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Championing Environment, Francis Takes Aim at Global Capitalism

June 18, 2015

[The New York Times ]...“I respect what the pope says about the need for action, but this is out of step with the thinking and the work of informed policy analysts around the world, who recognize that we can do more, faster, and better with the use of market-based policy instruments — carbon taxes and/or cap-and-trade systems,” Robert N. Stavins, the director of the environmental economics program at Harvard, said in an email.

Crude Oil Prices, Climate Change, and Global Welfare

May 27, 2015

[Robert Stavins' blog] A few weeks ago, I participated in a panel session titled, "The Remarkable Transformation of the Energy Sector: Does it Also Transform Our World." The motivating question was: "Is the dramatic decline in oil prices a complete gift to the West because of the enormous funds being saved, or is it an unintended Trojan horse because development of renewable energy as well as new fossil-fuel sources will decline in the West, posing longer new challenges?"

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