In 1960 only 2% of U.S. homes were heated with electricity. Today it’s 38%. U.S. households burn vast amounts of fossil fuels on-site for home heating: 2.7 trillion cubic feet … Continue Reading Electrification? We Are Already On The Way
Regional market coordination delivers a win for climate change mitigation. There’s an important experiment underway in the Western United States as we inject more and more renewable energy into the … Continue Reading The Little Energy Market That Could
It won’t reduce energy use much, but it can fundamentally alter where that energy comes from. A decade ago, there seemed to be a Kumbaya trend in climate policy. Politicians … Continue Reading What Can Carbon Pricing Do?
The latest twist in the Trump fuel economy rollback. The year 1969 was highly notable—Apollo 11 landed on the moon, free love blossomed at Woodstock, and Richard Milhous Nixon was … Continue Reading Waving Goodbye to the California Waiver?
A recent working paper highlights the importance of accounting for environmental protection in measures of GDP. Last November, I gained new appreciation for clean air. It wasn’t because I went … Continue Reading A Better Way to Measure Economic Growth
What would the Lorax say about today’s forest offsets? The race is on. Democratic presidential candidates are jockeying for position. And climate change is emerging as a top priority. Jay … Continue Reading Are Trees Getting Too Much Climate Credit…or Not Enough?
It has a face that only economists can love? We economists have long been enamored with carbon pricing. The concept is simple and sensible. If the economic damages from greenhouse … Continue Reading The Trouble with Carbon Pricing