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Ghost of Milton Friedman Materializes in Chicago, Endorses a Price on Carbon

October 29, 2014

[The Huffington Post ]...Steve Cicala, who is an assistant professor at the U of C's Harris School of Public Policy, then brings us into the logic of Friedman's conclusion with a hypothetical. Let's pretend, he says, that he owns a steel mill that sells its product for $100 a ton. And let's further pretend that co-panelist Michael Greenstone, who is the U of C's Milton Friedman Professor of Economics, lives downwind from his mill.

E.U. Greenhouse Gas Deal Falls Short of Expectations

October 24, 2014

[The New York Times ]...The deal requires a 40 percent cut in emissions from levels in 1990, a period when carbon pollution from European coal plants was at high levels. In the United States, President Obama is pushing policies to cut carbon pollution by 17 percent from levels in 2005, a year in which carbon pollution was much lower, according to Robert N. Stavins of the Harvard Project on Climate Agreements.

What Can Universities Do About Climate Change?

October 20, 2014

There has been considerable debate about whether universities – and, for that matter, foundations – should divest fossil-fuel stocks from their investment portfolios as a way to reduce the risk of global climate change.  My own institution, Harvard University, decided that such an action was neither warranted nor wise (a position that I have supported in a post at this blog, as well as in a


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