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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Re quake

Well here’s some good news: China’s strongest earthquake in 58 years may reduce the nation’s energy demand as damaged power plants and transmission lines force companies to idle some generators. The down side, though, according to Bloomberg’s Rob Delaney, is the quake’s possible contribution to food inflation. Oh, yeah. And all the dead people. That’s …

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