Month: September 2012
Golden Rules for Fracking
Well, this is embarrassing. Kevin Drum, one of the best bloggers out there, posted a few days ago on the issue of whether hydraulic fracturing is good or bad for the environment. Kevin covers the ground that we have here before, namely: Yes, natural gas is better than coal or other fossil fuels in terms …
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CONTINUE READINGComments on FHFA’s Proposed Rule on Enterprise Writing Standards for PACE Programs
As we have chronicled earlier on this blog, the Federal Housing Finance Agency (FHFA)’s court-ordered rulemaking on Enterprise Writing Standards for Property-Assessed Clean Energy (PACE) programs resulted in thousands of public comments in response to the Agency’s Advance Notice of Proposed Rulemaking (ANPR)—the overwhelming majority in support of PACE. Today is the deadline for submitting …
CONTINUE READINGThe Simple Economics of Sustainability
I would like to offer a few thoughts about Dan’s recent post where he states; “The economic formulas assume that people want their children and grandchildren to be as well off as they are, no better and no worse. But people actually want the future to be better than the present, and they’re willing to …
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CONTINUE READINGWhat the Convention Speeches Could Teach Economists About the Discount Rate
The economic formulas assume that people want their children and grandchildren to be as well off as they are, no better and no worse. But people actually want the future to be better than the present, and they’re willing to make sacrifices for this to happen.
CONTINUE READINGWhat Is the Future Role of Fossil Fuels in the Electricity System?
If you put aside their environmental impacts, fossil fuels are wonderful for generating electricity. They are cheap, reliable, and currently in abundant supply. But the environmental drawbacks are considerable, and the most serious one is their contribution to climate change. To deal with climate change, do we need to adopt an attitude of unremitting hostility …
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CONTINUE READINGBART Turns 40: Some History Lessons
BART, the Bay Area Rapid Transit system, turns 40-years-old today, with the unfortunate anniversary of 9/11. Some historical and financial tidbits: The original system was supposed to serve Marin and San Mateo Counties, along with San Francisco, Alameda, and Contra Costa Counties. According to Stephen Zwerling, San Mateo dropped out due to concern that neighboring …
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CONTINUE READINGNEWSFLASH: Officials Vow to Stamp Out Recycling Fraud!!
Recycling and voting are both public goods. Just imagine if there was a campaign against fraudulent recycling like the campaign against voter fraud . . . .
CONTINUE READINGNew Report on Electric Vehicle Policies & Capitol Hill Briefing Today at Noon ET (webcast available)
The environmental law centers at UCLA and UC Berkeley Schools of Law today released a new report on industry actions and federal, state, and local policies needed to stimulate long-term, mass adoption of electric vehicles. “Electric Drive by ’25” (available from either UCLA Law or Berkeley Law) is the tenth report in our Climate Change …
CONTINUE READINGAprès Mitt le Déluge?
When accepting the Republican nomination, Governor Romney treated us to a bit of humor about climate change. “President Obama promised to begin to slow the rise of the oceans and heal the planet,” he said, “My promise is to help you and your family.” No one doubts that families need help, but is the idea …
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CONTINUE READINGAre PACE Financed Residential Energy Improvements Capitalized into Home Prices?
The FHFA believes that an unintended consequence of obtaining a PACE loan is to increase the risk of mortgage default. The FHFA’s logic is that if the green investments are not capitalized into home prices then the home owner’s equity decreases as equity = sales price – debt owed. Under these assumptions, the green …
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