Year: 2012
BART 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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CONTINUE READINGMore Good News About Implementing AB32
Below I report a new announcement posted to the California Air Resources Board Webpage discussing how a small group of academic economists will be playing a new role in designing the AB32 Cap & Trade program. Here is the announcement. My bottom line is that ARB has hired a Dream Team. Forget Lebron James and …
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CONTINUE READINGThe Mythical Threat of a Regulatory Deluge
Conservatives are now spreading the myth that, if the country fails to elect Mitt Romney, the aftermath will be a deluge of federal regulations. Republican state attorney generals are hitting the campaign trail to this fear of a coming regulatory flood in a post-Romney world. (here). This myth has been debunked by Cass Sunstein, who …
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CONTINUE READINGThe Top Ten Problems with Romney’s Energy Proposal
It’s a great plan in terms of increasing oil and coal profits while helping to cook the planet. Not so great otherwise.
CONTINUE READINGThe D.C. Circuit’s Activist Ruling on Interstate Pollution
About ten days ago, the D.C. Circuit struck down EPA’s effort to establish a cap-and-trade system for pollutants that cross state lines. Now that I’ve had a chance to read the lengthy opinion in EMR Homer City Generation v. EPA, I’m struck by the aggressiveness of the court’s intervention, which goes well beyond the customary …
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