Meeting the goals of the Paris Agreement will require a rapid decline in global fossil fuel production and related investment.

Reducing fossil fuel supply is necessary to meet the Paris Agreement goal to keep warming “well below 2°C”. Yet, the Paris Agreement is silent on the topic of fossil fuels.

This paper examines how best to use revenues from a carbon tax to achieve both climate and non-climate goals, identifying pitfalls and strategies to avoid them. As many governments around the world consider carbon taxes (and other forms of carbon pricing), a common question is what to do with the revenue they generate.

The United States now produces as much crude oil as ever – over 3.4 billion barrels in 2015, just shy of the 3.5 billion record set in 1970. Indeed, the U.S. has become the world’s No. 1 oil and gas producer.

This paper examines the implications for U.S. fossil fuel production and global CO2 emissions of ceasing to issue new federal leases for fossil fuel extraction and not renewing existing leases for resources that are not yet producing. Avoiding dangerous climate change will require a rapid transition away from fossil fuels.

Climate policy and analysis often focus on energy production and consumption, but seldom consider how energy transportation infrastructure shapes energy systems. US President Obama has recently brought these issues to the fore, stating that he would only approve the Keystone XL pipeline, connecting Canadian oil sands with US refineries and ports, if it ‘does not significantly exacerbate the problem of carbon pollution’. Here, we apply a simple model to understand the implications of the pipeline for greenhouse gas emissions as a function of any resulting increase in oil sands production.

This working paper explores the question of target “time frame” and its implications for the generation and use of tradable emissions units.

This discussion brief synthesizes key issues being explored by an ongoing Stockholm Environment Institute (SEI) project on fossil-fuel infrastructure investments around the world.

At COP 17 in Durban, the Parties called for new market mechanisms, and more broadly, “various approaches, including markets” to “achieve a net decrease and/or avoidance of greenhouse gas emissions”.

This report examines the potential for trade to shift production to the lowest-emission locations and thus reduce overall emissions, and explores the viability of policy approaches to spur such a shift.