Regulation
Emmett Center and NRDC Publish New Report on the Environmental, Energy, and Fiscal Benefits of Smart Roofs
My colleague and co-blogger Cara Horowitz has just published a new report on the potential benefits of adoption of “smart roofs” throughout Southern California. Looking Up: How Green Roofs and Cool Roofs Can Reduce Energy Use, Address Climate Change, and Protect Water Resources in Southern California, co-authored with UCLA Law alumnus Noah Garrison of NRDC, …
CONTINUE READINGThe T-Shirt’s Tale
After letting it sit on my shelf for about a year, I finally got around to reading Pietra Rivoli’s book, The Travels of a T-Shirt in the Global Economy. The subtitle is “An Economist Examines the Markets, Power, and Politics of World Trade.” That’s accurate but makes the book sounds pretty dry and academic. The …
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CONTINUE READINGMourning An Uncommon Student of the Commons
Elinor Ostrom, winner 0f the Nobel economics prize, died earlier today. She is best known for her work on how groups manage common resources such as fisheries. The “tragedy of the commons” is a theory that these common resources will inevitably be destroyed unless they are privatized or regulated by governments. Professor Ostrom showed that …
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CONTINUE READINGEJ Advocates Renew Efforts to Block Cap and Trade
There are weighty arguments against the EJ position. Even if EJ advocates remain unpersuaded, they should recognize that it is possible to disagree with their views in good faith.
CONTINUE READINGWho Took the “Think” Out of Think Tanks?
The American Enterprise Institute is an interesting organization, often shrilly ideological but also scholarly from time to time. I was curious to find out what kind of research they were doing on climate change. I did find some interesting policy papers on their webpage on the topic of climate policy. But here’s the surprising part: …
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CONTINUE READINGEnvironmental Protection and Conservative Values
Tom Friedman had an interesting column yeserday about conservatism and the environment. As he points out, the current wave of anti-environmentalism is out of line with Republican traditions: “Teddy Roosevelt bequeathed us national parks, Richard Nixon the Clean Air Act and the Environmental Protection Agency, Ronald Reagan the Montreal Protocol to protect the ozone layer …
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CONTINUE READINGIs Environmentalism Bad for Fighting Climate Change?
Sure, it sounds like a paradox. The environmental movement has done a lot of good for the planet and for pollution. But in the face of the greatest environmental threat of our time, the movement may be fundamentally ill-suited to tackle the climate crisis. For most of its history, environmentalism has essentially been about stopping …
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CONTINUE READINGWhy We Need Administrative Agencies like EPA
Bureaucrats aren’t very popular. But consider the alternatives when it comes to dealing with environmental problems. Basically, bureaucrats are part of the executive branch of government. For instance, the head of EPA is appointed by the President and can be removed by the President at any time. (A few agencies such as the SEC enjoy …
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CONTINUE READINGWhy the Environment Requires Government Protection: Some Simple Economics
The key to understanding the economics of environmental protection is the concept of externalities. An externality is simply a cost that one person or firm imposes on another. In general, an externality means that an activity is causing more harm than it should. Of course, a company or individual could decide to voluntarily correct the …
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CONTINUE READINGCarbon as Commodity and Currency
As a number of writers have suggested, it’s intriguing to think about the ways in which carbon functions like money to an increasing extent as a medium of exchange, and a measure and storehouse of value. Thus, alongside (and intertwined with) the existing money-based economy, we can envision the emergence of a carbon-based system of …
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