Welcome to the SAS Solar Farm, Gov. Perdue

I had the privilege to lead off a press event this morning for North Carolina Gov. Bev Perdue at the SAS Solar Farm in Cary, NC. It was a beautiful photo event on a small hill overlooking the field. Here are my remarks: Good morning and welcome to the SAS […]

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Carbon Supply and Demand

In my Earth Day blog post last week, I introduced some claims that actions on price were better than actions on quantity in the carbon market. Now it is time to back up those claims. The main tool of economic thinking is supply and demand curves. Let's draw hypothetical supply […]

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Earth Day P's and Q's

I suggest you spend some time on Earth Day reading about environmental policy. First, you should get the most recent (April 19, 2009) issue of The New York Times Magazine and read the article "Why isn't the brain green?" by Jon Gertner. The most powerful force in environmental policy is […]

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Not Really an $11 Trillion Hole

The front page of the Wall Street Journal on March 13 highlighted an "$11 Trillion Hole" and said "Americans See 18% of Wealth Vanish." I looked at the chart, and the 2008 number indeed looked as if it had fallen off a cliff. But then I looked at the rest […]

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