cap-and-trade
Election review: what message did voters send about the environment, and how will politicians react?
It’s natural, in reflecting on the recent election, to ask whether and to what extent the results reflect public values about protection of the environment. (Well, at least for me, since I spend my time thinking about these things.) My answer: not much. But the election’s impacts on environmental issues will still be significant. While …
CONTINUE READINGPolitics versus Science in the 2010 Election Cycle
Here’s some fairly depressing news from Wonk Room: Remarkably, of the dozens of Republicans vying for the 37 Senate seats in the 2010 election, only one — Rep. Mike Castle of Delaware — supports climate action. Even former climate advocates Sen. John McCain (R-AZ) and Rep. Mark Kirk (R-IL) now toe the science-doubting party line. …
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CONTINUE READINGCalifornians still support action to reduce greenhouse gas emissions, according to new report
California, for better or worse, is still a bellwether state on many public policy issues. Public opinion here matters, not just as a predictor of our state’s future political direction, but also nationally. And California’s residents’ opinions about environmental issues are particularly important, given our state’s leadership on environmental issues. Right now, there is a …
CONTINUE READINGUtilities-Only Carbon Cap
The proposed utilities-only cap-and-trade system could be a step in the right direction, although it’s far from ideal.
CONTINUE READINGEnvironmental Property Rights (Part III)
An environmental property right (EPR) can be defined as an enforceable interest deriving from an environmental asset such as air quality or an undisturbed forest. EPRs are diverse and varied. Most EPRs are derived from statute rather than the common law, and many are of recent vintage. Some EPRs are marketable; others are not. Fundamentally, …
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CONTINUE READINGRand Paul and the Environment
Rand Paul, Kentucky’s Republican nominee for U.S. Senate, has obviously garnered huge attention in the last few days for his comments on civil rights. But his views about environmental topics ought to grab a few headlines too. Consider the following: — He’s called the Environmental Protection Agency “out of control,”, and ” a regulatory body run amok,” — …
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CONTINUE READINGNational Academy of Science Says the Science of Climate Change is Clear and It’s Time to Act Now
The National Academy of Science has joined a growing chorus of scientists and policymakers in underscoring the need for strong action to combat climate change. The Academy released three reports today as part of its America’s Climate Choices project, a project Congress requested in the last year of the Bush Administration to address what Congress should …
CONTINUE READINGThe Sting of the Long Tail: Climate Change, Delayed Harm, and Backlash
In the comments to Ann’s earlier post, the question was raised as to why global temperatures haven’t declined in response to the decline in carbon dioxide emissions from Europe in the past year. I made a quick response to this question in the comments, but I wanted to elaborate on that response here. What follow …
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CONTINUE READINGThe Ironic History of Cap-and-Trade
The phrase “cap-and-trade” is relatively new, but the idea of marketable pollution allowances goes back several decades. Conventional pollution laws impose direct mandates on polluters, telling each polluter precisely what level of pollution control is required. For a variety of reasons, economists have always disapproved of this approach. They prefer pollution taxes (a/k/a effluent charges) …
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CONTINUE READINGThe “Write Your Own Permit” Approach to Climate Mitigation
We seem to be at an impasse. Cap-and-trade seems to be in political disrepute; market-oriented economists must find it aggravating that their idea is now considered too “liberal.” Carbon taxes give politicians cardiac arrest. “Command and control” regulation is out of fashion. Perhaps it’s time to try something new. Here’s an alternative that has some …
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