What’s a ton of carbon (dioxide equivalent) worth? Not much if you ask the world’s carbon markets. The graph below summarizes prices and quantities covered by existing carbon emissions trading … Continue Reading Time to Unleash the Carbon Market?
I work at UC Davis, a University with at least two (that I know about) centers devoted to research “aimed at developing a sustainable market for plug-in vehicles.” I run … Continue Reading Economists are from Mars, Electric Cars are from Venus
On a recent speaking engagement in Germany I ran into Prof. John Schellnhuber, who was on his way to the Vatican to present Pope Francis’ major coming out document on … Continue Reading Why the Pope is Wrong on Markets
In this divided age, few topics beyond motherhood, apple pie, and the iPhone 6 enjoy widespread public approval. So it is notable that, in a recent Gallup Poll, two out … Continue Reading Subsidizing renewables for the damage not done
Sales of air conditioners have exploded worldwide over the last few years, driven by middle-income countries where households and businesses are buying air conditioners at startling rates. My colleagues Max … Continue Reading Air Conditioning and Global Energy Demand
On January 1st, California’s cap-and-trade program was expanded to include gasoline and diesel. Allowance prices are currently $12.58/ton (link), so this increases gasoline prices by $0.10 per gallon and increases … Continue Reading Raise the Gas Tax
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.