Climate change legislation died an ignominious death in the Senate earlier this year. If you’d like to understand why, check out Ryan Lizza’s autopsy of the effort in the latest New Yorker. Lizza documents how the “tripartisan” trio of John Kerry, Joe Lieberman, and Lindsey Graham came up short in their effort to craft a [...]
Posts Tagged ‘Climate Change’
Will Budget Concerns Ever Influence Carbon Policy?
Posted in Energy, Environment, Politics, tagged Climate Change, Energy, Environment, Politics, Taxes on October 10, 2010 | 7 Comments »
The End of Cap and Trade?
Posted in Energy, Environment, Microeconomics, Regulation, tagged Climate Change, Energy, Environment on July 12, 2010 | 2 Comments »
No, not for carbon. For sulfur dioxide. As noted by Mark Peters at the Wall Street Journal: The original U.S. cap-and-trade market, which succeeded in slashing the power-plant emissions that cause acid rain, is in disarray following the issuance of new federal pollution rules. The collapse in the pioneering market where power producers trade permits [...]
The President Caves on Climate Policy
Posted in Budget, Energy, Environment, tagged Budget, Climate Change, Deficit on February 2, 2010 | 11 Comments »
At a time of unsustainable deficits, deficit neutrality is a remarkably lame vision for climate policy. Last year, President Obama proposed to raise $500 billion over ten years through a cap-and-trade system that would limit carbon emissions. This year his climate policy raises nothing. The president still backs cap-and-trade, but he has caved into congressional [...]
Initial Thoughts on the President’s Budget
Posted in Budget, Politics, tagged Budget, Climate Change, Politics, Taxes on February 2, 2010 | 4 Comments »
1. Big deficits. Under the President’s specific proposals, deficits will total $10 trillion from 2010-2020. Oh, and if existing policies (as defined by the administration) run their course, those deficits would actually be $12 trillion. Those are gigantic numbers. Under either scenario, our debt would grow faster than the economy every single year. That’s simply [...]
Climate Change and the Deficit
Posted in Budget, Energy, Environment, tagged Budget, Climate Change, Deficit on December 2, 2009 | 2 Comments »
Over at the National Journal’s Economy blog, John Maggs asks some budget experts for recommendations of how President Obama can bring the budget deficit down by 2016. Here’s an excerpt from my contribution: President Obama should combine his concern about climate change with his concern about the budget. … President Obama should demand … that [...]
Climate Change vs. Deficit Reduction?
Posted in Uncategorized, tagged Budget, Climate Change on November 13, 2009 | Leave a Comment »
Next February, President Obama will unveil his 2011 budget. Over the past few days, the news media have begun to speculate about some of the steps that he might propose in order to tame our growing deficits. Over at Politico, Mike Allen and Jim Vandehei suggest that one policy casualty ought to be the effort to combat climate change: The [...]
Big Money in Cap-and-Trade
Posted in Auctions, Budget, Energy, Environment, Politics, Regulation, tagged Auction, Budget, Cap and Trade, CBO, Climate Change, Politics, Regulation, Taxes on June 30, 2009 | 9 Comments »
On Friday, the House of Representatives passed its climate change bill by a slim margin. The bill’s key feature is a cap-and-trade system for greenhouse gases. That system would set national emission limits and would require affected emitters to own permits (called allowances) to cover their emissions. The number one thing you should know about this [...]
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