Volkswagen’s new advertising campaign raises some questions. VW committed a crime. They lied about emissions testing for their Diesel powered vehicles and got caught. This affected about 500,000 cars in … Continue Reading Forgive and Forget?
Recent sales of U.S. nuclear plants raise questions about safety, liability, and economic incentives. (Today’s post is co-authored with Catherine Hausman, an assistant professor at the University of Michigan.) Last … Continue Reading Nuclear Moral Hazard
A recent working paper highlights the importance of accounting for environmental protection in measures of GDP. Last November, I gained new appreciation for clean air. It wasn’t because I went … Continue Reading A Better Way to Measure Economic Growth
What would the Lorax say about today’s forest offsets? The race is on. Democratic presidential candidates are jockeying for position. And climate change is emerging as a top priority. Jay … Continue Reading Are Trees Getting Too Much Climate Credit…or Not Enough?
Energy efficiency world views collide. There are two dueling, strongly held, views on the definition of energy efficiency. The idea of energy efficiency, at least to economists, is to overcome … Continue Reading How Much Electricity Consumption Is Too Little?
Install more parking at commuter rail stations, not just solar panels. I love me a good solar panel. I have them on my house and on my calculator. And, I’m … Continue Reading A Tale Of Two Stations
Californians have paid over $1800 per household. Now can we please find out why? California gas prices are over the dreaded $4 mark. That turns out to generate a lot … Continue Reading The Mystery Gasoline Surcharge Gets Some Respect
To meet ambitious climate goals EVs need to be more than niche product for rich people. It has been over a decade since Tesla introduced the original Roadster. At $100,000+ … Continue Reading An Electric Vehicle in Every Driveway?
Addressing, and even measuring, EJ is harder than it looks. Lots of people are talking about environmental injustice – from the Flint drinking water crisis to claims that cap-and-trade policies … Continue Reading An Economic Perspective on Environmental Justice
It has a face that only economists can love? We economists have long been enamored with carbon pricing. The concept is simple and sensible. If the economic damages from greenhouse … Continue Reading The Trouble with Carbon Pricing
The transition to new air conditioning refrigerants will involve difficult tradeoffs. Air conditioning (AC) has transformed life in hot and humid countries including the US, Japan and Korea. Over 85 … Continue Reading Weighing Consumer Safety versus Climate Action
A GHG tax alone doesn’t solve the global need for low-cost alternative technologies Economists seldom discuss climate change without someone opining that it is simply an externality that can be … Continue Reading Pricing Carbon Isn’t Enough
EV drivers don’t pay the gasoline tax so pay less for roads. (Today’s post is co-authored by James Sallee) Every time we buy a gallon of gasoline, we help pay … Continue Reading Should Electric Vehicle Drivers Pay a Mileage Tax?
Policymakers have options to reduce price impacts and save lives. I left the place where bad weather was invented – Northern Bavaria – in my youth to migrate West. I … Continue Reading High Wintertime Energy Prices Kill People
This post is co-authored with Edward Rubin and Reed Walker. As the remote-sensing revolution fills our air-pollution blind spots, how should regulation respond? According to the Index of Objects Launched … Continue Reading Bringing Satellite Data Down To Earth
A recent experience with Uber/Lyft brought home the limits of market incentives. Max has been dreaming about a clean, autonomous future. Meanwhile, Uber and Lyft are both talking about initial … Continue Reading How Should We Regulate Safety for Autonomous Vehicles?