Climate Change
Offsets and Waxman Markey
Will the massive number of offsets allowed under the proposed Waxman-Markey climate change bill destroy its effectiveness? Waxman-Markey allows for a huge number of offsets from both domestic and international sources – up to 2 billion tons. Some analysts estimate that if all of these offsets are used domestic emissions will not begin to decline until …
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CONTINUE READINGNew Report on Infrastructure at Risk
Resources for the Future, one of the least partisan of Washington think tanks, has issued a new report entitled Adapting to Climate Change: The Public Policy Response – Public Infrastructure by James E. Neumann and Jason C. Price. The report makes three major recommendations for how to improve infrastructure planning in light of climate change: …
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CONTINUE READINGEnvironmental Economics at EPA
EPA’s Science Advisory Board is considering feedback to EPA’s 2008 draft guidelines on economic analysis. The preliminary SAB draft makes a number of interesting points: EPA needs to recongize that it’s discretion is limited: “only the legislative branch has the power to tax, subsidize, or assign liability, and both the Clean Water Act and the …
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CONTINUE READINGCap-and-Trade: What are the Odds?
Intrade is now giving 50:50 odds on the passage of a cap-and-trade scheme by the end of 2010. (20% for 2009). I’m not necessarily a huge believer in the wisdom of crowds, but they’ve done pretty well with election forecasting. Note that there are some ambiguities about the “contract” being traded: “A cap and trade …
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CONTINUE READINGHow is Cap’n Trade’s brand faring? The Jon Stewart barometer
There’s been some good discussion of the pros and cons of the Waxman-Markey ACES bill at Ethan’s recent post criticizing cap-and-trade. One commenter worries that , whether or not the bill would ultimately succeed in reducing greenhouse emissions, the public perception of ACES is that it’s a corporate giveaway, which harms all efforts for environmental regulation. Red Desert …
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CONTINUE READINGNate Silver’s Challenge to Climate Denialists: Put Your Money Where Your Mouth Is
Nate Silver, the well-known statistical and polling guru, has issued this challenge to climate change denialists on his website: The rules of his challenge are as follows: 1. For each day that the high temperature in your hometown is at least 1 degree Fahrenheit above average, as listed by Weather Underground, you owe him $25. …
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CONTINUE READINGCronkite on Climate
Some people are calling him “the last journalist” because his breed of even-handed, fact-based report seems to be an endangered species. Be that as it may, it’s interesting to note that he spoke out on the subject of climate change a few years ago in the pages of the Philadelphia Inquirer. Not surprising, his perspective …
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CONTINUE READINGWaxman Markey, the Clean Air Act and State Climate Legislation
As I suggested last week, the prospects for the Waxman-Markey bill passing Congress this term don’t seem particularly high. President Obama is expending significant political capital on health care reform. The Senate is occupied with the Sotomayor Supreme Court hearings. And the politics of climate legislation may be even tougher in the Senate than in …
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CONTINUE READINGA Silver Lining to the Supreme Court Term for Environmentalists?
In assessing the environmental train wreck that was the just-concluded Supreme Court Term, the question arises: is there anything from that Term from which environmental interests can take comfort? The answer is at least a qualified “yes.” Somewhat lost in the attention focused on the justices’ five major environmental decisions–all of them clear defeats for …
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