Archive for Climate Change
A Risk-Free Prediction on the Economics “Nobel” That Is All Upside
I am not making a formal prediction here, so if it doesn’t pan out, no harm. However, it occurs to me that to the extent one thinks the various Nobel Prizes (and related “Nobel Memorial Prize in Economic Science” award) are issued for political reasons,* rather than strictly for merit, then I would expect this […]
Read moreA U.S. Carbon Tax: The Rest of the Story (Part 1 of 4)
Over the summer, I organized a conference for the Institute for Energy Research (IER). My purpose was to present truly “consensus” facts from the economics literature on carbon taxes. If you will go with me on this journey, I am pretty sure you will realize that the case for a carbon tax is much weaker […]
Read morePotpourri
==> I think President Obama should read from this website in celebration of Columbus Day, in order to win over Sean Hannity. ==> My favoriet go-to guy for climate science is Chip Knappenberger. Here’s his archive at Cato. In particular, y’all should be aware of the skullduggery in the latest IPCC report (AR5), in which […]
Read moreAustralia’s Carbon Tax: Lessons for the United States
That’s the title of my blog post summarizing the key points from Dr. Alex Robson’s new study (commissioned by IER) on Australia’s experience with a carbon tax. I don’t want to reduce your incentive to follow the link, so I won’t give any quotes here. There are some purdy graphs and everything, so it’s easy […]
Read moreMIT Economist’s Audacious Paper on Economic Climate Models
I’ve been traveling so much I just realized I haven’t blogged about this yet. I have two IER posts summarizing some of the key points from a forthcoming paper (in the September issue of the Journal of Economic Literature) that is surprisingly scathing in its treatment of the “social cost of carbon” estimates coming out […]
Read moreSee the Knots the Federal Government Is In, Regarding “Social Cost of Carbon”
This is pretty funny. In my Senate testimony one of the key points I made was that the Office of Management and Budget (OMB) guidelines state that federal agencies are supposed to do cost/benefit calculations using both a 3% and a 7% discount rate. Yet the Obama Administration Working Group only used 3% and 5% […]
Read morePotpourri
==> John Nash’s PhD dissertation: 26 pages in the body of the paper, and a mere 2 citations, one of which was his own previous paper. (HT2 MR) ==> If somebody wants to wade through this post-game show of my debate with Warren Mosler, I would appreciate it. This guy Rohan is a careful thinker […]
Read moreYes Daniel, the OMB Did Have Climate Change in Mind When They Still Insisted on a 7 Percent Discount Rate
In the context of my recent Senate testimony on the “social cost of carbon,” my favorite Keynesian grad student said that for all we know, the OMB guidelines (which require reporting CBA in terms of a 7% discount rate, as well as 3% and others that might be appropriate to the situation) was just a […]
Read more
Recent Comments