Congressional Budget Office Director Douglas Elmendorf testified on October 14 before the Senate Committee on Energy and Natural Resources to discuss the economic effects of reducing greenhouse gas emissions and the effects – most notably the effects of the Waxman-Markey cap and trade legislation. Although Elmendorf felt that Waxman-Markey could …
In an interview last year, Dr. Elinor Ostrom the recent recipient of the Nobel Prize in Economics, and the first woman to receive prize in economics, offers some tremendous insight. She stresses adaptation over a one-size-fits-all approach and says she doesn’t “think it’s possible just to have a nice little …
If cap and trade is meant to solve our climate crisis, why does the bill include funding to understand climate change? Section 451 of the Waxman-Markey cap and trade legislation includes funding to research the effects of “human-induced or natural changes in the global environment (including alterations in climate, land …
The road to Hell was paved with good intentions and so too are California’s green energy initiatives. Environmental activists point to California as the petri dish for the burgeoning of a green economy. Last week, Environmental Protection Agency Administrator, Lisa Jackson, gave a speech at the Governor’s Global Climate Summit …
When gas prices surpassed $4 per gallon last summer, it forced families to cancel their vacations. Not only was the day-to-day driving eating up families’ budgets, but it made the cost of traveling somewhere for vacation all that more expensive. Purchasing airline tickets was out of the question for many. …
Senators Barbara Boxer (D-Calif.) and John Kerry (D-Mass.) introduced draft legislation of a cap and trade bill with slightly more stringent near-term carbon reduction targets and Kerry’s message was simple: The recession worked so well to reduce carbon dioxide emissions, let’s keep it going. Senators from both sides of the …
What goes up must fall just as hard. Case in point: cash for clunkers: The dramatic decline in sales reported Thursday by the Big Three automakers suggested the extent to which the stimulus act has propped up the economy. The government’s wildly popular “Cash for Clunkers” program drove consumer spending …
