Heads in the Snow
This isn't news to any of our readers, but as a massive winter storm descends on the East Coast, let us be clear about one thing: The existence of a terrible, extreme snowstorm, far from belying the existence of "global warming"/climate change, actually confirms it. According to every model and every prediction of the phenomenon, climate change will cause more extreme weather, both in terms of cold and heat. That the east coast is suffering from a once-in-a-centur...
CONTINUE READINGPutting a Human Face on Hydraulic Fracturing
It is rare when new web content makes one want to sit back in an easy chair, study every image, and follow every word. Let me tell you about one offering that not only delivers that kind of quality, but focuses on one of the critical environmental and social issues currently facing the country. The Nevada Museum of Art maintains a Center for Art + Environment Blog. Its latest entry begins a new series called “Fractured: North Dakota’s Oil Boom”. The first submissi...
CONTINUE READINGThe Talmud and the Endowment Effect
The endowment effect is one of the most important aspects of behavioral economics. It postulates that losing something is worse than gaining something is good. One can easily see it applied to various aspects of property law: it is worse to lose a piece of property that you think is yours than to gain a piece of property that previously was not yours. Justice Holmes expressed the idea intuitively more than a hundred years ago: A thing which you have enjoyed and u...
CONTINUE READINGAirpocalypse Now: China’s Tipping Point?
The recent run of air pollution in China, we now know, has been worse than the air quality in airport smoking lounges. At its worst, Beijing air quality has approached levels only seen in the US during wildfires. All of the comparisons to London, Los Angeles, and New York in the last century are beside the point. Air pollution at these concentrations constitutes a public health emergency. Fine particulate (PM2.5) concentrations of 250 µg/m3 are considered emergen...
CONTINUE READINGHas New Urbanism Killed Land Use Law?
My Land Use casebook, like most of them, mentions New Urbanist zoning and planning techniques, but does not dwell on them. In order to teach New Urbanist concepts such as Form-Based Codes, SmartCode, and the Transect, I had to develop my own materials, as well as shamelessly stealing a couple of Powerpoint presentations from a friend who works at Smart Growth America. What's the cause of this gap? Is it because land use professors have a thing about Euclidean zo...
CONTINUE READINGHarvard Offers A Natural Experiment for Testing Whether Place of Work Determines Where We Live
Readers of this blog are well aware that fossil fuels aren't correctly priced to reflect the social cost of their consumption. Many economists believe that the U.S gas tax should be at least $1 higher per gallon. In the absence of such Pigouvian Pricing, there is a negative carbon externality associated with living further from where you work (especially if you drive to work). Urban economists have long sought to model the joint choice over where people work and where p...
CONTINUE READINGA New Feast for Environmental Policy Wonks
The Winter 2013 issue of the always-invaluable Journal of Economic Perspectives is just out, and it is a treasure for environmental policy people. It features a symposium on tradeable pollution permits, with contributions from among others William Pizer and Robert Stavins. It not only reviews the history of tradeable permits in air pollution, but also considers the feasibility of moving the technique to water pollution. Here are the pieces and the abstracts. E...
CONTINUE READINGLiterally Trashing the Environment
No, not another rap on Joe Biden. The world literally wastes an awful lot of food, notes the International Herald Tribune: Between 1.2 billion and 2 billion tons of the 4 billion tons of food produced around the world every year never gets eaten, according to a new survey by a group of British engineers. That means that up to half of all food produced for human consumption is thrown away. It's obvious that this waste has environmental consequences, because energy is b...
CONTINUE READINGThe Precarious Legality of Cost-Benefit Analysis
Cost-benefit analysis has become a ubiquitous part of regulation, enforced by the Office of Management and Budget. A weak cost-benefit analysis means that the regulation gets kicked back to the agency. Yet there is no statute that provides for this; it's entirely a matter of Presidential dictate. And reliance on cost-benefit analysis often flies in the face of specific directions from Congress about how to write regulations. There are a few exceptions, such as regu...
CONTINUE READINGCellulosic Biofuel mandate for 2013
I mentioned the other day that the D.C. Circuit struck EPA's cellulosic biofuel mandate for 2012. Today, the New York Times reported on EPA's 2013 quota. EPA has proposed to raise the mandate to 14 million (ethanol-equivalent) gallons for 2013. EPA explicitly stated that it believes its 2013 proposal "is consistent with" the D.C. Circuit ruling. As I discussed previously, all the D.C. Circuit actually required of EPA was to not inflate its estimate based on policy r...
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