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Today the European Commission announced a climate and energy package for European Union (EU) heads of state to consider, which includes a domestic 40 percent reduction in greenhouse gas emissions by 2030 (below 1990 levels), a binding target of at least 27 percent renewable energy across the EU, and measures to improve the functioning of the Emissions Trading System.

California’s Cap-and-Trade Program Makes Encouraging Headway

As the federal government gets started implementing a national Climate Action Plan, the country’s boldest state-level experiment is making strong progress. Yesterday, California announced the results of its latest auction of carbon pollution permits, completely selling out of its permits for future carbon pollution for the first time. The increased demand for these pollution permits reflects an encouraging development: Confidence in California’s climate action program is growing, and its long-term future is becoming more and more certain.

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Bringing together some of the world’s foremost economic experts to contribute to the global debate about economic policy, and to inform government, business and investment decisions.

Building support for action on climate change by ensuring that policy makers, media and citizens are aware of the local climate impacts occurring across the country.

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