| Headline |
Author |
Published |
Section |
No justice, no cap National environmental justice coalition blasts cap-and-trade, backs carbon tax |
Charles Komanoff |
16 Jun 2008 |
Gristmill |
| Condemning carbon trading as 'fraught with uncertainties, lack[ing] transparency and creat[ing] large opportunities for emitting facilities to engage in fraud,' a national coalition of environmental justice organizations has called for a federal carbon tax to address 'the most critical issue of our time' -- the climate crisis. Photo: Brooke Anderson. The June 2 statement from the Climate Justice Leadership Forum is the latest sign of mounting disaffe ... |
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| Topics: cap-and-dividend, carbon tax, carbon trading, climate, fossil fuels, grassroots activism, politics (all these topics) |
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Who you callin' a carbon tax, buddy? The political chances of carbon taxes |
Eric de Place |
16 Jun 2008 |
Gristmill |
| There's an ecumenical rift in the carbon policy world. Some favor taxes, while others prefer cap-and-trade. I'm in the latter camp, though I'm sort of a carbon Unitarian: I like carbon taxes too. From a policy perspective, they fit together nicely. Among the reasons I'm on the c&t side is that taxes can be radioactive, at least in U.S. politics. Now, this isn't really a substantive objection to carbon taxes as a policy instrument, but the worry seems warrante ... |
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| Topics: cap-and-dividend, carbon tax, carbon trading, climate, politics (all these topics) |
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GHG policy thoughts, economics edition The goal of climate policy is not high GHG prices |
Sean Casten |
15 Jun 2008 |
Gristmill |
| There's an implicit assumption in much of the climate policy debate that to meaningfully lower greenhouse-gas emissions, we need a high price on carbon. The assumption is wrong. Economics 101 In a market setting, price is a function of supply and demand. For a given commodity, prices will be high when demand outpaces supply and low when supply outpaces demand. Thus oil, for instance, is expensive. And autographed copies of my pen and ink cartoons are cheap ( ... |
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| Topics: carbon trading, climate, economy, energy, greenhouse-gas emissions, renewable energy (all these topics) |
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Maintaining relations Council on Foreign Relations releases new report on climate change and U.S. policy |
Kate Sheppard |
13 Jun 2008 |
Gristmill |
| The Council on Foreign Relations released a new report this week on how the United States should approach foreign policy as it relates to climate change. 'Confronting Climate Change: A Strategy for U.S. Foreign Policy,' as one might expect, indicates that the U.S. needs to come up with a mandatory emissions reduction plan if it wants China, India, and other rapidly developing countries to sign on to a new global pact. 'Visible U.S. leadership is essential to getting ... |
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| Topics: carbon trading, climate, international treaties, Muckraker, news, politics (all these topics) |
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Why not a revenue-neutral carbon cap? The silver-lining of Lieberman-Warner's demise |
Peter Barnes |
11 Jun 2008 |
Gristmill |
| The demise of the Lieberman-Warner climate bill may not be a bad thing if it spurs environmentalists and politicians to ask: Is this the best way to cap carbon? Let's be clear what Lieberman-Warner was. Yes, it contained a carbon cap. But mostly it was about spending or giving away trillions of dollars. It was, as Sen. Bob Corker (R-Tenn.) put it, 'the mother and father of all earmarks,' and every lobbyist in town was at the trough. The bill sought to allocate a vast ... |
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| Topics: cap-and-dividend, carbon trading, climate, legislation, politics (all these topics) |
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Carbon pricing: Not Archimedes' lever Putting a price on carbon is only the first step in energy policy |
David Roberts |
10 Jun 2008 |
Gristmill |
| There's certainly a great deal of logic to what Ezra says here -- it would be nice if an upstream price on carbon would automatically rejigger the price of everything, right down to chips and candy bars. What could be a more gratifying solution than moving the behavior of every single consumer in a rational direction by applying pressure to a single policy lever? I hope it's that easy. I suspect carbon prices will not be like dye in water, diffusing equally everywher ... |
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| Topics: carbon tax, carbon trading, climate, energy (all these topics) |
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The Price of Emissions in China China bank offers draft plan to reduce nation's emissions |
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09 Jun 2008 |
News |
| Posted at 12:43 PM on 09 Jun 2008 China's central bank has taken a first stab at a national emissions-reduction plan that could apply to various pollutants. A draft emissions-trading proposal unveiled to top officials on Friday suggests that China determine a national goal for reducing pollution, have regional authorities determine quotas for businesses, and put in place a system with controls at the nation ... |
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| Topics: carbon trading, China, climate, greenhouse-gas emissions, news (all these topics) |
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The conservative climate change problem An acknowledge-and-do-nothing strategy is little better than denialism |
Ryan Avent |
08 Jun 2008 |
Gristmill |
| Reihan Salam writes an incredibly disappointing, and boggling, blog post here, on his preferred strategies for dealing with climate change. Disappointing, because if Reihan, one of the best conservative writers out there, doesn't get the logic of carbon pricing, then there's little hope for some sort of conservative renaissance on climate change policy. Boggling, because Reihan is too smart a guy to get so many things wrong in such a short amount of time.Let me sta ... |
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| Topics: carbon tax, carbon trading, climate, climate change mitigation, climate change skepticism (all these topics) |
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Revkin: Can tax-and-dividend break the political deadlock? Now that L-W is dead, Barnes' sky trust is looking good |
Gar Lipow |
07 Jun 2008 |
Gristmill |
| Revkin speculates that Barnes' proposal is a way to break the deadlock stopping climate change legislation. I think he may be right. Tax emissions. (Or cap them and auction permits.) Refund the revenue to everybody. It has the following political advantages: It is simple and easy to understand. It puts a price on emissions without really penalizing anybody. It is a no-hair-shirt solution. This last point is worth emphasizing. It does not punish consumers, be ... |
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| Topics: cap-and-dividend, carbon tax, carbon trading, climate, climate change mitigation, greenhouse-gas emissions (all these topics) |
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Country songs dedicated to your favorite climate personalities
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Gar Lipow |
07 Jun 2008 |
Gristmill |
| Dedicated to the coal and nuclear industries: Lorrie Morgan's What Part of No Don't You Understand? Dedicated to Scott McClellan: Randy Travis' Pray for the Fish: Dedicated to all the carbon traders: Tanya Tucker's Lizzie and the Rain Maker: |
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| Topics: carbon trading, climate, coal, energy, music, nuclear power (all these topics) |
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C.A.R.E. (Cap & Auction, Refund Everything) Peter Barnes on cap-and-dividend in U.S. News & World Report |
Gar Lipow |
06 Jun 2008 |
Gristmill |
| Peter Barnes' proposal is popping up everywhere these days, most recently in U.S. News and World Report. The idea is simple: Put a cap on emissions, and divide that cap into permits. Sell those permits upstream -- mostly to just a few hundred fossil fuel producers and importers. They in turn will pass the cost of those permits on to consumers. Divide the revenue from the auctions among consumers, which makes up for the higher prices. Read the article for details. Upd ... |
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| Topics: cap-and-dividend, carbon tax, carbon trading, climate, fossil fuels (all these topics) |
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A final entry on the cap-and-trade debate
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Ryan Avent |
05 Jun 2008 |
Gristmill |
| The ongoing economic discussion concerning the differences between cap-and-trade and carbon taxes has attracted a number of eminent participants. Not only Mark Thoma, but Brad DeLong now (with an assist from Megan McArdle), offers some excellent commentary on the issues involved. |
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| Topics: carbon tax, carbon trading, climate (all these topics) |
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Calling all economists Are the CGE models useful for predicting the effects of climate policy? |
Clark Williams-Derry |
05 Jun 2008 |
Gristmill |
| Photo: StuSeeger via Flickr. My pal Peter Dorman is looking for answers: Does the class of economic forecasting tools known as 'computable general equilibrium models' (aka CGE models) have any documented track record of success? This may seem like an arcane point, but it's quite relevant to climate policy. Government agencies throughout North America are using CGE models to forecast the economic impacts of various cap-and-trade proposals. But many academic ... |
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| Topics: business, carbon trading, climate, economy (all these topics) |
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Who is being misleading? A Post columnist's defenders can't salvage his poor cap-and-trade logic |
Ryan Avent |
04 Jun 2008 |
Gristmill |
| Tyler Cowen weighs in on the cap-and-trade debate. He focuses on my criticism of Samuelson's seeming failure to understand the relationship between cap-and-trade and a carbon tax: But Samuelson is correct here and Avent is misleading. When there is uncertainty about the location of the social optimum, and uncertainty about elasticities, a carbon tax and cap-and-trade are by no means equivalent. If you see very high costs from setting the binding cap too l ... |
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| Topics: carbon trading, climate, climate change mitigation, energy, messaging (all these topics) |
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Ah, the 'Can't do' spirit Standing up to Samuelson |
Joseph Romm |
04 Jun 2008 |
Gristmill |
| This post is by Bracken Hendricks, senior fellow at the Center for American Progress. ----- In Monday's Washington Post, and a parallel piece in Newsweek, Robert Samuelson gets it wildly wrong on cap-and-trade, parroting a litany of falsehoods and misrepresentations concerning the most probable federal policy for reducing greenhouse-gas emissions. Like most detractors of action on global warming, Samuelson continues to push the unsubstantiated notion that reducing emi ... |
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| Topics: carbon tax, carbon trading, climate, climate change mitigation, greenhouse-gas emissions (all these topics) |
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Best foot forward Climate bills will only get better from here |
Ryan Avent |
04 Jun 2008 |
Gristmill |
| Mark Thoma, whose Economist's View is an excellent resource for all things economic, posts a roundup of writing on cap-and-trade versus a carbon tax, including a good primer on how the economics work and why the two plans are so similar. He also excerpts a rather cynical take by Pete Davis on the political reasons that cap-and-trade is preferred by politicians. Some of the political calculations he cites are no doubt on point, but I disagree with much of the piece. Like t ... |
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| Topics: carbon tax, carbon trading, climate, legislation, politics (all these topics) |
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Notable quotable Rogers: cap-and-trade without corporate giveaways like 'mafia' |
David Roberts |
03 Jun 2008 |
Gristmill |
| 'This is just a money grab. Only the mafia could create an organization that would skim money off the top the way this legislation would skim money off the top.' -- Duke Energy CEO Jim Rogers, on the Lieberman-Warner climate bill |
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| Topics: carbon trading, climate, legislation, quotables (all these topics) |
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The price isn't quite right yet Carbon pricing is about tweaking the little, everyday decisions we make |
Ryan Avent |
03 Jun 2008 |
Gristmill |
| I'd like to add one quick addendum to my previous post on cap-and-trade. When we consider the extent to which we need to reduce our emissions in the abstract, it can appear quite daunting. This is especially the case when we look at the needed reductions and then focus on how big a role coal and petroleum currently play in energy generation and transportation. And it is absolutely true that getting coal and oil out of the economy will be a challenge, and will be a proud ... |
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| Topics: carbon tax, carbon trading, climate, greenhouse-gas emissions, shopping (all these topics) |
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Fear of the day
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David Roberts |
03 Jun 2008 |
Gristmill |
| What if the anticipation of carbon legislation has driven more investment away from coal than actual carbon legislation will? |
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| Topics: carbon tax, carbon trading, climate, coal, energy, greenhouse-gas emissions, legislation (all these topics) |
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Post hack How not to inform readers about cap-and-trade |
Ryan Avent |
02 Jun 2008 |
Gristmill |
| Washington Post columnist Robert Samuelson has long impressed me as one of the most hackish economic columnists not associated with the Wall Street Journal and not named Ben Stein, but today's piece on cap-and-trade is dismally, embarrassingly stupid. Its essential premise is that consumers and producers of energy don't respond to price signals, something so incredibly, obviously wrong that even the dolt editors of the Post opinion section should have wondered what was u ... |
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| Topics: carbon tax, carbon trading, climate (all these topics) |
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Reich for auctioned permits
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David Roberts |
29 May 2008 |
Gristmill |
| Robert Reich -- former Clinton Secretary of Labor, current economics public policy prof at Harvard -- was on public radio's Marketplace yesterday, stumping for 100 percent permit auctions and even, toward the end, something that sounds like cap-and-dividend: Our atmosphere belongs to all of us, and polluters should have to pay to use it. The citizens of Alaska and Alberta, Canada get yearly dividends from the oil companies that take away their natural resources. Why ... |
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| Topics: cap-and-dividend, carbon trading, climate (all these topics) |
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Link dump
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Gar Lipow |
29 May 2008 |
Gristmill |
| Nobel prize-winning economist Amartya Sen has an article in The NYT, 'The Rich Get Hungrier,' which is a good short summary of various causes of higher food prices and increased world hunger, and why they are related even though not the same thing. An article on carbon traders and carbon lobbying further illustrates the point I've made before, that instituting GHG trading is a way of growing a whole new carbon lobby to join with the existing fossil fuel one. Last ... |
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| Topics: carbon offsets, carbon trading, climate, food (all these topics) |
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Safety pin Senate Energy and Natural Resources hearing to stoke fear about the costs of climate legislation |
Kate Sheppard |
19 May 2008 |
Gristmill |
| Speaking of cost-containment and the Lieberman-Warner Climate Security Act, the Senate Energy and Natural Resources Committee is holding a hearing tomorrow on 'recent reports analyzing the energy and economic impacts of climate change legislation.' Many political observers see this as a move intended to scare up concern among Senate Democrats that meaningful action on global warming is just too dang expensive. Why interpret it that way? Because the committee is chai ... |
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| Topics: carbon tax, carbon trading, climate, legislation, Muckraker, news, politics, US Senate (all these topics) |
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Permit auctions: the mark of progressive cap-and-trade
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David Roberts |
19 May 2008 |
Gristmill |
| I missed this last week, but Kevin Drum is doing God's work explaining the difference between cap-and-auction and cap-and-giveaway to the progressive masses. I did the same thing here, but as usual used way too many words. |
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| Topics: carbon tax, carbon trading, climate, legislation, politics (all these topics) |
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Ugly Reggy California concludes majority of emission reductions will come through regulation |
David Roberts |
19 May 2008 |
Gristmill |
| No state has done more to study the nitty-gritty of reducing emissions than California, and the California Air Resources Board recently revealed some of its thinking on how to achieve the state's ambitious emission goals. Its conclusions should spark some serious discussion among those who -- like John McCain -- think cap-and-trade is going to be a magic wand to cure all our ills. What CARB has determined is that carbon trading is only going to produce about 40% of ... |
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| Topics: California, carbon trading, climate, greenhouse-gas emissions (all these topics) |
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