Climate Change
New bill in Congress by Rockefeller (S. 3072) would delay regulation of GHGs under the Clean Air Act
As Cara and I have already discussed in detail, the Environmental Protection Agency has committed to delay the rollout of regulation of stationary sources of greenhouse gas emissions under the Clean Air Act, and to regulate only the very largest sources. This backtracking from EPA has been a response to efforts by Senator Lisa Murkowski …
CONTINUE READINGTailoring the tailoring rule – we’re up to 75,000 tpy
Last week, Sean asked whether the EPA was backing off its plan to begin regulating stationary sources of greenhouse gas pollutants under the Clean Air Act. This week, we learn more about the answer (“yes”) and some details about how much it’s backing off (“lots”). Background: The CAA requires EPA to begin regulating greenhouse gases …
Continue reading “Tailoring the tailoring rule – we’re up to 75,000 tpy”
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) …
Continue reading “The Ironic History of Cap-and-Trade”
CONTINUE READINGIs EPA backtracking on Clean Air Act greenhouse gas regulation?
UPDATE: Cara discusses in this post some further developments that make the EPA’s plans more concrete, and concludes that the EPA is backtracking significantly from its proposed rule by delaying the timetable and by regulating fewer facilities. **** Last fall, our Environmental Protection Agency appeared to be on the verge of moving very quickly to …
Continue reading “Is EPA backtracking on Clean Air Act greenhouse gas regulation?”
CONTINUE READINGIPhone App to Counter Climate Skeptics
Jonathan and I have had a somewhat spirited debate about what to do about Climategate (see here and here). I just found one perhaps small but very smart answer: an IPhone app that lists top arguments from climate skeptics and succinct rebuttals. The arguments are divided into three categories: “it’s not happening,” “it’s not us” …
Continue reading “IPhone App to Counter Climate Skeptics”
CONTINUE READINGAB 32 Opposition and Truth in Advertising
While some politicians have called publicly for the suspension of AB 32 until the economy recovers (see here and here for details), a more behind-the-scenes effort to undercut the implementation of California’s global warming bill is also taking place. The AB 32 Implementation Group (“IG”) says it “represents large and small business that are vital to …
Continue reading “AB 32 Opposition and Truth in Advertising”
CONTINUE READINGExtreme Events
I spent yesterday at a conference at RFF on managing “tail risks” — the low-probability but extreme events that are on the tail of the probability distribution. Some probability distributions have what are called fat tails, meaning that the extreme events are more likely than you would expect from a normal distribution. One way of …
Continue reading “Extreme Events”
CONTINUE READINGChina, Energy and the Economy
The New York Times reported — with seeming alarm — this weekend that China is now leading the world in the manufacture of wind turbines and solar panels. Yet shouldn’t we view this news as good for efforts to reduce greenhouse gas emissions? Action by the U.S. to reduce emissions, while absolutely necessary for geopolitical …
Continue reading “China, Energy and the Economy”
CONTINUE READINGThe Corporate Side of Climate Change
I was surprised a few years ago when one of the speakers at a conference on climate change turned out to be a lead partner at a Wall Street law firm who counseled corporations about disclosure of climate risks. He may have been just a few years ahead of the curve. According to E&E News, …
Continue reading “The Corporate Side of Climate Change”
CONTINUE READINGPriming the Political Pump for Climate Legislation
Dan, Rick, and Jonathan have all discussed the implications of the political events of the last week for climate change policy. Certainly, it seems clear that both from a vote-counting perspective and from a political momentum perspective, the special election last week made passage of a climate change bill through the Senate generally harder. And …
Continue reading “Priming the Political Pump for Climate Legislation”
CONTINUE READING