cap-and-trade
Rand 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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CONTINUE READINGMurkowski May Have Another Tactic to Defeat Climate Change Legislation
As Holly previously described, Senator Lisa Murkowski (R-Alaska) has introduced a resolution to express disapproval over the EPA’s greenhouse gas endangerment finding. Murkowski is also considering a different tactic to wreak havoc with efforts to reduce greenhouse gas emissions. She may introduce an amendment to the Senate bill to raise the debt ceiling. The amendment would force an up or …
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CONTINUE READINGMassachusetts’ Special Election & the Prognosis for U.S. Climate Change Legislation
Colleague Jonathan Zasloff recently opined on this site that Scott Brown’s election to the open U.S. Senate seat from Massachusetts could actually be good news when it comes to prospects for passage of federal climate change legislation. Let me file a congenial dissent to Jonathan’s prediction, though one that–like his–contains some seeds of optimism. I …
CONTINUE READINGThe Politics of Climate Change: It Ain’t Over Till It’s Over
There’s been a lot of talk about whether federal climate change legislation is dead for this session. Bradford Plummer at the New Republic makes a pretty good case that the legislation is still alive and kicking: That said, there don’t seem to be any signs that Democrats are planning to relent just yet. A few …
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CONTINUE READINGCalifornia Air Resources Board releases draft cap-and-trade plan
The California Air Resources Board (CARB) today released the preliminary draft cap-and-trade regulation. CARB staff would like to have comments by January 11th of next year. A new proposal based on the comments will then be issued in Spring 2010. Some quick key points: 1) The proposal limits a covered entity’s use of offsets to …
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CONTINUE READINGA Lot of Hot Air
One of the arguments that pro-“cap and traders” like to make against a carbon tax is that the outcome of a tax is too uncertain. Like Goldilocks, you may end up with a tax that is too weak or too strong. If it’s too weak, the desired environmental emissions targets may not be met; too …
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