Climate and energy economist at MIT Sloan. Former DAS at Yellen Treasury.
Catherine Wolfram
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Here are the links to the reports
IEA: www.iea.org/reports/stat...
GCPP: salatainstitute.harvard.edu/building-a-c...
How? By joining forces on carbon pricing, e.g. for heavily traded goods like steel and aluminum, countries can both protect competitiveness and advance climate goals.
A complementary way to drive action is to support decarb investments, as the EU is doing in India through the free trade agreement.
Ugh.
www.nytimes.com/2026/04/14/w...
BREAKING: $4 is back. The national average has just reached $4/gal according to GasBuddy, the highest since August 8, 2022. The rise is now the largest monthly increase GasBuddy has ever recorded: $1.059/gal for gasoline, $1.701/gal for diesel.
As you can see from the dotted line on the IEA graph, many of the carbon price levels are not in the “highest stringency” category, meaning the prices are low.
This is the gap that the Open Coalition, launched by Brazil at COP30, is well-positioned to address.
icapcarbonaction.com/en/news/coun...
Credit where it’s due: #CBAM deserves much of the credit for this recent explosion in carbon pricing. Huge kudos to the EU.
www.rff.org/publications...
The 2nd, from Global Climate Policy Project at Harvard and MIT's flagship “Building a Climate Coalition” report from Sept ‘25, shows that when you zero in on the #cbam sectors and add carbon pricing policies enacted but not yet in force (e.g., Brazil and India), over 80% of emissions are covered!!
A 🧵on two of my all-time favorite charts.
The 1st, just published by the @iea.org in the “State of Energy Policy 2026” report shows that more than half of industrial CO2 emissions are now covered by carbon pricing. Reports linked below.
J posted on @bruegel.org: "We find that countries with greater trade exposure to CBAM are significantly more likely to adopt carbon pricing policies following the European Commission’s announcement of the carbon border measure in 2019."
Can't wait to see the paper!
www.bruegel.org/newsletter/w...
29 days ago, the Trump Administration removed sanctions on Russian oil for 30 days. Hopefully, they don't extend that relief tonight.
www.banking.senate.gov/newsroom/min...
