It turns out Mary Poppins had it right: “a spoonful of sugar makes the medicine go down.” That’s one of the takeaways from a recent IMF study on energy subsidies, how they distort economies and also how to reform them. The IMF doesn’t quote Ms. Poppins directly, of course, …
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We’ve said it before and we’ll say it again – government support for ethanol is both bad climate policy and bad economics. Now, the government data offer more evidence that, as a business, ethanol for fuel doesn’t add up. Despite some recent improvement, data from the Department of Energy … Federal subsidies come in a variety of forms, from the overt (a check from the Treasury) to the vaguely disguised (accelerated tax depreciation) to the well-concealed (government insurance for less than the real cost). If you know your way around federal documents and are willing to work hard, you can … By Robert Hahn, Peter Passell | Tags: Pew Charitable Trusts, Subsidyscope, Sunlight Foundation | Category: Government Subsidies, Quick Takes |
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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