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
Today EVs are driven much less than other cars, which has big implications for the environment. Where in the country you drive an electric vehicle matters a lot for the … Continue Reading All Charged Up, No Place to Go
A new policy proposal uses bad science to undermine the Social Cost of Carbon. The most important number in environmental economics that most people have never heard of is called … Continue Reading Whose Climate Damages Should Count?
Could California’s ambitious zero carbon electricity policy make it harder to cut greenhouse gasses overall? Sometimes two ideas that seem joined at the hip end up butting heads. A couple … Continue Reading 100% of What?
A new paper shows a convincing causal link between local air pollution and the incidence of dementia. Those of us old enough to remember credible analysis underlying serious attempts at … Continue Reading The Mental Cost of Air Pollution