Tag Archives: climate change

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

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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

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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

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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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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

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It’s Time to Refocus California’s Climate Strategy

You know this already, but let’s review: Climate change is a global emissions problem. California produces about 1% of the world’s greenhouse gas emissions. Over the next few decades, the majority of emissions will come from developing countries. If we … Continue reading

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What wood smoke has taught me about fighting climate change

While much of the U.S. has been dealing with severe winter weather, California is experiencing a record dry spell.    The clear skies have also brought some cold nights and, with them, wood smoke.  What I’ve noticed in my neighborhood is … 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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Much ado about nothing?

“Cutting carbon pollution from power plants” is the first item on President Obama’s 2013 Climate Action Plan.  The first milestone in this effort involves setting carbon dioxide emissions standards for new power plants. Last week, EPA administrator Gina McCarthy met … Continue reading

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California’s Cap-and-Trade Market Still Needs a Price Ceiling

Back in May, I blogged about the problem of low GHG allowance prices in the EU-ETS.  I explained the sound reasons for having both a price floor and a price ceiling in any allowance market where science doesn’t dictate a … Continue reading

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