UMass Professor of Economics James K. Boyce will join an all-star panel to advise California on implementing cap-and-trade emissions program to reduce carbon emissions. Boyce has focused on combining equity and efficiency in climate-change policy. Here’s the coverage from UMass In the Loop.
Economics professor James K. Boyce has been appointed by California Gov. Arnold Schwarzenegger to a 16-member panel that will advise the state on implementing a cap-and-trade system to reduce greenhouse gases.
Three years ago, California adopted the Global Warming Solutions Act, aimed at cutting the state’s greenhouse gas emissions to 1990 levels by 2020. A key element of that plan is the creation of a cap-and-trade program that is part of a regional market involving other participants in the Western Climate Initiative.
A faculty member since 1983, Boyce directs the environment program at the Political Economy Research Institute. His current work focuses on strategies for combining poverty reduction with environmental protection, and on the relationship between economic policies and issues of war and peace. Boyce is the co-editor of “Reclaiming Nature: Environmental Justice and Ecological Restoration” (2007) and author of “The Political Economy of the Environment,” published in 2002.
Boyce and other members of the Economic and Allocation Advisory Committee will provide recommendations on the allocation of allowances and the use of their value. The economic, financial and policy experts will also evaluate the implications of different allowance allocation strategies. The committee is expected to submit a report to the California Air Resources Board by the end of the year.
“By designing a cap-and-trade program that will achieve our greenhouse gas reduction goals without impairing robust economic growth, California has the opportunity to provide a model for the rest of the country, and indeed the rest of the world,” said Schwarzenegger in his appointment letter to the committee. “The committee’s input will be critical to the design of such a program, so it is no exaggeration to say that the eyes of the world will be upon your work.”
The Economic and Allocation Advisory Committee is chaired by Larry Goulder, the Shuzo Nishihara Professor in Environmental and Resource Economics at Stanford University.June 24, 2009.