Gayer & Viscusi: Energy efficiency regulations, the environment, and consumer sovereignty

Lynne Kiesling Ted Gayer of the Brookings Institution and Kip Viscusi of Vanderbilt University have a new Mercatus working paper that is a careful and thoughtful critique of the rationale, the methodology, and the outcomes of federal energy efficiency regulations. Using standard Pigouvian externality theory, most environmental regulations are based on the “market failure” rationale … More Gayer & Viscusi: Energy efficiency regulations, the environment, and consumer sovereignty

Green urban infrastructure can save green(backs)

Lynne Kiesling Some of the best environmental projects also save money. This post at The Atlantic’s Cities blog highlights urban green infrastructure such as permeable pavement projects, including a recent study finding that they can also be economical: Looking at 479 case studies of green infrastructure projects around the U.S., the report finds that the … More Green urban infrastructure can save green(backs)

Praise for a New York Times article on natural gas fracking (Or, How property rights help mitigate potential environmental harms)

Michael Giberson I’m writing in praise of a New York Times article on natural gas fracking. Yes, really! Even more surprising, I’m writing in praise of a New York Times on fracking written by Ian Urbina. Yes, really! What is this marvel, you ask? I answer, “Rush to Drill for Natural Gas Creates Conflicts With Mortgages.” What is so … More Praise for a New York Times article on natural gas fracking (Or, How property rights help mitigate potential environmental harms)

A Coasian look at pesticide and genetic drift

Michael Giberson A few weeks back Lynne drew attention to an interesting property dispute between neighboring farmers in Minnesota, currently the subject of legal action (see news summary here, related court decision here). In brief, the issue is pesticide drift from conventionally farmed crops onto a neighboring organic farm, and whether the organic farm can … More A Coasian look at pesticide and genetic drift

Lomborg and Haab on light bulbs and technology

Lynne Kiesling Thanks to Tim Haab for pointing us to this excellent observation from Bjorn Lomborg about innovation, regulation, and environmental quality: Real reductions in carbon emissions will occur only when better technology makes it worthwhile for individuals and businesses to change their behavior. CFLs and other advances can take us part of the way, … More Lomborg and Haab on light bulbs and technology