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Richard Schmalensee

 

 

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2013

March 7, 2013

"The Sordid History of Congressional Acceptance and Rejection of Cap-and-Trade: Implications for Climate Policy"

Op-Ed, Vox

By Richard Schmalensee and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements

Not so long ago, cap-and-trade mechanisms for environmental protection were popular in Congress. Now, such mechanisms are denigrated. What happened? This column tells the sordid tale of how conservatives in Congress who once supported cap and trade now lambast climate change legislation as 'cap-and-tax'. Ironically, conservatives are choosing to demonise their own market-based creation. The successful conservative campaign that disparaged cap-and-trade means it may now be politically impossible to promote it in the US. The good news? Elsewhere, cap and trade is now a proven, viable option for tackling large-scale environmental problems.

 

2012

August 2012

"The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment"

Discussion Paper

By Richard Schmalensee and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements

In a new discussion paper, authors Richard Schmalensee, professor of economics at the Massachusetts Institute of Technology, and Robert N. Stavins, director of the Harvard Project on Climate Agreements, explore four ironic outcomes associated with the otherwise very successful sulfur-dioxide cap-and-trade system created by the Clean Air Act Amendments of 1990.

 

2011

April 25, 2011

"An Opportunity for Timely Action: EPA's Transport Rule Passes the Test"

Op-Ed, The Huffington Post

By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements and Richard Schmalensee

"Along with these health benefits, the largest shares of short-term improvements in employment and regional economies are likely to accrue to the regions that are most dependent on coal-fired power, as they invest in new pollution control equipment. Thus, while designed to help regions downwind of coal-fired power plants, the Transport Rule also offers substantial benefits to upwind states."

 

2010

AP Photo

November 24, 2010

"Renewable Irony"

Op-Ed, The Huffington Post

By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements and Richard Schmalensee

"It is often argued that if cap-and-trade is dead, enacting renewable or clean electricity standards is better than doing nothing at all about climate change. While that argument has some merit, since the risks of doing nothing are substantial, there is a real danger that enacting these standards will create the illusion that we have done something serious to address climate change. Worse yet, it could create a favored set of businesses that will oppose future adoption of more efficient, serious, broad-based policies — like cap-and-trade."

 

 

AP Photo

July 27, 2010

"The Power of Cap-and-Trade"

Op-Ed, Boston Globe

By Richard Schmalensee and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements

"A price on carbon is the least costly way to provide meaningful incentives for technology innovation and diffusion, reduce emissions from fossil fuels, and drive energy efficiency. In the long run, it can reduce our use of oil and drive our transportation system toward alternative energy sources."

 

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