Energy Subsidies

An interesting new working paper by Hall et al. looks at the role of energy subsidies in the developing world as a problem – and potential solution – in dealing with climate change: Many non-OECD countries currently subsidize energy, and particularly fossil fuels, thereby creating an opportunity for subsidy reform or elimination that would have …

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Canadian Economists for a Carbon Tax

Economists sometimes get a bad rap – the unfair belief that they worship at the alter of markets above all else, ignoring real problems as a result. In fact, a great deal of contemporary economics is focused on the opposite – understanding the places where markets fail, and helping craft policies that can make up …

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Don’t Call It “Drought”

A reader familiar with my longstanding interest in how one defines “drought” sent along this interesting story from the Australian Broadcasting Corporation: Federal Government-selected experts want people to start using the word “dryness” to describe Australia’s worst drought in a century. The word “drought” makes farmers feel bad, says the Government’s hand-picked Drought Policy Review …

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