cap-and-trade
Will California’s Cap and Trade Program Stimulate Innovation?
Holly’s latest post about a new study showing that cap-and-trade programs have not led to technological innovation ends with a cautionary note that raises the key question about innovation and cap-and-trade programs to reduce greenhouse gas emissions: These results [showing no innovation] don’t mean that cap-and-trade has no role to play in policies directed at climate …
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CONTINUE READINGPollution markets haven’t stimulated innovation
One of the early claims in favor of a cap-and-trade approach to pollution control, as opposed to traditional command-and-control innovation, was that market incentives would better encourage innovation in pollution control techniques and technologies. On the other hand, legal scholars such as David Driesen have long contended that pollution markets can actually reduce innovation incentives. …
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CONTINUE READINGCan cap-and-trade break whaling gridlock?
In the current edition of Nature, researchers from UC Santa Barbara and Arizona State propose a market for whale harvest quotas (subscription required). Essentially, they would like to establish a kind of “cap-and-trade” system in permits to hunt whales. Their paper is getting a great deal of attention in the media, both in specialized outlets …
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CONTINUE READINGWhen Do Economic Incentives Modify Behavior?
The Journal of Economic Perpspectives ought to be on any environmental law professor’s reading list — or really, anyone interested in environmental policy. Thanks in no small part to the editorial wizardry of Managing Editor Timothy Taylor, it performs its mission — to “fill a gap between the general interest press and most other academic …
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CONTINUE READINGPoll Results on Cap and Trade
I thought people might be interested in the results of our poll of readers on cap-and-trade: California has just adopted a cap and trade system. All things considered, do you think that cap and trade is the best strategy for controlling greenhouse gases? No, a carbon tax would be better. 56% Yes, cap and trade …
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CONTINUE READINGGingrich & The Environment
Given Newt Gingrich’s current spurt in the polls, it’s worth taking a bit of a closer look at his environmental views. He favors dismantling EPA, which should make him popular with the tea party. But apparently he has problems in that quarter: The reaction from some conservative commentators was swift and harsh. “Intellectually incoherent,” said …
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CONTINUE READINGCap-and-Trade is Alive and Well
Comprehensive climate policy is going nowhere at the federal level. That’s obvious. But U.S. inaction doesn’t mean that the rest of the world is following the U.S. lead. Instead, around the world, countries are adopting policies to transition to cleaner energy sources and to reduce greenhouse gas emissions. And cap-and-trade systems are as popular a …
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CONTINUE READINGThe Case for Cap-and-Trade
Dan asked for a vote, and being a good Legal Planetary citizen, I responded — voting very reluctantly for cap-and-trade. The biggest difficulty, as is the case with most polls, lies in the phrasing of the question: “all things considered” what is “the best strategy” for controlling greenhouse gases. The problem with this locution — perhaps unavoidable …
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CONTINUE READINGWhat is the Best Approach to Controlling Carbon? You Be the Judge.
There’s a lot of disagreement about the best approach to controlling carbon. We thought it might be a good idea to find out what you, our readers, think about the issue. Here’s a quick poll: [polldaddy poll=5632574]
CONTINUE READINGCalifornia Adopts Landmark Cap-and-Trade Program
Defying the trend in the rest of the country to ignore the perils of climate change, the California Air Resources Board voted today to establish the country’s first economy-wide cap-and-trade program covering greenhouse gas emissions. The vote comes five years after the state passed sweeping legislation — AB 32 — to roll California’s carbon emissions …
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