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It’s time to refocus California’s climate strategy

Severin Borenstein, professor of business | April 9, 2014

You know this already, but let’s review: Climate change is a global emissions problem. California produces about 1% of the world’s greenhouse gas emissions. Over the next few decades, the majority of emissions will come from developing countries. If we don’t solve the problem in the developing world, we don’t solve the problem. And lastly, … Continue reading »

California’s second cap-and-trade auction: Signs of a maturing market

Elizabeth Bailey, adjunct professor, Haas School of Business | February 26, 2013

The California Air Resources Board (ARB) held its second auction for greenhouse gas allowances this past Tuesday (Feb. 19).  Severin Borenstein blogged about his reactions to the first auction held back in November 2012 here. As a quick refresher, in the first auction, the market clearing price for a “current” vintage 2013 allowance was 9 … Continue reading »

Gingrich and the environment

Dan Farber, professor of law | November 21, 2011

Given Newt Gingrich’s current spurt in the polls, it’s worth taking a bit of a closer look at his environmental views.  He favors dismantling EPA, which should make him popular with the tea party.  But apparently he has problems in that quarter: The reaction from some conservative commentators was swift and harsh. “Intellectually incoherent,” said … Continue reading »