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Category Archives: climate change
The Oil Price as a Dry Run for a Carbon Tax
Greg Mankiw must be happy: Oil just hit a new high of $81.24 a barrel this morning. This is a Pigovian tax with the proceeds going to Saudi Arabia rather than the US Treasury, but if Mankiw is right that … Continue reading
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Why Bjorn Lomborg is Wrong
Mark Thoma has an excerpt of Partha Dasgupta’s review of Bjorn Lomborg’s new book today. It took me a while to get Dasgupta’s point, so let me try and rephrase it in a slightly simpler manner, since it was pretty … Continue reading
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Burning Water
This story seems to be doing the rounds, with the implication that a chap named John Kanzius seems to have invented a perpetual-motion machine. Of course, he doesn’t quite come out and say so, but here, see for yourself: An … Continue reading
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Carbon Taxes vs Cap-and-Trade in the WSJ
Deborah Solomon today has a good primer on one of my pet subjects, carbon taxes vs cap-and-trade. She says that it’s "the biggest political battle in Washington over climate change," however, which is over-egging the pudding a lot: the economists … Continue reading
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GM’s Weak Arguments Against Increased Fuel Economy
What wonders of disingenuousness the auto industry is capable of! Right now,
the Big Three are worried about proposals to mandate that they increase the
fuel economy of the vehicles they sell, and so they’re wheeling
out economists to say that the proposals don’t make sense.
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Climate Change Flooding Risk Underestimated
Yves Smith at Naked Capitalism submits: The BBC, citing a study in Nature, informs us that climate change models have underestimated the risk of flooding. High atmospheric carbon dioxide levels mean plants suck less water out of the soil. Wetter … Continue reading
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Revisiting Green Dimes
Last month I wrote about junk-mail reduction company Green
Dimes, calling
it a VC-backed for-profit philanthropy. I met with the CEO, Pankaj
Shah, on Saturday, and he was hesitant to go that far: his company
was "socially responsible," he said, but he wouldn’t necessarily call
it a philanthropy.
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Why Cap-and-Trade is the Best Route to a Carbon Tax
Greg Mankiw has a
simple equation:
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Answering Three Questions on Climate Change
Paul Klemperer has three
unanswered questions on climate change. I can’t answer them fully, of course,
but it might be useful to at least make a first-order approximation, or an attempt
at one.
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Green Dimes: The VC-Backed For-Profit Philanthropy
Green Dimes
has just raised
more than $20 million of venture capital from Tudor Investment Corporation
and others.
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Addressing Climate Change at the World Bank
"Marshall
Jevons" has been watching the telly, and saw Sebastian Mallaby
telling Fareed Zakaria what Robert Zoellick
should be doing at the World Bank.
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The Economist on Carbon Taxes vs Cap-and-Trade
The Economist, surprisingly, and disappointingly, has come out in
favor of carbon taxes over a cap-and-trade regime.
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The 100-mpg Car
Google.org, the philanthropic arm of Google, has already awarded $1 million
in grants in the field of plug-in
electric cars, and it’s now dangling
a $10 million carrot, saying it wants to help develop a car which gets 100
miles to the gallon.
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Vaclav Klaus’s Denialist Ranting
The Czech Republic, of all countries, probably has more upside than downside from at least the next degree or two of global warming.
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Carbon Taxes in the Skies
Taxing every annual holiday flight, bar the first.
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Why Europe is Right on Climate Change
Kay’s proposed solution is… well, Kay doesn’t have a proposed solution. Instead, he asks for “modesty of aspiration and acknowledgement that many uncertainties cannot be resolved”. In other words, absolutely nothing. We can – we must – do better than that.
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Quebec Taxes Carbon
Quebec’s carbon tax isn’t really Pigovian, because it isn’t large enough to noticeably reduce carbon emissions. But it’s a good start, since it’s always easier to increase a “sin tax” than it is to implement one initially.
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How to Make Money From Undrilled Oil
For $350 million a year, Ecuador’s offering not to drill for oil in the Amazon jungle.
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Detroit Shoots Itself in the Foot on Fuel Efficiency
With tougher standards, on the other hand, the Big Three will no longer need to worry about being out-competed on the gas-guzzling side of things, and they can invest more money in more earth-friendly cars. They should be lobbying for this bill, not against it.
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The Economics of Carbon Taxes
Mark
Thoma has a good overview of the economics of the carbon tax vs cap-and-trade
debate.
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Europe’s Cap-and-Trade System Did Work, After All
Europe’s carbon emissions have been reduced by its cap-and-trade system.
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Glenn Hubbard: Not Far From a Carbon Tax
Mark
Thoma, tongue only slightly in cheek, wants Glenn Hubbard and Greg Mankiw
to duke it out on carbon taxes versus cap-and-trade:
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How Car Mileage Demonstrates Problems With a Carbon Tax
Cars now struggle to achieve the mileage of 20 years ago.
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Three Answers from Charles Komanoff on Carbon Taxes
Charles Komanoff, of the Carbon Tax Center, responds to my questions.
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How Best to Minimize Carbon Emissions
No one approach will be sufficient. We need a cap-and-trade system and a carbon tax for the areas not covered by cap-and-trade.
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