Category Archives: Uncategorized

Will coal exports abroad offset hard-won carbon reductions at home?

When President Barack Obama took office in 2009, he set a goal of cutting U.S. greenhouse gas emissions by 17 percent of 2005 levels by 2020.  The graph below shows that we appear to be making progress towards meeting this … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

What we don’t know about economic climate change impacts

A relatively recent econometric literature examines the impact of weather/climate on a variety of outcomes of economic interest. In order to provide an estimate of a climate impact you need two things: An estimate of how a sector responds to … Continue reading

Posted in Uncategorized | 2 Comments

Cap-and-Trade’s Moment of Truth

With the looming expansion of its cap-and-trade program to transportation fuels like gasoline, California is fast approaching a significant moment of truth for its climate policy. This has some people nervous, and there are growing rumblings of proposals to delay, perhaps … Continue reading

Posted in Uncategorized | Tagged , , | 7 Comments

What’s the Worst That Could Happen?

[This post is co-authored with my three collaborators in cap-and-trade work for the California Air Resources Board:  Frank Wolak, Jim Bushell and Matt Zaragoza-Watkins.]   California’s year-and-a-half old cap-and-trade market for reducing greenhouse gases (GHGs) has drawn renewed interest over … Continue reading

Posted in Uncategorized | Tagged , | 2 Comments

Open Sourcing Risky Business

A lot of the policy discussion, and many of our blog posts, focus on the difficult task of trying to slow climate change. It’s useful to remind ourselves of the difficulties associated with NOT slowing climate change. Last week, Michael … Continue reading

Posted in Uncategorized | Tagged , | 1 Comment

Swapping negawatts for megawatts under the EPA’s proposed Clean Power Plan

If you are embarking on a new weight loss plan, it typically makes sense to pursue a mixed strategy of diet and exercise. If you are working to get your finances under control, you should look for ways to increase … Continue reading

Posted in Uncategorized | Tagged , , | 2 Comments

EPA and climate regulation: Mind the gaps

Last week, following years of anticipation, the shoe finally dropped on EPA carbon regulations. Two or three things are notable in this. First, we’re on the road to a national climate policy!   Second, EPA is going out of its way to … Continue reading

Posted in Uncategorized | Tagged , , , , , , | 1 Comment

Unlocking Cost Savings with Cap-and-Trade

Much was made last week about the flexibility of the EPA’s proposed new power plant regulations. According to EPA administrator Gina McCarthy, it “gives states the flexibility to chart their own customized path. There is no one-size-fits-all solution. Each state … Continue reading

Posted in Uncategorized | Tagged , | 6 Comments

The Yoga Theorem

With yesterday’s historical release of the EPA’s new carbon emissions policy, I took an extra day to comb through and digest the news. I have organized my intermediate microeconomics class around something called the “Yoga Theorem.” This almost universal truth … Continue reading

Posted in Uncategorized | Tagged , , , , , | 6 Comments

Chumps or champs? California leads on climate

Governor Jerry Brown, speaking at a Giannini Foundation event last week, summarized California’s dilemma with respect to climate change: “We’re one percent of the (climate change) problem. We have to get other states and other nations on a similar path … Continue reading

Posted in Uncategorized | Tagged , | 2 Comments