California’s climate policy have been a success, but quantifying the effects is complicated. It’s harder than it might seem to determine whether a climate regulation has succeeded. California has clearly hit or exceeded its target for overall carbon emissions reductions under its method of carbon accounting. But if we ask how much global emissions are […]
Prompting rage by President Trump, California and several carmakers entered a voluntary agreement on carbon emissions from new cars that blew past the Administration’s efforts to repeal existing federal requirements. Last week, the Trump Administration slapped back at California. Although there’s been a lot of editorializing about that response, I’ve seen very little about the […]
Dan and Ken have offered quick takes on why the latest Trump assault on the environment is inexplicable — as they note, the oil industry doesn’t need or want a rollback of rules that regulate methane emissions, and the compliance costs to industry are tiny. So what is the point of gutting a rule to […]
The Washington Post reported this morning that EPA is getting ready to roll back yet another Obama Administration climate regulation — this time, one regulating natural gas leaks. I wanted to add a brief postscript to Ken Alex’s post on this. What struck me most immediately was the sheer economic weirdness of making this rollback […]
On Friday, the D.C. Circuit decided Murray Energy v. EPA. The court upheld EPA’s health-based 2015 air quality standards for ozone against challenges from industry (rules too strong) and environmental groups (rules too weak). However, it rejected a grandfather clause that prevented the new standards from applying to plants whose permit applications were in-process when […]
Libertarians may oppose government regulation on principle, and to some extent that stance explains the Trump Administration’s environmental and energy policies. But the Trump Administration clearly views the fossil fuel sector as something more than another overly-regulated industry. Instead, expansion of this particular industry is seen as something good in itself. Thus, the Administration not […]
There’s a lot of discussion about the substance of climate policy today. That’s obviously critical, but we also need to think about the procedural and institutional issues involved in making climate policy. For instance, we need to think about how to divide authority between the states and the federal government. I thought it would be […]
Polls show that a great many members of our generation oppose taking action against climate change. I want to try to explain to that group why you should rethink your views. Let me start by explaining why climate action would benefit you yourself and then widen the focus to include your grandchildren and their kids. […]
I don’t know about you, but I’m finding it hard to keep focused on November 3, 2020, given the confusing welter of candidates on one side and the daily bombshells issuing from the other. So maybe this is a good time for a reminder of a why elections matter. In fact, they not only matter, […]
Last week, the Institute for Energy Economics and Financial Analysis issued a report criticizing BlackRock, the world’s largest fund, for making bad bets on the fossil fuel industry that cost the firm billions of dollars. What I found significant was less the plight of Blackstone’s shareholders than the fact that the energy firms weren’t doing […]
