Harvard professor Robert Stavins joins Latham partner Bob Wyman to review key climate change mitigation policies.

California’s climate change mitigation program is widely viewed as one of the most comprehensive of its kind — encompassing a cap-and-trade component and a series of complementary measures with specific performance targets for important sectors such as motor vehicles, transportation fuels, power plants, and emissions related to land use decisions.

In this Viewpoints video, Latham partner Bob Wyman, a leader in the firm’s Environment, Land & Resources Department, discusses unique aspects of the California program with Harvard University professor Robert Stavins, the A.J. Meyer Professor of Energy & Economic Development at the John F. Kennedy School of Government.

The two veterans of climate change policy explore the purpose and design of climate change programs in California and globally that deliver environmental performance at lower cost, and they explain key terms such as a price ceiling, “speed bumps,” and the banking of carbon emissions allowances.

Latham Viewpoints is a video series spotlighting hot topics in the practice and business of law.