Energy
Call for Cabinet Nominations!
With all the heat generated by the nominations for the Secretaries of State and Defense, it is easy to overlook that President Obama must make nominations for four agencies critical to environmental policy: EPA, Interior, Energy, and USTR. And it says something that there do not seem to be obvious, strong candidates that environmentalists can …
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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 READINGThe Last Rockefeller
Senator Jay Rockefeller (D-WV), the current chair of the Commerce, Science, and Transportation Committee has announced his retirement. Rockefeller is 75, and faced a tough re-election fight in West Virginia, which has gone from being the state of John L. Lewis to the state of Mitt Romney — it went for Romney last year by …
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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 READINGPut That In Your Tank and Smoke It
The next time anyone tells you that an increase in gasoline prices (say, as part of a carbon-tax or a cap-and-trade system) would generate unbearable costs to consumers, think again. The Los Angeles Times reports something that I have often seen but never really thought through: gasoline stations often a couple block away from each …
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CONTINUE READINGThe San Bruno Explosion and the Public Trust
Do you remember the horrific Pacific Gas & Electric Company (PG&E) natural gas pipeline explosion in San Bruno, California, that killed eight people and burned down dozens of homes? Two years later, there are still several proceedings pending before the California Public Utilities Commission (CPUC) to figure out who should bear costs resulting from the …
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CONTINUE READINGGreat Expectations: A Dozen Views of Obama’s Second Term
As we approach inauguration day next month, I thought it would be interesting to pull together the advice that people are giving him about his second term. Here are some links if you’re interested in what people are hoping for (or in some cases, dreading). From the N.Y. Times, the views of Carol Browner (advocating …
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CONTINUE READINGNatural Gas Fracking: Don’t Worry, Be Happy!
When George Washington Law School’s Richard Pierce talks about energy, I listen. And a few days ago he posted a short piece with the provocative title, “Natural Gas Fracking Addresses All Of Our Major Problems.” (emphasis in original!). If you want to read the nutshell case for why fracking is good, then this is your …
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CONTINUE READINGThe Current U.S. Energy Pathway is Paved with Coal, Oil and Natural Gas
How well are we doing, in our efforts to strip fossil fuels from our energy mix? If you want to believe the most recent estimates from the U.S. Energy Information Administration (EIA), the answer is: not so well. As EIA prepares its 2013 report on the impact of various proposed policy changes, it asks itself: …
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