Climate Change
Discount Rates and Middle-Class Stagnation
Discount rates are how economists measure the importance of the future versus the present. If the discount rate is low, we care a lot about the future; the reverse is true if the rate is high. It turns out that one of the key factors driving the discount rate — maybe the key factor — is …
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CONTINUE READINGWhy it’s important that we know that we’re at 400 ppm of CO2
A major (and unfortunate) milestone has been crossed this past week. Measurements of atmospheric levels of carbon dioxide passed 400 parts per million, the highest in millions of years. Others have commented on how worrying this milestone is for the planet. But what I want to focus on here is how important it is that …
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CONTINUE READINGWARNING: Individual Research Findings and Economic Models May Not Be Fully Grounded.
A couple of weeks ago, a major paper on the economics of government deficits turned out to have huge flaws. Matt and Jonathan have already had something to say about this, but I’d like to add some thoughts about the implications for environmental issues.“Interesting,” you say, “But what does that have to do with the …
CONTINUE READINGAlberta, Open Sewers and the Keystone Pipeline
Al Gore raised the hackles of the Canadian government this week when he criticized the country’s large scale extraction of oil from the Alberta tar sands. The tar sand oil reserves are among the world’s largest but are particularly energy intensive to extract. That means that extracting oil that will then be burned will emit significantly …
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CONTINUE READINGEnvironmental Justice, Metrics & California’s San Joaquin Valley
This week the California Environmental Protection Agency issued a disturbing but worthwhile report on environmental justice issues in California. That report confirms what many environmental justice advocates and state residents already assumed: that the San Joaquin Valley is–far and away–the most environmentally-challenged region of the state. According to the CalEPA press release accompanying the report, …
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CONTINUE READINGDear Washington Post: Chesapeake Bay *is* unbalanced
An article in the Washington Post yesterday ran with the headline, “Crabs, supersized by carbon pollution, may upset Chesapeake’s balance.” Not to nitpick, but Chesapeake Bay is unbalanced and has been that way for well over a century. The article references some interesting research from the University of North Carolina that looks at the effects …
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CONTINUE READINGOn the politics of the Keystone pipeline
This article from the New York Times a couple of days ago describes how President Obama, on a fundraising visit here in the Bay Area, made clear how difficult environmental politics are for a President in the midst of a recession – especially the Great Recession: Appearing at the home of an outspoken critic of …
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CONTINUE READINGWhat Can and Should the President do About Climate Change Without Congress?
President Obama made clear in his State of the Union that he would do everything within in his power to combat climate change even if Congress refused to go along. Here are his words: I urge this Congress to pursue a bipartisan, market-based solution to climate change, like the one John McCain and Joe Lieberman …
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CONTINUE READINGWaxman/Whitehouse carbon tax draft
On Tuesday, Representative Waxman, Senator Whitehouse, Representaive Blumenauer and Senator Schatz released their proposal for a carbon tax bill. They are currently seeking feedback on the draft proposal, which is accordingly short on details. The Waxman/Whitehouse proposal is to require downstream emitters (mainly power plants and other emitters) to purchase annual “carbon pollution permits” per …
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CONTINUE READINGCity of Los Angeles will promote widespread adoption of “cool roof” technology, citing benefits documented in Emmett Center report
One of the core goals of our environmental law programs at UCLA Law is to influence and inform public policy with our research. I’m proud to say that our Emmett Center on Climate Change and the Environment is doing exactly that. The City of Los Angeles, influenced by the Emmett Center’s work, is moving forward …
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