Comments on: The President Caves on Climate Policy http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/ Musings on Economics, Finance, and Life Mon, 13 Feb 2012 22:36:34 +0000 hourly 1 http://wordpress.com/ By: The VAT Isn’t the Solution to Our Deficit — By: Veronique de Rugy - www.webuda.com - deep web news radio http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1921 Thu, 18 Feb 2010 07:52:35 +0000 http://dmarron.com/?p=2586#comment-1921 [...] by banks: $30 billion was turned into a lending program for small businesses. Look at the projected $500 billion revenue over ten years from cap-and-trade in Obama’s budget: It’s used to pay off interest groups and new [...]

]]> By: The VAT Isn’t the Solution to Our Deficit — By: Veronique de Rugy - www.vacau.com - Deep Web News Radio http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1916 Thu, 18 Feb 2010 00:15:26 +0000 http://dmarron.com/?p=2586#comment-1916 [...] by banks: $30 billion was turned into a lending program for small businesses. Look at the projected $500 billion revenue over ten years from cap-and-trade in Obama’s budget: It’s used to pay off interest groups and new [...]

]]> By: The VAT Isn’t the Solution to Our Deficit — By: Veronique de Rugy - www.comxa.com - Deep Web News Radio http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1911 Wed, 17 Feb 2010 05:44:40 +0000 http://dmarron.com/?p=2586#comment-1911 [...] by banks: $30 billion was turned into a lending program for small businesses. Look at the projected $500 billion revenue over ten years from cap-and-trade in Obama’s budget: It’s used to pay off interest groups and new [...]

]]> By: Donald Marron http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1846 Tue, 09 Feb 2010 01:15:03 +0000 http://dmarron.com/?p=2586#comment-1846 Hi Ryan — Sorry for being to respond. A good place to start is this overview by the Congressional Budget Office: http://www.cbo.gov/ftpdocs/89xx/doc8946/04-25-Cap_Trade.pdf

It includes references to related studies.

]]> By: Donald Marron http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1845 Tue, 09 Feb 2010 01:11:48 +0000 http://dmarron.com/?p=2586#comment-1845 Thanks, that’s an excellent example. And it drives home just how many decisions, big and small, should go into any response to climate concerns. Hence the attractiveness of pricing mechanisms that work their way through the whole economy.

]]> By: Andrew http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1820 Fri, 05 Feb 2010 02:13:20 +0000 http://dmarron.com/?p=2586#comment-1820 Very good point. Baring a dramatic political reversal by November, cap and trade will probably be off the table until 2013 at earliest so hopefully they will have time to get this right.

]]> By: lucklucky http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1809 Wed, 03 Feb 2010 19:35:49 +0000 http://dmarron.com/?p=2586#comment-1809 Even here supporters of Carbon farse….

]]> By: Dallas http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1808 Wed, 03 Feb 2010 18:16:24 +0000 http://dmarron.com/?p=2586#comment-1808 An increasing cost of carbon would release a lot of small innovations and changes, which would reduce carbon emissions by improving carbon utilization efficiency. The number and complexity of all these small innovations and changes by individuals in their individual situations can’t be directed by government, but will respond to price signals.

For example, I returned a new expensive All-Clad crock pot after we turned it on and found out that the outside was very hot (energy inefficient) and the manufacture had probably saved a dollar or two on production cost on a $200 item by using inadequate insulation. This shoves an extra $.40 on every meal cooked (my cost, not All-Clad’s) and corresponding extra CO2 emissions. Higher carbon costs would increase that 40¢ and increase the number of people who would look at their design as being what is is — lousy design.

]]> By: Ryan http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1807 Wed, 03 Feb 2010 16:12:54 +0000 http://dmarron.com/?p=2586#comment-1807 “But studies have repeatedly found that such compensation would require only a fraction of the overall value of the allowances. There should still be plenty of room for allowances that are ear-marked for deficit reduction.”

Do you know any of these studies off hand?

]]> By: The Sorry State of Cap-and-Trade - Economics - http://dmarron.com/2010/02/02/the-president-caves-on-climate-policy/#comment-1806 Wed, 03 Feb 2010 07:41:17 +0000 http://dmarron.com/?p=2586#comment-1806 [...] 2009 (2)December 2008 (1)November 2008 (3)October 2008 (1)September 2008 (3) As Donald Marron points out, "At a time of unsustainable deficits, deficit neutrality is a remarkably lame vision for [...]

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