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The document serves as an executive guide for companies exploring carbon pricing. It notes a significant increase in corporate adoption, with over 1,000 companies now reporting internal carbon pricing or plans to implement it within two years, compared to 150 in 2014. Additionally, a similar number of companies are advocating for government-led carbon pricing actions.

The document defines cap-and-trade as a market-based system that sets a maximum limit on greenhouse gas emissions, creating a carbon price through the supply and demand of emission allowances. It details the differences between upstream and downstream regulation, compares cap-and-trade to carbon taxes, and lists existing programs such as the EU-ETS and RGGI.

The U.S. is leading global CCUS development, driven by the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, with over 120 projects in planning or construction. China is rapidly expanding its capacity, having commissioned its first million-ton project in 2022 and developing several large-scale demonstration projects. Both nations face significant barriers: the U.S. struggles with commercial bank financing and public perception, while China lacks a comprehensive regulatory framework and large-scale transport infrastructure. Under the Sunnylands Statement, the two countries aim to advance at least five large-scale cooperative CCUS projects each by 2030.

The document provides a comparative analysis of climate policy tools in the US and China. It details the US's reliance on subnational carbon pricing and evolving SEC disclosure rules, and China's implementation of the world's largest emissions trading system (ETS) and its 'common but differentiated responsibilities' approach to international finance. It concludes by suggesting cooperation on sustainable procurement, emission accounting standards, and subnational carbon market exchanges.

The briefing examines the climate policy landscapes of the U.S. and China, noting that while the U.S. lacks a national carbon price, it has significant subnational activity. China has established the world's largest emissions trading scheme (ETS) but maintains that it is not obligated to provide international climate finance as a developing nation. Both countries are advancing corporate climate disclosure rules, though they differ on the requirement for Scope 3 emissions. The paper suggests cooperation on sustainable procurement, data standards for emission accounting, and subnational carbon market exchanges.

The document argues that the COVID-19 crisis is a critical window to shift from 'snapshot to transition thinking,' urging governments to use stimulus packages to accelerate future technologies like renewable energy while phasing out fossil fuels. It highlights a concerning trend where approximately 30% of global fiscal stimulus is directed toward high-environmental-impact sectors, often without sustainability conditions. The report advocates for a 'One Health' approach to prevent future zoonotic pandemics by protecting biodiversity, and calls for the integration of informal workers and urban poor into city-level recovery planning. Key recommendations include the elimination of fossil fuel subsidies, the implementation of 'do no harm' standards for bailouts, and increased financial support and debt restructuring for developing countries to facilitate a just transition.

The report outlines strategies for U.S. companies to adopt on-site renewable energy, focusing on solar, wind, geothermal, and solar thermal technologies. It details various ownership and financing models—ranging from direct ownership to third-party power purchase agreements—and analyzes the associated financial incentives, operational risks, and corporate benefits such as cost hedging and brand enhancement.

Michigan can achieve 98 percent of its Clean Power Plan emission reductions through existing clean energy policies, with the remainder achievable via better use of natural gas and coal plant efficiency. The state could further increase reductions by raising its renewable energy and energy efficiency standards, and potentially generate over $160 million annually through a market-based carbon pricing program.

The document argues for a tradable low-carbon cement standard in the United States that uses emissions intensity benchmarks to reward low-carbon producers and penalize high-emitters. It suggests that such a targeted approach could be more effective than economy-wide carbon pricing for the cement sector. The proposed standard would cover Scope 1 and Scope 2 emissions of CO2, CH4, and N2O per unit of clinker and mineral additives. Key design recommendations include starting the benchmark slightly below current average intensity, tightening it annually, and implementing price floors and ceilings for credits. The author emphasizes that this standard must be part of a broader policy suite, including innovation and demand-stimulation policies, to fully decarbonize the cement-concrete value chain.

The report assesses G20 countries' efforts to meet their Paris Agreement commitments, noting that while all have taken concrete actions, progress and ambition vary. Key highlights include India's aggressive solar targets, China's integration of environmental stewardship into its 13th Five-Year Plan, and Indonesia's peatland restoration efforts. However, challenges remain, such as Turkey's planned expansion of coal power and Saudi Arabia's lack of a formal 2030 GHG target.

The World Resources Institute (WRI) provides research and policy recommendations to support the United States' transition to a low-carbon economy. Its work spans industrial modernization in sectors like cement and steel, the deployment of renewable and clean firm power, and the development of carbon dioxide removal (CDR) strategies. WRI also focuses on systemic barriers such as permitting reform for energy transmission, the responsible sourcing of critical minerals, carbon pricing, and the electrification of transportation, including a specific initiative for electric school buses.

The report identifies that over 70% of food-related GHG emissions occur on-farm, making agricultural interventions critical for meeting global climate goals. It categorizes incentives into five types: price premiums, financing, knowledge sharing, new products/markets, and contracting. While examples like the Bayer Carbon Initiative and the Cool Soil Initiative show promise, the report notes significant challenges in scaling these programs for commodity markets and the technical difficulties of measuring farm-level emissions.