Information provision is a key element of energy-efficiency policy. Just think of the ubiquitous yellow EnergyGuide labels, which are required by law to be displayed on all major appliances sold in the … Continue Reading Better Yellow Labels
Debates over carbon pricing policies tend to focus on the costs imposed on firms and households. When a carbon tax or cap and trade program is introduced, firms see energy-related … Continue Reading The multibillion dollar question: How to spend carbon revenues?
With the looming expansion of its cap-and-trade program to transportation fuels like gasoline, California is fast approaching a significant moment of truth for its climate policy. This has some people … Continue Reading Cap-and-Trade’s Moment of Truth
[This post is co-authored with my three collaborators in cap-and-trade work for the California Air Resources Board: Frank Wolak, Jim Bushell and Matt Zaragoza-Watkins.] California’s year-and-a-half old cap-and-trade market for … Continue Reading What’s the Worst That Could Happen?
If you are embarking on a new weight loss plan, it typically makes sense to pursue a mixed strategy of diet and exercise. If you are working to get your … Continue Reading Swapping negawatts for megawatts under the EPA’s proposed Clean Power Plan
Governor Jerry Brown, speaking at a Giannini Foundation event last week, summarized California’s dilemma with respect to climate change: “We’re one percent of the (climate change) problem. We have to … Continue Reading Chumps or champs? California leads on climate
Here’s a story that captures a lot of the challenges we face as we try to improve energy efficiency. Spoiler alert: it doesn’t have a happy ending, but I’m holding … Continue Reading An Energy Efficiency Parable