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Keystone Pipeline and the Carbon Tax: A shotgun marriage that can work

David Zilberman, professor, agriculture and resource economics | January 26, 2015

We recently learned that Senators Pat Toomey (R-Pa.) and Dianne Feinstein (D-Calif.) suggested amending a bill that approves the building of the Keystone pipeline and abolishes the corn ethanol mandate. This is a very unwise proposal. If Congress needs a face-saving way to approve the Keystone pipeline, it should be done in a way that … Continue reading »

Is 2015 the year for a carbon tax?

David Zilberman, professor, agriculture and resource economics | January 5, 2015

Last year, during the holiday season the price of gasoline was at $3.57/gallon, which restricted the financial choices of everyday Americans. Actually from 2005 we consumers gradually adjusted to higher prices of oil. The adjustment wasn’t easy. Many lower-income individuals who purchased new homes far from work realized that they could not pay their mortgages, … Continue reading »

Doha schmoha

Maximilian Auffhammer, professor, international sustainable development | December 12, 2012

On Saturday (Dec. 8) another wildly unsuccessful round of climate negotiations, in Doha, Qatar, concluded with applying a band aid to solve the rapidly accelerating climate problem. The 1997 Kyoto accord was extended to 2020. If you think this is a good thing, you are severely mistaken. China, the US and the other usual suspects … Continue reading »

Using a carbon tax to decrease the deficit

Dan Farber, professor of law | May 22, 2012

A carbon tax would provide an incentive to reduce the use of fossil fuels, fostering the growth of clean energy.  But it would have another benefit as well: providing revenue to help cut the deficit. Much the same effect could be produced by auctioning allowances within a cap-and-trade system. According to Resources for the Future, … Continue reading »

Carbon pricing: How would it affect the poor?

Dan Farber, professor of law | August 1, 2011

Putting a price on carbon – whether through a trading system, a carbon tax, or otherwise – will increase energy costs.  These increases are regressive because the poor spend a larger portion of their budgets on gasoline, heating and power.  But determining the ultimate distributive impacts of pricing carbon is not straightforward.  Pricing carbon has … Continue reading »