Journal Article

Building Blocks: A Strategy for Near-Term Climate Action

The Paris Agreement cemented a new framework for global climate policy based on the voluntary and non-legally binding emission reduction actions by both developed and developing countries. The building blocks strategy for climate action discussed in this Special Issue is well adapted to and strongly complements this new structure. Building blocks focus on multiple transnational

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FERC v. EPSA: Functionalism and the Electricity Industry of the Future

This article examines the Supreme Court’s recent decision in Federal Energy Regulatory Commission v. Electric Power Supply Association. It argues that the decision represents a deeply functional and pragmatic approach to the Federal Power Act. That approach, it concludes, represents a promising development for the future of electricity regulation, especially for programs such as net metering and

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Allocating the Economic Benefits of Renewable Energy Between Stakeholders on Small Island Developing States (SIDS): Arguments for a Balanced Approach

For many Small Island Developing States (SIDS) the cost of producing electricity from imported fossil fuels is so high and the cost of renewable energy technology has fallen so significantly that transitioning towards renewable energy is likely to produce cost savings. A recent workshop at NYU School of Law, which brought together SIDS utility representatives

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The Merits of an ‘Integrated’ Approach to Performance-Based Regulation

The composition of utility revenues under performance-based regulation depends on the approach used to set base revenue allowances and the magnitude of financial performance incentives. For the most policy-responsive regime, regulators should pursue ‘integrated PBR’ by both broadening the set of performance incentives they offer and embracing benchmarking for base revenue allowances. Published in: The Electricity Journal (2015)

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Building Blocks for Global Climate Protection

This article presents an innovative institutional approach to supplement and ultimately strengthen the lagging United Nations Framework Convention on Climate Change (UNFCCC) process for negotiating a climate treaty that commits major emitting and developed countries to greenhouse gas emissions limitations. The Durban Platform for Enhanced Action does not aim to have such a treaty before

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A New Strategy for Global Climate Protection

This essay proposes an innovative institutional strategy for global climate protection, quite distinct from but ultimately complementary to the UNFCCC climate treaty negotiations. Our “building block” strategy relies on a variety of smaller-scale transnational cooperative arrangements, involving not only states, but also sub-national jurisdictions, firms, and civil society organizations, to undertake activities whose primary goal

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