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Paris Can Be a Key Step

November 17, 2015

[Robert Stavins' blog] I returned from a brief trip to Paris two days before the horrific events of November 13th, which have shocked and saddened civilized people everywhere. I was in Paris for discussions regarding climate change policy at OECD headquarters.

If the US Had Price on Carbon, Would Keystone XL Have Made Sense?

November 9, 2015

[The Conversation ] James Stock:...The starting point of environmental economics is that pollution creates negative externalities – that is, polluting imposes harm on others in a way not reflected in its price.

The textbook approach to address this problem is to “internalize” the externality by adjusting the price of the polluting activity to reflect the monetary value of that externality. In theory, the polluter is discouraged from polluting because those external costs are now figured into its operations.


Learn about HEEP

HEEP is a university-wide initiative addressing today's complex environmental challenges and is based in the Harvard Kennedy School’s Mossavar-Rahmani Center for Business and Government. Learn more by reading director Robert Stavins' welcome message.

News from the Harvard Project on Climate Agreements

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