About the Author
Robert N. Stavins is the Albert Pratt Professor of Business and Government, Director of the Harvard Environmental Economics Program, and Chairman of the Environment and Natural Resources Faculty Group.
Category Archives: Natural Resource Policy
On the Origins of Research
In response to my last essay at this web site, “On Becoming an Environmental Economist,” several readers suggested that someday I should write about the origins of my various research initiatives over the past 25 years. Today, I’m doing that … Continue reading
Posted in Climate Change Policy, Corporate Social Responsibility, Economic Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Forest Policy, Health Policy, Natural Resource Economics, Natural Resource Policy, Politics, Positive Political Economy, Water Policy, Wine Economics
Tagged benefit-cost analysis, cap-and-trade, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, externalities, free rider problem, global climate policy, Kyoto Protocol, linkage of cap-and-trade systems, market failure, market-based environmental policies, regulation, revenue-neutral taxes
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On Becoming an Environmental Economist
My essay this month represents a departure from my standard blog posts about a contemporary environmental policy issue. Rather, it is of a more personal nature, and stems from the fact that the second volume of my collected papers has … Continue reading
Posted in Climate Change Policy, Corporate Social Responsibility, Economic Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Forest Policy, Health Policy, Natural Resource Economics, Natural Resource Policy, Politics, Positive Political Economy, Water Policy, Wine Economics
Tagged benefit-cost analysis, cap-and-trade, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, free rider problem, global climate policy, information problems, Kyoto Protocol, linkage of cap-and-trade systems, market failure, market-based environmental policies, public goods, regulation, revenue-neutral taxes
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A Challenge for Climate Negotiators, and an Opportunity for Scholars
As I have written in many previous essays at this blog, the challenges standing in the way of an effective international climate change agreement are numerous and severe. It is also true that the prospects for a truly meaningful deal … Continue reading
Posted in Climate Change Policy, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged Cancun Agreements, COP-15, COP-16, Copenhagen, Copenhagen Accord, Durban Platform, environmental politics, global climate policy, Harvard Kennedy School, Joseph Aldy, Kyoto Protocol, Major Economies Forum, UNFCCC
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Economics of the Environment
The Sixth Edition of Economics of the Environment: Selected Readings has just been published by W. W. Norton & Company of New York and London. Through five previous editions, Economics of the Environment has served as a valuable supplement to … Continue reading
Posted in Climate Change Policy, Corporate Social Responsibility, Economic Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Forest Policy, Natural Resource Economics, Natural Resource Policy, Politics, Positive Political Economy, Water Policy
Tagged Australia, benefit-cost analysis, Brazil, California, cap-and-trade, China, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, European Union, externalities, free rider problem, global climate policy, import allowance requirement, India, information problems, Japan, Korea, Kyoto Protocol, linkage of cap-and-trade systems, market failure, market-based environmental policies, Mexico, Obama Administration, Office of Management and Budget, public goods, regulation, revenue-neutral taxes, sulfur dioxide
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The Platform Opens a Window: An Unambiguous Consequence of the Durban Climate Talks
In my previous essay – following the 17th Conference of the Parties (COP-17) of the United Nations Framework Convention on Climate Change (UNFCCC), which adjourned on December 11, 2011 – I offered my assessment of the Durban climate negotiations, addressing … Continue reading
Posted in Climate Change Policy, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Politics, Positive Political Economy
Tagged Brazil, Cancun Agreements, China, common but differentiated responsibilities, COP-15, COP-16, COP-17, Copenhagen, Copenhagen Accord, cost-effectiveness, distributional equity, Durban, Durban Platform, environmental politics, global climate policy, India, Kyoto Protocol, Mexico, Obama Administration, South Africa
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Misguided Objection to Progressive Policy: The EJ Lawsuit Against Implementation of California’s AB 32 Climate Policy
On May 20th, San Francisco Superior Court Judge Ernest Goldsmith ruled that the California Air Resources Board had not adequately explained its choice of a market-based mechanism – a cap-and-trade system — to achieve approximately 20 percent of targeted emissions … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged AB 32, California, California Air Resources Board, cap-and-trade, cost-effectiveness, distributional equity, environmental justice, environmental politics, global climate policy, Governor Jerry Bronw, green jobs, market-based environmental policies, Mary Nichols, Obama Administration, regulation, sulfur dioxide
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Reflecting on a Century of Progress and Problems
As the first decade of the twenty-first century comes to a close, the problem of the commons is more important to our lives – and more central to economics – than a century ago when the first issue of the … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Fisheries Policy, Natural Resource Economics, Natural Resource Policy, Positive Political Economy
Tagged A. C. Pigou, American Economic Review, benefit-cost analysis, cap-and-trade, China, common property resources, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, Elinor Ostrom, environmental politics, excludable, externalities, fisheries, free rider problem, Garrett Hardin, global climate policy, India, Indiana University, Katharine Coman, market failure, market-based environmental policies, non-excludable, non-renewable natural resource, open-access resource, private property, public goods, regulation, renewable natural resource, revenue-neutral taxes, rivalness, Ronald Coase, sulfur dioxide, Wellesley College
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Why Cancun Trumped Copenhagen
As we begin the year 2011, a look back at 2010 confirms that the greatest environmental achievement of the past year was the success that was achieved at the Sixteenth Conference of the Parties (COP-16) of the United Nations Framework … Continue reading
Posted in Climate Change Policy, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged Brazil, Cancun Agreements, China, Christiana Figueres, COP-15, Copenhagen Accord, environmental politics, European Union, G20, global climate policy, Green Climate Fund, India, Korea, Major Economies Forum, Mexico, Patricia Espinosa, South Africa, United Nations, United States, World Bank
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What Happened (and Why): An Assessment of the Cancun Agreements
The international climate negotiations in Cancun, Mexico, have concluded, and despite the gloom-and-doom predictions that dominated the weeks and months leading up to Cancun, the Sixteenth Conference of the Parties (COP-16) of the United Nations Framework Convention on Climate Change … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Forest Policy, Natural Resource Policy
Tagged ALBA States, Australia, AWG-KP, AWG-LCA, Bolivia, Brazil, Cancun, CDM, China, Christiana Figueres, Climate Technology Center and Network, COP-15, COP-16, COP-17, Copenhagen, Copenhagen Accord, cost-effectiveness, Council on Foreign Relations, Cuba, D, Danish Prime Minister Rasmussen, distributional equity, Durban, environmental politics, European Union, free rider problem, G20, global climate policy, Green Climate Fund, India, Japan, Korea, Major Economies Forum, market-based environmental policies, Mexico, Michael Levi, Nicaragua, Obama Administration, Patricia Espinosa, Pew Center on Global Climate Change, REDD+, South Africa, Sudan, Turkey, Venezuela
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Defining Success for Climate Negotiations in Cancun
International climate negotiations will continue in Cancun, Mexico, during the first two weeks of December, 2010. These will be the Sixteenth Conference of the Parties (COP-16) of the United Nations Framework Convention on Climate Change (UNFCCC). The key challenge is … Continue reading
Posted in Climate Change Policy, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged Australia, Brazil, Cancun, China, COP-15, COP-16, Copenhagen, Copenhagen Accord, cost-effectiveness, distributional equity, efficiency, environmental politics, European Union, free rider problem, George W. Bush, global climate policy, India, Japan, Korea, linkage of cap-and-trade systems, Major Economies Forum, market failure, market-based environmental policies, Mexico, New Zealand, Obama Administration, South Africa, Waxman-Markey legislation
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Both Are Necessary, But Neither is Sufficient: Carbon-Pricing and Technology R&D Initiatives in a Meaningful National Climate Policy
For many years, there has been a great deal of discussion about carbon-pricing – whether carbon taxes or cap-and-trade – as an essential part of a meaningful national climate policy. It has long been recognized that although carbon-pricing will be … Continue reading
Posted in Climate Change Policy, Economic Stimulus Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics, Natural Resource Policy, Positive Political Economy
Tagged ARPA-E, cap-and-trade, carbon pricing, carbon tax, Copenhagen Accord, cost-effectiveness, David Leonhardt, efficiency, environmental politics, externalities, free rider problem, global climate policy, green jobs, information problems, market failure, market-based environmental policies, New York Times, Obama Administration, patents, public goods, R&D, regulation, revenue-neutral taxes, Robert Hahn, technological change, technology innovation, technology R&D policies, U.S. House of Representatives, U.S. Senate, Wall Street Journal, Waxman-Markey legislation
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AB 32, RGGI, and Climate Change: The National Context of State Policies for a Global Commons Problem
Why should anyone be interested in the national context of a state policy? In the case of California’s Global Warming Solutions Act (AB 32), the answer flows directly from the very nature of the problem — global climate change, the … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged AB 32, Best Available Control Technology, CAFE standards, cap-and-trade, carbon tax, carbon-pricing policy, cost-effectiveness, Dormant Commerce Clause, endangerment finding, environmental politics, free rider problem, global climate policy, Harvard Project on International Climate Agreements, Lawrence Goulder, linkage of cap-and-trade systems, market failure, market-based environmental policies, Massachusetts v EPA, mobile source standards, National Bureau of Economic Research, new source performance standards, New Source Review, NIMBY, Obama Administration, Pavley standards, price collar, principal-agent problem, public goods, public nuisance, regulation, revenue-neutral taxes, RGGI, safety-valve, Stanford University, sulfur dioxide, Supreme Court, tailoring rule, technological change, U.S. House of Representatives, U.S. Senate, Waxman-Markey legislation, Western Climate Initiative
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Unintended Consequences of Government Policies: The Depletion of America’s Wetlands
Private land-use decisions can be affected dramatically by public investments in highways, waterways, flood control, or other infrastructure. The large movement of jobs from central cities to suburbs in the postwar United States and the ongoing destruction of Amazon rain … Continue reading
Posted in Environmental Economics, Environmental Policy, Forest Policy, Natural Resource Economics, Natural Resource Policy, Water Policy
Tagged benefit-cost analysis, Clean Water Act, common property resources, econometric analysis, economic valuation, environmental politics, externalities, free rider problem, infrastructure, land use, market failure, public goods, regulation, U.S. Army Corps of Engineers, U.S. Soil Conservation Service, wetlands
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Chaos and Uncertainty in Copenhagen?
Earlier today, I was asked by the Financial Times, “who is responsible for the chaos and uncertainty” at COP-15 in Copenhagen? I’m not sure those are the words I would have chosen to characterize the situation at the climate negotiations … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Policy, Positive Political Economy
Tagged Australia, Bella Center, Brazil, Civil Society, common property resources, Copenhagen, cost-effectiveness, Denmark, distributional equity, efficiency, environmental politics, European Union, Financial Times, free rider problem, global climate policy, India, Japan, market failure, market-based environmental policies, Mexico, New Zealand, Obama Administration, public goods, South Africa, United Nations
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Is Benefit-Cost Analysis Helpful for Environmental Regulation?
With the locus of action on Federal climate policy moving this week from the House of Representatives to the Senate, this is a convenient moment to step back from the political fray and reflect on some fundamental questions about U.S. … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics, Natural Resource Policy
Tagged benefit-cost analysis, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, externalities, first welfare theorem, global climate policy, information problems, market failure, monetary values, Obama Administration, Office of Management and Budget, regulation, Regulatory Impact Analysis, U.S. House of Representatives, U.S. Senate, uncertainty, Waxman-Markey legislation
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Straight Talk about Corporate Social Responsibility
Critical thinking about “corporate social responsibility” (CSR) is needed, because there are few topics where discussions feature greater ratios of heat to light. With this in mind, two of my Harvard colleagues – law professor Bruce Hay and business school … Continue reading
Using Markets to Make Fisheries Sustainable
Around the world, over-fishing is leading to severe depletion of valuable fisheries. This is as true in U.S. coastal waters as it is in many other parts of the world. In New England waters, for example, after two decades of … Continue reading