Lynne Kiesling I haven’t had time to read and think systematically about California’s proposed carbon policy, but I encourage you to read this post and this post at Environmental Economics, as well as the comments on them. I’ll probabably have something to say later, and it will likely riff off of John’s two posts. … More California’s Proposed Carbon Policy
Michael Giberson In addition to the wind energy developments that Lynne noted a few days ago, in Texas the Public Utility Commission is working to implement changes to that state’s renewable energy law. The Houston Chronicle reports that a battle has broken out over how to count mandatory and voluntary purchases of renewable energy for … More Unwinding the Logic of Green Power in Texas … More Unwinding the Logic of Green Power in Texas
Lynne Kiesling Usually in the week before Labor Day we see gas prices rise relative to their mid-summer levels. Not this year: gas prices are declining, to the lowest nominal levels since November 2005 (WaPo, registration required). Unlike normal summers when the seasonal change in demand elasticity provides the dominant effect on prices, this year … More Labor Day Gas Prices Are Falling, Not Rising … More Labor Day Gas Prices Are Falling, Not Rising
Lynne Kiesling Today’s Wall Street Journal has an article on Stockholm’s road congestion pricing pilot experiment (subscription required). Stockholm is a city of islands, so the road network is subtantially a set of bridges. Not surprisingly, congestion often ensues. From January through July, Stockholm tested one of the world’s most sophisticated traffic-management systems as part … More Road Congestion Pricing in Stockholm … More Road Congestion Pricing in Stockholm
Lynne Kiesling There’s been a lot of interesting wind power news items in the past week or so: 1. An Oregonian article on community wind power investments in smaller-scale projects in rural Oregon: “Although community wind is characterized by its contained scope and local tie-in, it is by no means quaint. The projects use the … More Wind Power News Update … More Wind Power News Update
Lynne Kiesling Sunday was the Accenture Chicago Triathlon. I had been hesitating to do this event for years because of the sheer mass of humanity: this year there were 8,000 athletes and 500,000 spectators. Happily, my sprint-distance wave was not too congested, and I was more able to swim than I expected. I had more … More Accenture Chicago Triathlon 2006 … More Accenture Chicago Triathlon 2006
Lynne Kiesling Tea is healthier to drink than water, due to the flavonoids in tea: These polyphenol antioxidants are found in many foods and plants, including tea leaves, and have been shown to help prevent cell damage. … Other health benefits seen included protection against tooth plaque and potentially tooth decay, plus bone strengthening. This … More I Knew My Tea Habit Was Healthy … More I Knew My Tea Habit Was Healthy
Lynne Kiesling Hal Varian makes a persuasive argument and does us all a great service with his Economic Scene column in today’s New York Times (registration required). He focuses on two specific aspects of the workings of oil and gasoline markets: storage arbitrage and the role of speculators. Storage arbitrage explains why, even if you … More Hal Varian: Markets at Work in Oil and Gasoline … More Hal Varian: Markets at Work in Oil and Gasoline
Lynne Kiesling One of the most important, and least understood, economic relationships is tax incidence. Policymakers often hold the mistaken belief that when they impose a tax on a particular type of income, the people who create and earn that income are the ones who pay the tax. What they fail to understand is that … More Tax Incidence: Who Bears the Burden of Tax Increases? … More Tax Incidence: Who Bears the Burden of Tax Increases?
Lynne Kiesling Radley Balko on lobbying: Do they not understand that lobbying is the inevitable, inescapeable product of a massive federal government? … If Franks is really concerned about corporate power and corruption in Washington, the best way to address his concerns would be to stop giving Washington so much power, and so much discretion … More Right On, Brother! … More Right On, Brother!