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  • Confusion in the Senate regarding allowance allocation 1

    Posted 1 month, 1 week ago There are sound reasons for considering allocation mechanisms other than free allocation -- for example, auctioning allowances (more about this below) -- but the distribution of those allowances that are freely allocated need not be a great source of concern.

  • Policies can work in strange ways

    Environmental regulation affects technological change 1

    Posted 3 months, 3 weeks ago

    Whether the policy domain is global climate change or local hazardous waste, it’s exceptionally important to understand the interaction between public policies and technological change in order to assess the effects of laws and regulations on environmental performance.

  • What Role for U.S. Carbon Sequestration? 3

    Posted 4 months, 1 week ago

    With the development of climate legislation proceeding in the U.S. Senate, a key question is whether the United States can cost-effectively reduce a significant share of its contributions to increased atmospheric CO2 concentrations through forest-based carbon sequestration.

  • National climate change policy: A quick look back at Waxman-Markey and the road ahead 1

    Posted 5 months ago

    Like any legislation, the Waxman‑Markey bill has its share of flaws, but its cap-and-trade system has medium and long‑term targets for reducing greenhouse gas emissions that are sensible, and the cap‑and‑trade system is -- for the most part -- well designed. With some exceptions, the bill's cap‑and‑trade system will achieve meaningful reductions of carbon dioxide and other greenhouse gas emissions at minimal cost to the economy.

  • The wonderful politics of cap-and-trade: A closer look at Waxman-Markey 5

    Posted 6 months ago

    The headline of this post is not meant to be ironic. Despite all the hand-wringing in the press and the blogosphere about a political “give-away” of allowances for the cap-and-trade system in the Waxman-Markey bill voted out of committee last week, the politics of cap-and-trade systems are truly quite wonderful, which is why these systems have been used, and used successfully.

  • The new auto fuel-efficiency standards — going beyond the headlines 0

    Posted 6 months, 1 week ago

    The new federal fuel-economy standards proposed by the Obama administration can be one small step along the path to meaningful reductions in greenhouse-gas emissions. But it’s also true that the new standards are greatly inferior to other possible approaches.

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