Category Archives: climate change

Taxing Falling Carbon Emissions

Back in November 2007, in a long post on the relative merits of a carbon tax and a cap-and-trade system, I said that one big advantage of cap-and-trade was that it was "a dynamic hedge of fat-tail CO2 risk". The … Continue reading

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When Buying a Hybrid Isn’t Green

If I were ever to have a nice little place in the Hudson valley (a chap can dream), I’d need a car to keep at the train station while I was in the city and to run me into the … Continue reading

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The Problem With Cap-and-Trade Offsets

Richard Sandor, the chairman of the Chicago Climate Exchange, is an old-school Chicago trader who doesn’t often self-censor. But in this case, he most definitely should have: The debate over whether or not a polluter would have cut its greenhouse-gas … Continue reading

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Cap-and-Trade in the US

Did you know that September 29 saw the largest carbon auction the world has ever seen? OK, it was pretty small on an absolute level — it raised just $39 million, and the price per ton of carbon emitted was … Continue reading

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Can Carbon Markets Help Stop Deforestation in the Amazon?

I spent the morning at a meeting in midtown on the subject of the nascent carbon markets in Brazil. They’re tiny at the moment, and they’re likely to remain tiny — unless and until the US implements a cap-and-trade system … Continue reading

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Drilling for Revenues

Free Exchange has it right, I think, and Tyler Cowen is being needlessly self-abnegating. Drilling for US oil might well make sense as a matter of fiscal policy, especially for Alaska; it gets us nowhere fast as a an "energy … Continue reading

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Climate Engineering Proposal of the Day

Freeman Dyson waxes imaginative in the NYRB: Snow-dumping in East Antarctica would be a good way to stop sea levels from rising… East Antarctica is much colder and larger than Greenland and West Antarctica, and the ice cap on East … Continue reading

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CO2 Emission Datapoint of the Day

Barbara Kiviat reports: Over a 24-hour period, a single cargo ship sitting at Long Beach with its engines running throws off more emissions than all the passenger car traffic in the Los Angeles metro area. I’m sure that most cargo … Continue reading

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Gas Mileage: Overrated

I never thought I’d say this, but America has become too obsessed with gas mileage. Prius owners use their real-time mileage readout to try and get the absolute maximum number of miles out of every tank; politicians talk dreamily of … Continue reading

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Eat Roo

In case you wanted another reason to eat kangaroo rather than beef: they emit just 0.003 tonnes of greenhouse gases per animal per year, compared to 1.67 tonnes per cow per year. And they don’t just save in terms of … Continue reading

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