Tag Archives: carbon tax

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

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Slutsky strikes again: Greece’s air pollution problem

Greece is currently in one of the worst recessions in post war history and incomes are down across the board. Air pollution levels, however, are at their worst levels in decades. Major Greek cities like Thessaloniki and Athens are experiencing … Continue reading

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Is demonizing “big carbon” a strategy or a copout?

Are we really being tricked, bullied or seduced into burning fossil fuels?  That seems to be the message behind two arguments made recently by prominent advocates for climate action: we should blame the producers of fossil fuels for the failure … Continue reading

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Leaking Pet Coke

Blogging is much harder when all government websites I rely on for my morning entertainment are shut down. This past week, mostly due to a few inquiries from reporters, I have learned a lot about Petroleum Coke. For those of … Continue reading

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Learning and Forgetting the Wisdom of Coase

I was an Assistant Professor at the University of Michigan in 1985 when our downsizing department library put a stack of old journals in the hallway for disposal.  Walking by the pile, I spotted the 1960 Journal of Law and … Continue reading

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Putting a Collar on Carbon Prices

When it was launched in 2005, the EU cap and trade program for greenhouse gases (known as the Emissions Trading System or EU-ETS) was a bold and important step in addressing climate change.  But from the beginning, the EU-ETS has … Continue reading

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400 ppm and the rising cost of climate change

Last week brought some sobering news from the Mauna Loa Observatory where the Keeling family has been dutifully recording atmospheric concentrations of carbon dioxide since 1958. On May 9, measured concentrations surpassed 400 parts per million (ppm). [1] Of course, … Continue reading

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A Ton is Never Really a Ton

I was recently on a panel at the “Australia US Dialogue on Carbon Pricing.” The focus was on linking the various markets for C02 that exist around the world.  For those of you not enmeshed in the exciting world of … Continue reading

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Lomborg vs. Obama

Bjorn Lomborg has a history of getting under environmentalists’ skin. His most recent op-ed in the Wall Street Journal, in which he labels Obama a climate alarmist based on a few sentences from his inaugural address, is likely to provoke more anger … Continue reading

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Carbon vs. Energy Intensity

Modeling the future emissions of global carbon is big business (albeit on an academic scale). There are dozens of groups with their more or less black box models, which if fed scenarios for e.g. income, population and technological change, will … Continue reading

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