S. 3510
which would require the Director of the Office of Management and Budget to issue guidance with respect to natural disaster resilience, was passed by the House.
which would require the Director of the Office of Management and Budget to issue guidance with respect to natural disaster resilience, was passed by the House.
In February 2022, the Intergovernmental Panel on Climate Change (IPCC) promulgated climate-resilient development (CRD), which combines adaptation and mitigation as a principal strategy for managing climate change. This Article discusses local land use law in the context of CRD and provides a methodology for identifying and evaluating strategies that address the global climate crisis at the local level. Local governments have the power to integrate land use strategies that include CRD components, and the IPCC identified these strategies as effective tools for implementing CRD. This Article provides a framework that defines the evolving field of CRD and facilitates its implementation.
would enhance the federal government's planning and preparation for extreme weather and the federal government's dissemination of best practices to respond to extreme weather, thereby increasing resilience, improving regional coordination, and mitigating the financial risk to the federal government from such extreme weather.
would amend the Internal Revenue Code to establish a tax credit for abatement and sequestration of carbon dioxide equivalent through agricultural methods.
would direct the EPA Administrator to establish a grant program to facilitate the development of climate adaptation plans by certain entities.
would amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from requiring an issuer to disclose information related to certain greenhouse gas emissions.
would establish an international terrestrial carbon sequestration program and provide international technical assistance for carbon market development.
Economic theory suggests that pollution tax and cap-and-trade regulations can be functionally equivalent. Environmentalists tend to prefer the firm emissions cap in cap-and-trade programs, while economists and business interests tend to prefer the price certainty of tax programs. But both may be overlooking behavioral distinctions between the two policies. Using a novel randomized case experiment, this Article tests whether the framing changes negotiated policies. It finds that negotiators reach more environmentally protective policies under the tax rather than the cap-and-trade frame, a finding which comports with real-world observations that carbon taxes tend to be higher than permit prices in carbon cap-and-trade programs. The findings have two important implications. First, negotiators treat pollution tax and cap-and-trade regulations differently—they are not psychologically equivalent. Second, contrary to the general environmentalist preference for cap and trade, taxes may generate greater environmental protection.
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