I am a pretty hardcore neoclassical economist. I do think that people generally try and make themselves as happy as possible given budgetary and other physical constraints. I do think … Continue Reading Maybe it’s not all just about dollars and cents
Many of us carbon nerds remember President Clinton’s 1997 remarks announcing that an agreement had been reached at the climate negotiations in Kyoto, Japan. The speech was full of hope … Continue Reading Clinton (well Gore) went to Kyoto. Obama went to Beijing.
I am in the market for a new car. At a recent visit to a Ford dealer I was confronted with the choice between the regular hybrid-electric version of the … Continue Reading Plug in Hybrid – Saving Carbon and Dollars?
Many of us have argued that a patchwork of national or subnational climate policies is a largely pointless undertaking unless the big two (United States and China) are part of … Continue Reading The Big Stick: Cap and Trade in the Peoples Republic of Carbon
While preparing a lecture for the 4th Berkeley Summer School in Environmental and Energy Economics, I returned to contemplating the regulation of biofuels as part of a federal strategy to … Continue Reading What’s the goal and point of national biofuel regulation?
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 … Continue Reading What we don’t know about economic climate change impacts
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 … Continue Reading The Yoga Theorem
We empirical economists get very excited about finding or generating new data sets. There are big returns to splicing together different data sources to answer new and interesting questions. This … Continue Reading Your tax dollars hard at work. EIA’s new data portals.
It just doesn’t add up. Why I think not building Keystone XL will likely leave a billion barrels worth of bitumen in the ground.
I am not a fan of blanket statements. Whenever oil sands come up in casual conversation, many of my economist friends argue that “the stuff will come out of the … Continue Reading It just doesn’t add up. Why I think not building Keystone XL will likely leave a billion barrels worth of bitumen in the ground.
Why do kids like to go to birthday parties? Because there is lots of sugar and other kids. Academic economists are not that different. Energy economics has attracted a lot … Continue Reading Why the cool kids are flocking to energy and not water economics
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 … Continue Reading Slutsky strikes again: Greece’s air pollution problem
Rob Stavins (Harvard) and Richard Newell (Duke) put together a most excellent workshop, which brought together one possible all-star team of energy economists to discuss the energy efficiency gap (the … Continue Reading Learning by using
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 … Continue Reading Leaking Pet Coke
Econometricians and Hollywood producers have one thing in common: We make a living pitching cool counterfactuals. My whip smart (and recently tenured) colleague Michael Anderson has a new paper which … Continue Reading Valuing public transportation systems
One of the many perks of being a professor is that we get to choose where we spend our summers. I often take my family to the home of soccer, … Continue Reading Diesel me this, Diesel me that.
Happy earth day everyone! I briefly contemplated a doom and gloom post about the state of the global climate and lack of regulation. But let’s focus on what does work, … Continue Reading Nest(ing)