By Kenneth Gillingham, Matthew J. Kotchen, David S. Rapson & Gernot Wagner.
Increasing energy efficiency brings emissions savings. Claims that it backfires are a distraction.
The Second Coming: What can the 44th president really achieve in his second term.
6 hours ago
By Kenneth Gillingham, Matthew J. Kotchen, David S. Rapson & Gernot Wagner.
Increasing energy efficiency brings emissions savings. Claims that it backfires are a distraction.
The Second Coming: What can the 44th president really achieve in his second term.
Yes, it really is climate change, stupid.
Call them “black swans,” “unknown unknowns,” “fat tails,” or “10-foot women.” Whatever you call them, they’re bizarre events. They shouldn’t happen. Usually they don’t happen.
This week, one did happen.
The climate problem, twice over: Seven billion “free riders,” meet the “free drivers” of geoengineering.
“Electricity: Seeking Progress Amid Uncertainty” on regulation, energy efficiency, energy and water, fossil fuels, and financing new development.
Carbon emissions have increased by 50 percent since the first Earth Summit meeting in Rio de Janeiro, but the rapid development of wind and solar energy offers hope.
Unknown unknowns, Black Swans, fat tails, 10-foot women dominate the world of finance. They also loom large in a world with global warming. You can bail out AIG, Greece, or even the United States. You can’t bail out the planet. Here’s the good news: We have ample warning signs to get started now and try to prevent the worst.
You reduce, reuse and recycle. You do all the right things.
Good.
Just know that it won’t save the tuna, protect the rain forest or stop global warming.
Gernot Wagner, economist at the Environmental Defense Fund, explains why the things individuals do—buying local produce, eating less meat, bringing reusable bags to the grocery store—won’t end up making much of a difference in halting global warming. Instead we ought to look to economics for solutions. Listen here.Gernot Wagner, economist at the Environmental Defense Fund explains why the things individuals do—buying local produce, eating less meat, bringing reusable bags to the grocery store—won’t end up making much of a difference in halting global warming. Instead he argues that economics will. Listen here.
Gernot Wagner, author of But Will the Planet Notice?, explains how smart economics can save the world from environmental dangers like global warming and overfishing. See video interview at The Street.com here.
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