Environmental Economics
The cromulent economics blog
recent posts
Category: Climate Change
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From E&E News (DOE: Major LNG project ‘would not increase’ CO2) from June 2022: A proposed liquefied natural gas project in Alaska would not raise greenhouse gas emissions, according to a new federal environmental review that assumes LNG exports elsewhere will continue to meet demand even if the planned pipeline and terminal aren’t built. ……
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The decision to allow mining in Alaska is controversial (Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska): In one of its most consequential climate decisions, the Biden administration is planning to greenlight an enormous $8 billion oil drilling project in the North Slope of Alaska, according to two people familiar…
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If I hear 'woke' used as a slur one more time … it won't be the last time because, evidently, it is good for ratings (How Environmentally Conscious Investing Became a Target of Conservatives): It’s been a widely accepted trend in financial circles for nearly two decades. But suddenly, Republicans have launched an assault on…
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David Leonhardt reviews the successes (low unemployment) and failures (inflation) of President Biden's economic team as it transitions in the NYT's what I think used to be called the the Morning Brief but now it is The Morning. After mentioning infrastructure investment we get this: Close readers may have noticed that the above list of…
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From Reuters* (Biden to name Fed's Lael Brainard as top economic adviser): U.S. President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard to the White House's top economic policy position as early as Tuesday, a source familiar with the matter said on Monday. … Markets' response was muted in Asia hours,…
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While teaching emissions control policies this last week to my undergraduates, I revisited my signature of the Economists’ Statement on Carbon Dividends (now signed by over 3600 economists). It’s been four years since the origin of the statement, and despite it being the most agreed-upon policy statement in the history of economics, no federal greenhouse…
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The MIT Climate Portal describes carbon offsets in this way: Carbon offsets are tradable “rights” or certificates linked to activities that lower the amount of carbon dioxide (CO2) in the atmosphere. By buying these certificates, a person or group can fund projects that fight climate change, instead of taking actions to lower their own carbon…
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This: A sharp spike in Greenland temperatures since 1995 showed the giant northern island 2.7 degrees (1.5 degrees Celsius) hotter than its 20th-century average, the warmest in more than 1,000 years, according to new ice core data. and this: “This is an important finding and corroborates the suspicion that the ‘missing warming’ in the ice…
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Peter Coy on the ASSA meetings (How the Coachella of Economics Can Survive Covid) (emphasis added): The annual three-day meeting is the Coachella of economics. It’s a be-in and a teach-in. In place of music, art and other earthly delights, there are PowerPoint presentations featuring innovations in econometrics. Nobel laureates rub shoulders with future ones.…
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The idea of an individual's or a household's carbon footprint is how much that person or household contributes to climate change. All anthropogenic climate change is caused by humans (by definition), so let's take all the humans who have ever lived and divide up the responsibility for climate change amongst them. What fraction of climate…
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