I’m very pleased to announce that we have launched a new webinar series from the Harvard Project on Climate Agreements – “Conversations on Climate Change and Energy Policy,” which features presentations, interviews, and other engagements with leading authorities on climate change and related energy policy, whether from academia, the private sector, NGOs, or government.
I think it is fair to say that Professor O’Sullivan is the quintessential Harvard Kennedy School faculty member, because in addition to her extensive and relevant scholarly research, she has had abundant experience in the policy world as a practitioner, including work in policy formulation and negotiation as a Special Assistant to President George W. Bush.
The webinar begins with Meghan’s presentation on “The Geopolitics of the Global Upheaval in Oil Markets,” in which she touches on the recent impacts on global oil markets of both price competition and the demand shock associated with the COVID-19 pandemic. Following her presentation, I pose some questions, drawing – in part – on ones submitted by webinar participants.
Again, a recording of the webinar with a complete transcript is available here. I hope you will check it out.
In most institutions, individuals range from highly competent to barely qualified. And they also range from a real pleasure to a real pain to work with. Such a range of individuals may exist in any organization, and the international climate change negotiations – otherwise known as the United Nations Framework Convention on Climate Change (UNFCCC) – is no exception.
Kelley Kizzier is well known – and highly respected – by those who have labored in the international climate negotiations over the past 15 years. But hers may be a new name to some of you. So, please read on.
Kelley was the European Union’s lead markets negotiator in the climate negotiations for 14 years. And for the last three years of that period, she also served as the UNFCCC co-chair of the negotiations on Article 6 of the Paris Agreement, a key part of the Agreement, which we’ve had an opportunity to discuss in previous episodes of the podcast – with Andrei Marcu, Paul Watkinson, Jos Delbeke, and Sue Biniaz.
Before beginning work with the EU in Brussels, Kelley held senior roles in Dublin with the Irish Environmental Protection Agency. And most recently, since 2019, Kelley has served as Associate Vice President for International Climate at the Environmental Defense Fund.
Our conversation was wide ranging, including Kelley’s professional background, the evolution of the UNFCCC, the structure of the Paris Agreement, and the challenges and opportunities now facing the climate negotiations. Through it all, she demonstrates considerable optimism, mixed with a healthy dose of realism.
In addressing a question about the postponement of COP-26 in Glasgow, Scotland, originally scheduled for November, 2020, she remarks that “the postponement of the COP should not delay urgent action by countries to step up their ambition. And I hope that no one finds comfort in that delay, that we are still urgently looking to up our game in terms of ambition.”
Kelley cites several recent positive developments in international climate policy, particularly in the EU where its new “Green Deal” may be implemented. The Deal stipulates even more significant carbon emission reductions than the 40% cut that was previously promised by the EU member states.
“It’s a centrist acceleration of established EU climate policy,” she says. “And through that, they have announced that they’re going to take that target to 50 or even 55% reduction by 2030 [as compared with 1990 levels].”
Looking forward to the re-scheduled COP-26 in November, 2021, Kizzier expresses her optimism that nations will be prepared to finalize the rules (the so-called “Rulebook”) of international climate policy cooperation (and carbon markets) under Article 6 of the Paris Agreement.
“COP-26 is about ambition, and it’s going to be important, in that context, to push for us to complete The Paris Rulebook. Because the rules matter, and we can’t afford to lock in carbon market rules that undermine the integrity of the targets,” she says. “Agreement on these rules, as important as it is, should not be a barrier to action. We simply can’t afford delay.”
David Keith, professor at Harvard and a leading authority on geoengineering
Joe Aldy, professor of the practice of public policy at Harvard Kennedy School, with considerable experience working on climate change policy issues in the U.S. government
Scott Barrett, professor of natural resource economics at Columbia University, and an authority on infectious disease policy
Rebecca Henderson, John and Natty McArthur University Professor at Harvard University, and founding co-director of the Business and Environment Initiative at Harvard Business School.
Sue Biniaz, who was the lead climate lawyer and a lead climate negotiator for the United States from 1989 until early 2017.
In my conversation with Dick Schmalensee, the Howard W. Johnson Professor of Management, and Professor of Economics Emeritus at the Massachusetts Institute of Technology, he reflects on his many years working on environmental policy in public service and in academia. Abundant insights arise, including important lessons for current climate policy deliberations in the United States, Europe, China, and other countries.
Professor Schmalensee was Dean of the MIT Sloan School of Management for 10 years, and Director of the MIT Center for Energy and Environmental Policy Research for 12 years. Before and during those years, his research and teaching were in multiple areas of application of industrial organization, including antitrust, regulatory, energy, and environmental policies.
In this latest Podcast episode, our conversation begins with Dick’s upbringing in a small town in southern Illinois, his move east to college and graduate school at MIT, his dissertation research, and the professional path that took him after receipt of his Ph.D. degree, first to California, and then back east to MIT’s Sloan School of Management. We turn to his career in regulatory economics and policy – both his scholarly research and his close involvement in policy development and implementation, where he was “in the words of ‘Hamilton,” in the room where it happened.”
You won’t be surprised that we take time to focus on: the pathbreaking cap-and-trade program launched by the Clean Air Act Amendments of 1990; and political changes in the United States that have moved environmental policy from being a truly bipartisan issue to a partisan one in today’s highly polarized politics. Much of our conversation is about the current state of climate change policy – and policy research – both domestically and globally.
Throughout the interview, Dick is at home in his disarming style of candid conversation, with no punches pulled. He terms current U.S. climate change policy “a disaster,” saying it was a mistake “walking away from Paris, walking away from any sense that it’s important that we deal with our emissions and indeed walking away from the potential federal role in helping states and localities adapt to change.”
My conversation with Dick Schmalensee is the eleventh episode in the Environmental Insights series. Previous episodes have featured conversations with:
David Keith, professor at Harvard and a leading authority on geoengineering
Joe Aldy, professor of the practice of public policy at Harvard Kennedy School, with considerable experience working on climate change policy issues in the U.S. government
Scott Barrett, professor of natural resource economics at Columbia University, and an authority on infectious disease policy
Rebecca Henderson, John and Natty McArthur University Professor at Harvard University, and founding co-director of the Business and Environment Initiative at Harvard Business School.
Sue Biniaz, who was the lead climate lawyer and a lead climate negotiator for the United States from 1989 until early 2017.