Over the coming decade, the power sector is expected to invest ~7.2 trillion USD in power plants and grids globally, much of it into CO2-emitting coal and gas plants. These assets typically have a long lifetime and commit large amounts of (future) CO2 emissions. Here, we analyze the historic...

This paper analyses the design of carbon markets in time (i.e., intertemporally). It is part of a twin set of papers that ask, starting from first principles, what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of...

This article suggests that some or all G-20 Emerging Markets (GEMs = Argentina, Brazil, China, India, Indonesia, Korea, Mexico, South Africa, and Turkey) could seize the climate policy agenda and open up these broader opportunities with a coordinated, self-interested announcement to exploit the...

Over the coming decade, the power sector is expected to invest ~7.2 trillion USD in power plants and grids globally, much of it into CO2-emitting coal and gas plants. These assets typically have a long lifetime and commit large amounts of (future) CO2 emissions. Here, we analyze the historic...