I'm delighted to announce the release of the Flagship Report of the Global Climate Policy Project at Harvard and MIT Working Group on Climate Coalitions on "Building a Climate Coalition: Aligning Carbon Pricing, Trade, and Development."

ceepr.link/3VmgC7g

A 🧵 on what we do/find:

Great new analysis that shows how a climate coalition could reduce emissions 7x more than current policies while raising ~$200B/yr in revenue, mostly from domestic carbon pricing.

I was surprised to see that >80% CO2 in the steel, cement, aluminum, fertilizers are already covered by carbon pricing!

Talk of a global carbon pricing scheme grows louder ahead of COP30 Brazil wants to use the presidency to push for an international framework

Nice coverage of the climate coalition work in today's FT!

"Brazil now wants to use the COP30 presidency to push for a different international carbon pricing framework — one based on multilateral agreement, rather than with the EU as the de facto sole standard-setter."

on.ft.com/4p0UnBv

E&E News: International carbon taxes would expand under climate proposal A coalition of nations that tax domestic carbon emissions would impose carbon fees on certain imports from countries outside the coalition.

Nice write up of our climate coalitions work in E&E News.

"The idea of a climate coalition was outlined by experts ... in June as a way to make climate action more durable by aligning climate goals with countries’ economic interests."

subscriber.politicopro.com/article/eene...

It's rare to get to work on something that's both supported both by fundamental economic theory and practically implementable. A Global Climate Coalition is exactly that. We'll have a final report out in September with more.