Are regulatory costs overestimated or underestimated by academics and government types? Depends on the case, of course. But the conventional wisdom is that the bias is toward overestimation because, when push comes to shove, industry finds cheaper ways to the job done. In a new paper, though, EPA …
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By Robert Hahn, Peter Passell | Tags: benefit-cost, David Simpson, Environmental Protection Agency | Category: Cost-Benefit Analysis, Quick Takes |
 Leave a commentWhat a difference a few years can make. With a committed president in the White House and solid Democratic majorities in Congress, climate change legislation based on a market-friendly cap-and-trade system seemed a slam dunk. If, by chance, lobbyists from the energy and utility industries managed to throw a spanner … We’re of two minds about EPA Administrator Lisa P. Jackson’s decision to delay imposition of curbs on carbon emissions, based on the EPA’s authority under the Clean Air Act. On the one hand, the reality that the EPA (in consultation with the White House, we presume) has backed … By Robert Hahn, Peter Passell | Tags: cap-and-trade, carbon emissions, Clean Air Act, Environmental Protection Agency | Category: Climate Change |
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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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