Tag Archives: carbon tax

Time to Unleash the Carbon Market?

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 programs (green) and carbon taxes (blue).  Nearly all carbon market … Continue reading

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Is US Climate Policy Killing Nuclear Power?

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 years ago, plants like these were thriving with high wholesale prices set … Continue reading

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Giving Up on Carbon Markets in Favor of a Giant Vacuum in the Sky?

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 based approaches to reducing emissions”. After the ecologist on my … Continue reading

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Canada’s Got a Good Thing Going

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 taxes. Source Given the deep-seated ire that taxation can inspire … Continue reading

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No More Berning of Fossil Fuels

I am currently sitting in my yard enjoying the post El Nino 75 degree weather, while typing away on my locally made (…well invented at least) MacBook which was charged from the highly subsidized solar panels on my roof. I … Continue reading

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Subsidizing renewables for the damage not done

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 of three Americans support an increased reliance on solar and … Continue reading

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Raise the Gas Tax

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 diesel prices by about $0.13 per gallon (Severin’s post goes through … Continue reading

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The Big Stick: Cap and Trade in the Peoples Republic of Carbon

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 that patchwork. The US has taken some steps towards national … 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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Slutsky strikes again: Greece’s air pollution problem

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 decades. Major Greek cities like Thessaloniki and Athens are experiencing … Continue reading

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