Lynne Kiesling The subject has roiled for the past few months: if the balance of the evidence has shifted toward the value of our taking more actions to reduce our greenhouse gas emissions, should the U.S. implement a carbon tax or a carbon market? Stated that bluntly, and based on centuries of experience with taxes …
Carbon Tax or Cap & Trade: Does It Matter Which One? Read More »
Lynne Kiesling For those of you interested in intelligent legal analysis of yesterday’s Supreme Court decision in the Massachusetts vs. EPA case, see Jonathan Adler’s post and the links he provides at Volokh. See also this thread of his earlier comments on the decision, and this extensive Google News search of articles on the decision. …
Lynne Kiesling Yesterday’s New York Times had an article about voluntary purchases of carbon offsets and their efficacy. Importantly, this article points out that private options exist for those who want to negate the carbon effects of their behavior. The couple highlighted in the story used Climate Care. Other organizations that provide carbon offset purchase …
Lynne Kiesling Up early for a Saturday, for a 6:45 AM Liverpool/Chelsea game (which the good guys won 2-0, even though fave KP hottie Xabi Alonso took a knee to the mouth and had to have stitches) … so inevitably I am trolling for geeky network regulation fodder now that the game’s over. And I …
Lynne Kiesling I have to embed myself in Deep Thought today on a paper for a conference in September, so will have to content myself with offering you these links for your consideration: Patri Friedman’s Catallarchy post “Pigouvian taxes are not efficient if the money gets wasted”. This is a hugely important point, and is …
Lynne Kiesling So the attempt to attach provisions to drill for oil in ANWR to a defense bill has failed. Should we be bugged about this? I think it depends on which forecasts you believe. Here’s what I mean: over the past five years I’ve had several different group research projects in which students perform …
Lynne Kiesling For the past seven years or so, the phrase “resource adequacy” has received increasing attention in electricity policy. The basic idea is this: before the Energy Policy Act of 1992, vertically-integrated utilities met their future regulatory “obligation to serve” mandate through integrated resource planning (IRP). Customers paid fixed, average, regulated retail rates, and …
Lynne Kiesling I am teaching environmental economics this fall, and Tuesday was our first day of class. As I have structured the class, it focuses on common-pool resource allocation decisions. So I typically start the class with the example of a river, which I draw on the board. I ask students to name the different …
Lynne Kiesling I am in Glen Arbor, Michigan, attending a Liberty Fund conference on Charles Darwin. I’ll have a lot to say about it. But for now, I refer you to the plentiful and interesting posts today at Environmental Economics. Coase, Grandfather Mountain, and an energy bill update.
Lynne Kiesling Glen Whitman’s got a nice post discussing utilitarianism, Coase, Layard, and the implications of Will Wilkinson’s recent evisceration of Layard’s utilitarian interventionist arguments about status and well being. When I first read Will’s post, my initial reaction was “yikes, I hope I never get on Will’s wrong side!” Will cleverly applies Coasian analysis …
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