tax incentives.

The report finds that while the EU ETS initially focused management attention on CO2, a declining carbon price and free allocation rules have since diminished its impact. Most emission reductions were driven by economic cycles or non-ETS regulations. The authors argue that current free allocation creates distortions, such as discouraging asset rationalization and incentivizing excess clinker production. To unlock deep mitigation like Carbon Capture and Storage (CCS) and clinker substitution, the report recommends strengthening the carbon price signal, reforming leakage protection through output-based allocation or the inclusion of consumption, and providing targeted innovation support.

The document examines Europe's position within a global 'leading group' of countries advancing energy efficiency, renewable energy, and carbon pricing. It argues that staying in this group is essential for Europe to attract investment, drive innovation, and reduce dependence on energy imports. The authors contend that energy prices are not the primary driver of global competitiveness for most industries, as 92% of German manufacturing spends less than 1.6% of revenue on energy. For the small minority of energy-intensive sectors, the report asserts that price differentials are primarily caused by natural resource endowments rather than climate policies, and that existing 'Carbon Leakage' protections in the EU ETS mitigate competitive risks. The report concludes that a coordinated European low-carbon strategy can create net-employment gains and maintain international credibility in climate negotiations.

The briefing outlines a strategic policy framework for California to maintain its climate leadership and reach its 2050 emissions targets. It emphasizes the need for a 2030 carbon cap to provide investment certainty and recommends specific reforms: transitioning utilities to performance-based regulation, implementing energy labels for existing buildings, enhancing the Low Carbon Fuel Standard, and establishing 'gold standard' methane emissions regulations. The authors also advocate for regional cooperation with other U.S. states and technical collaboration with China to scale clean energy technologies globally.

The document reports a significant decline in federal political will to regulate carbon emissions in Canada during 2013, specifically noting the delay of oil and gas regulations. In contrast, provinces took leading roles: Ontario phased out coal-fired electricity, Quebec launched a cap-and-trade system linked to California, and British Columbia maintained its carbon tax. The brief highlights the 'Keystone effect,' where U.S. market access for the Keystone XL pipeline became linked to Canada's GHG performance. It concludes that federal 'equivalency' agreements—intended to align provincial and federal standards—have stalled due to complexity and lack of political will, recommending that Canada embrace a bottom-up approach to subnational policy alignment.

The report argues that the current investment industry is decoupled from the needs of a sustainable, low-carbon economy due to systemic 'short-termism', a lack of ESG integration in mainstream strategies, and an inability to price sustainability risks. It proposes a multi-pronged policy approach: creating open markets with clear carbon pricing, reforming executive compensation to reward long-term performance, increasing corporate transparency through mandatory ESG reporting, and providing transitional support via green investment banks and innovative financing tools. The document highlights international examples, such as the UK's Green Investment Bank and Norway's Government Pension Fund, to demonstrate how policy can mobilize private capital for sustainable development.

The report argues that green bonds can lower the cost of capital for green industries and increase financial transparency. It analyzes international experiences from development banks and municipal markets to propose a four-step blueprint for China: defining eligible green investments, coordinating regulatory frameworks, engaging investors through roundtables, and launching pilot projects across sovereign, municipal, and corporate issuers.

The report argues that China can leverage green bonds to meet its 12th Five-Year Plan environmental goals and reform its financial system. It proposes a roadmap including the definition of eligible green investments, the use of covered bonds to increase transparency for local government debt, and the creation of a Foreign Direct Investment (FDI) window for green bonds. The authors suggest that government support through tax incentives, first-loss provisions, and the use of state-owned enterprises for demonstration programs is essential to kick-start the market and attract both domestic retail and international institutional investors.