Extend effective programs to low income households, but scrap the bad ones for everyone. Energy programs for low-income households are on the chopping block. President Trump’s proposed federal budget would … Continue Reading Bringing Fairness to Energy Programs
There are two fundamental, and fundamentally different, barriers to pricing greenhouse gases. The one economists tend to focus on is the economy-wide cost of reducing emissions: substituting to lower-carbon and … Continue Reading Creative Pie Slicing To Address Climate Policy Opposition
With all that’s been happening in Washington DC, you may have taken your finger off the pulse of California climate change policy. But now’s a good time to check back … Continue Reading California’s Carbon Border Wall
Capping greenhouse gas (GHG) emissions at individual facilities is a bad idea whose time, unfortunately, may have come in California. Unlike a statewide cap or tax on emitting GHGs, facility-specific … Continue Reading One Stone, No Birds
In a recent Saturday Night Live episode, Baldwin-as-Trump is casting about for clever ways to get Mexico to pay for the border wall. But with each attempt, the joke is … Continue Reading How Would Energy Prices Adjust to the Border Adjustment Tax?
What will be the fate of California’s cap and trade system for GHG? This is an issue that has been flying under the radar nationally, given the hullabaloo about carbon taxes … Continue Reading Looking for Environmental Certainty in All the Wrong Places
Environmental groups are standing in the way of Washington State becoming a climate leader. I used to live in Washington state. I’m no longer registered to vote there, but if … Continue Reading Why Aren’t Environmentalists Supporting a Carbon Tax in WA State?
Pollution – like income- is unequally distributed. In fact, pollution exposure is more unequally distributed than income in the U.S. for some pollutants. Refinery in Wilmington, CA. Credit: Luis Sinco/LA … Continue Reading Is Cap and Trade Failing Low Income and Minority Communities?
While many Californians are spending August burning fossil fuels to travel to vacation destinations, the state legislature is negotiating with Gov. Brown over whether and how to extend the California’s … Continue Reading Fixing a major flaw in cap-and-trade
The theme of the week is “We’re stronger together“. This rallying cry applies in lots of places.. including climate change mitigation! So this week’s blog looks at how this theme … Continue Reading The Promise and Perils of Linking Carbon Markets
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?
These are strange times for competitive power markets in the United States. Baseload power plants, many of them nuclear, are reportedly struggling to stay out of the red. About 10 … Continue Reading Is US Climate Policy Killing Nuclear Power?
I sat next to a distinguished climate scientist at a recent dinner, who told me point blank that “carbon markets have failed, which means one should give up on market … Continue Reading Giving Up on Carbon Markets in Favor of a Giant Vacuum in the Sky?
It’s tax season and this makes many Americans pretty grumpy. According to a recent poll/parody, 27% of those surveyed indicate they would rather get an IRS tattoo than pay their … Continue Reading Canada’s Got a Good Thing Going
California is finally talking seriously about changing the way utilities price electricity for residential customers. In particular, as a result of recent legislative actions, the CPUC now has some flexibility … Continue Reading Rationalizing California’s Residential Electricity Rates
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.