Climate Change
Comments on FHFA’s Proposed Rule on Enterprise Writing Standards for PACE Programs
As we have chronicled earlier on this blog, the Federal Housing Finance Agency (FHFA)’s court-ordered rulemaking on Enterprise Writing Standards for Property-Assessed Clean Energy (PACE) programs resulted in thousands of public comments in response to the Agency’s Advance Notice of Proposed Rulemaking (ANPR)—the overwhelming majority in support of PACE. Today is the deadline for submitting …
CONTINUE READINGWhat the Convention Speeches Could Teach Economists About the Discount Rate
The economic formulas assume that people want their children and grandchildren to be as well off as they are, no better and no worse. But people actually want the future to be better than the present, and they’re willing to make sacrifices for this to happen.
CONTINUE READINGWhat Is the Future Role of Fossil Fuels in the Electricity System?
If you put aside their environmental impacts, fossil fuels are wonderful for generating electricity. They are cheap, reliable, and currently in abundant supply. But the environmental drawbacks are considerable, and the most serious one is their contribution to climate change. To deal with climate change, do we need to adopt an attitude of unremitting hostility …
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CONTINUE READINGNew Report on Electric Vehicle Policies & Capitol Hill Briefing Today at Noon ET (webcast available)
The environmental law centers at UCLA and UC Berkeley Schools of Law today released a new report on industry actions and federal, state, and local policies needed to stimulate long-term, mass adoption of electric vehicles. “Electric Drive by ’25” (available from either UCLA Law or Berkeley Law) is the tenth report in our Climate Change …
CONTINUE READINGAprès Mitt le Déluge?
When accepting the Republican nomination, Governor Romney treated us to a bit of humor about climate change. “President Obama promised to begin to slow the rise of the oceans and heal the planet,” he said, “My promise is to help you and your family.” No one doubts that families need help, but is the idea …
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CONTINUE READINGAre PACE Financed Residential Energy Improvements Capitalized into Home Prices?
The FHFA believes that an unintended consequence of obtaining a PACE loan is to increase the risk of mortgage default. The FHFA’s logic is that if the green investments are not capitalized into home prices then the home owner’s equity decreases as equity = sales price – debt owed. Under these assumptions, the green …
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CONTINUE READINGMore Good News About Implementing AB32
Below I report a new announcement posted to the California Air Resources Board Webpage discussing how a small group of academic economists will be playing a new role in designing the AB32 Cap & Trade program. Here is the announcement. My bottom line is that ARB has hired a Dream Team. Forget Lebron James and …
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CONTINUE READINGParty Differences on Energy and Environment: A Side-by-Side Comparison
After I posted a description of the Republican platform, a reader suggested that a side-by-side comparison would be helpful when the Democratic Platform came out. Here it is, presented as objectively as I could. Subject Democratic Platform Republican Platform Regulatory reform Give president power to reorganize agencies. Congressional approval required for all major rules. …
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CONTINUE READINGA Capitol Hill Briefing on Electric Vehicle Policies, Monday, September 10th (Webcast Available)
Legal Planeteers in the Washington DC area are invited to join the environmental law centers at Berkeley and UCLA Schools of Law as we present a lunchtime, Capitol Hill discussion on policies necessary for long-term, mass adoption of electric vehicle technologies. This free event is sponsored by Congressman Henry Waxman’s office and will also be …
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