carbon pricing
New York Adopts Cap and Trade
Yes, the new NY law includes some bans on natural gas. That’s far from all it does.
Last week, New York Gov. Kathy Hochul signed major climate legislation. Press coverage focused on one small piece of the legislation: a partial ban on natural gas use in new buildings. That’s controversial and easily grasped by the public. But a much bigger part of the new law went almost unnoticed: the legislature’s endorsement of …
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CONTINUE READINGAre carbon taxes a thing of the past?
What is the role for carbon pricing in the future of decarbonization policy?
That’s the question implicitly raised by this article in the New York Times from late August. The article surveys a range of criticisms of the use of carbon taxes as a tool to address greenhouse gas emissions, and criticisms of the focus of many economists on carbon taxes as the primary tool to address climate …
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CONTINUE READINGGuest Blogger Gregory Dotson: Oregon May Join the Western Climate Initiative: What About Gasoline Prices?
Regardless of State Action, Surging Sales of Electric Vehicles Could Crash Gasoline Prices
Oregon is on the verge of taking historic action to establish an economy-wide cap and invest program and clean up the state’s carbon pollution. In doing so, Oregon could demonstrate how one state can do its part to avoid the worst effects of climate change. The concept dates back more than a decade, but the …
CONTINUE READINGOn magical, mythical, market unicorn fairies
Or how we can get effective climate policy without government intervention
I don’t usually respond to op-ed columns, but the column by Bret Stephens in the New York Times on climate policy yesterday is so …. foolish that I think it needs a response. And more to the point, the foolishness in the column can help illuminate some of the major problems that have developed as …
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CONTINUE READINGHey Conservatives! Let’s Make a Deal on Keystone XL!
The always-thoughtful Jared Bernstein has a, well, thoughtful take on Keystone XL. It might be called the view of a Realist Progressive Economist. Bernstein’s point is that given the global demand for oil, and the Canadian government’s commitment to getting it out of the ground and selling it (much stronger now that the Tories have …
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CONTINUE READINGThe Rebound Effect (2)
The rebound effect is a worry in terms of the possible environmental impact of increased energy efficiency. But how big a worry, and what can be done about it? There is a lot of controversy about this issue, and the evidence seems to be far from crystal clear. For contrasting views, see these NRDC and …
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