Orszag on the “Safety Valve”

CBO’s Peter Orszag on the economics of putting a safety valve in a cap-and-trade bill: One option for allowing firms flexibility in determining when to reduce emissions while also achieving compliance with a cumulative emissions target would be through setting both a ceiling—typically referred to as a safety valve—and a floor on the allowance prices …

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plan out your propaganda

David Appell (who got me hooked on climate blogging in the first place) has some wise words regarding the latest bit of back-and-forth on climate change and hurricanes: Clearly more study is needed. Give the scientists time to do their jobs before you plan out your propaganda.

The Importance of Political Viability

Environmental economist John Whitehead explains why he won’t sign the economists’ petition arguing for a 100 percent auction of carbon emission credits, rather than giving some of them away for free: Why won’t I sign? I agree with everything in the statement except for the 100% part. 100% auctions seems like a guarantee that some …

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Global Warming! DDT! Penguins!

In a sort of grand convergence of anti-environmental flypaper, a souffle of red meat, New Scientist just sent out this news flash: Penguins exposed to DDT from melting glaciers Decades after most countries stopped using the insecticide DDT, frozen stores of the chemical are now dripping out of melting Antarctic glaciers – and into penguins. …

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