Tag Archives: acid rain

Reflections on Twenty Years of Policy Innovation

In 2009, the U.S. Congress considered but ultimately failed to enact legislation aimed at limiting U.S. greenhouse-gas (GHG) emissions.  The bill under consideration at that time, the American Clean Energy and Security Act of 2009, was the last in a … Continue reading >

Posted in Climate Change Policy, Economic Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Politics, Positive Political Economy | Tagged , , , , , , , , , , , , , , , , | 3 Comments

Cap-and-Trade: A Fly in the Ointment? Not Really

For more than two decades, environmental law and regulation was dominated by command-and-control approaches — typically either mandated pollution control technologies or inflexible discharge standards on a smokestack-by-smokestack basis.  But in the 1980s, policy makers increasingly explored market-based environmental policy … Continue reading >

Posted in Climate Change Policy, Environmental Economics, Environmental Policy | Tagged , , , , , , , , , , , , , | 7 Comments

The Making of a Conventional Wisdom

Despite the potential cost-effectiveness of market-based policy instruments, such as pollution taxes and tradable permits, conventional approaches -  including design and uniform performance standards – have been the mainstay of U.S. environmental policy since before the first Earth Day in … Continue reading >

Posted in Environmental Policy, Positive Political Economy | Tagged , , , , , , , , | 9 Comments

The Myth of Simple Market Solutions

I introduced my previous post by noting that there are several prevalent myths regarding how economists think about the environment, and I addressed the “myth of the universal market” ­– the notion that economists believe that the market solves all … Continue reading >

Posted in Environmental Economics | Tagged , , , , , | 6 Comments