Tagged: intergenerational equity

The Biden Administration Increases the Social Cost of Carbon - The Changing Climate

Guest Author Mar 04, 2021

Ramin Skibba To turn the tide against climate change, on the day of his inauguration President Joe Biden signed an executive order instituting a raft of policy changes and initiatives. One directed his team to reassess the social cost of carbon. This seemingly obscure concept puts a number on how much damage a metric ton of carbon … Read More

Forests and intertemporal equilibrium - The Dismal Science

Eric Crampton Feb 17, 2021

I’m a bit of an ETS-absolutist. Or at least a carbon-pricing absolutist, in a place the size of NZ. I think the Weitzman reasons for preferring a carbon tax to an ETS are second-order relative to political economy considerations, and any weight at all put on switching costs makes it ludicrous to want NZ to flip from an ETS to … Read More