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
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
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
Are we really being tricked, bullied or seduced into burning fossil fuels? That seems to be the message behind two arguments made recently by prominent advocates for climate action: we … Continue Reading Is demonizing “big carbon” a strategy or a copout?
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
I was an Assistant Professor at the University of Michigan in 1985 when our downsizing department library put a stack of old journals in the hallway for disposal. Walking by … Continue Reading Learning and Forgetting the Wisdom of Coase
When it was launched in 2005, the EU cap and trade program for greenhouse gases (known as the Emissions Trading System or EU-ETS) was a bold and important step in … Continue Reading Putting a Collar on Carbon Prices