[Standard Examiner ]...“I would personally be delighted if a carbon tax were politically feasible in the United States, or were to become politically feasible in the future,” said Harvard economics professor Robert Stavins. “At some point, the politics will change, and it’s important to be ready.”
[The Conversation ] Joseph Aldy: President Trump jettisoned more than 30 years of bipartisan regulatory policy on January 30 when he issued an executive order on “Reducing Regulation and Controlling Regulatory Costs.” The order requires that whenever a new regulation is enacted by any federal agency, regulators must eliminate two rules, so that the cost of complying with the new rule is offset by the costs associated with the two existing rules. But Trump misses a crucial point about government regulations: They impose costs on… Read more about What Trump Misses About Regulations: They Produce Benefits as Well as Costs
HEEP Faculty Fellow Joe Lassiter explains in a TED talk video the importance of pursuing new nuclear options to reduce carbon emissions, while at the same time lifting people in the developing world out of poverty. Lassiter argues that investment in new nuclear alternatives could compete economically with fossil fuels.
[The Washington Diplomat ]...A study by Joseph Aldy, a Harvard University associate professor and former White House energy policy advisor, found the elimination of subsidies would have a negligible impact on U.S. oil and gas production, which is more closely linked to technological advances and the price of oil. Since 2014, U.S. oil and gas companies have eliminated more than 100,000 jobs as the price of oil plummeted, even though they were still receiving subsidies.
HEEP Director Robert N. Stavins was awarded the Edmund G. “Pat” Brown Award, presented annually by the California Council for Environmental and Economic Balance (CCEEB) to a leader in advancing environmental policy in California. CCEEB is a coalition of business, labor, and public leaders seeking to promote both a sound economy and a healthy environment. The award is named after the former California governor, founding CCEEB Chairman, and father of current Governor Jerry Brown.
[The New York Times ] Joseph Aldy: Renewable power has experienced tremendous growth: Wind and solar’s share of total U.S. power generation increased to 5 percent in 2015 from less than 0.5 percent in 2005. This growth reflects both innovation driving down costs and an array of subsidies, including tax credits and grants (about 30 percent of investment costs), accelerated depreciation (15 percent of investment costs), loan guarantees (7 percent of investment costs), and state renewable power mandates, which create… Read more about Subsidies in the Wrong Places Skew Reneweable Energy’s Power
News from the Harvard Project on Climate Agreements