Climate Change
Sunstein on Climate Change
Should the U.S. take action on climate change prior to a global treaty? Eric Posner and Cass Sunstein argued against unilteral action in a well-known paper. The argument received more extensive discussion in a book by Eric Posner and David Weisbach (with Sunstein dropping out because of government service). I’ve argued (see this paper) that …
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CONTINUE READINGBicameral Congressional Task Force on Climate Change Formed Today
In the days that have followed the President’s strong statement on climate change in his second inaugural, many have speculated about what role Congress will play, if any, in moving forward on this issue. (See Greenwire’s story here, for example, covering the question and writing about signs from WH press secretary Jay Carney that the President “will pursue both …
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CONTINUE READINGClimate Change in the Second Inaugural
From the prepared text: We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity. We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations. Some may still deny the overwhelming judgment of science, …
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CONTINUE READINGEarly Warning Signs
Change is (literally) in the air. For the U.S., last year broke heat records. “2012, the year of a surreal March heat wave, a severe drought in the Corn Belt and a huge storm that caused broad devastation in the Middle Atlantic States, turns out to have been the hottest year ever recorded in the …
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CONTINUE READINGWhat to expect from President Obama’s inaugural address
The countdown to President Obama’s January, 21 2013 inauguration begins: there are only ten days left for the President’s speechwriters to put the finishing touches on the President’s second, and final, inaugural address. The inaugural address is the first of two important opportunities President Obama will have in the coming months to describe the course …
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CONTINUE READINGUC Berkeley report demonstrates need for strict resource shuffling rules in cap-and-trade
The Energy Institute at Haas, part of UC Berkeley, has a new study that looks at California’s rules for regulating electricity importers in the cap-and-trade program. These rules attempt to keep importers from gaming the cap-and-trade system via resource shuffling. The Energy Institute has simulated different counterfactual cap-and-trade rules using 2007 electricity market data. The …
CONTINUE READINGMore About the Distributional Impacts of a Carbon Tax
I’ve posted before about the equity effects of pricing carbon. A new paper from Brookings provides further evidence on the subject. The main conclusions are that a carbon tax is indeed regressive, but the problem could be fixed by spending about 10% of the proceeds on social welfare programs. The authors find that the direct …
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CONTINUE READINGSupreme Court agrees to hear TX-OK water dispute: Tarrant Regional Water District v. Herrmann
On Friday, the U.S. Supreme Court agreed to review Tarrant Regional Water District v. Herrmann (No. 11-889), an appeal from the 10th Circuit regarding apportionment of the Red River, which forms the southeastern border between Oklahoma and Texas. At issue before the Court is whether it is “OK” for a Texas water supplier to obtain …
CONTINUE READINGLooking Ahead to 2050
Since New Year’s Eve is both a time for nostalgia and for looking ahead, it seems appropriate to see what the world will look like at mid-century. The world will be facing considerable challenges then. The population will be bigger. The United Nations predicts that the world population will grow by 2 billion to 9 …
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CONTINUE READINGJohn Kerry & Climate Change
Whatever else it might portend, Kerry’s appointment as Secretary of State is certainly good news environmentally. The New Republic put it well: Kerry, long an advocate for the U.S. to lead on climate change prevention, has compared the threat posed by poor international effort to confront climate change to that of war. In an August …
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