New Zealand’s Emissions Trading Scheme includes industrial allocations of carbon credits aimed at avoiding inefficient carbon leakage.But the formula is wrong. Imagine that you’re a domestic firm producing stuff that generates CO2 emissions. You correctly have to surrender NZU – one for each tonne of emissions. But if competitors in foreign markets do not face a…
Just fix industrial allocations
Just fix industrial allocations
25 Jul 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand Tags: carbon tax, carbon trading
Supreme Screw-up: Climate Fallacies Embraced by Canada’s Highest Court
28 Jul 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: Canada, carbon tax
Canadian Supreme Court justices rendered an opionion regarding climate change that does not bear up under scrutiny. Former government litigator Jack Wright exposes the errors in his C2C Journal article Supreme Screw-up: How Canada’s Highest Court Got Climate Change Wrong. Excerpts in italics with my bolds and added images. Many Canadians think of the Supreme […]
Supreme Screw-up: Climate Fallacies Embraced by Canada’s Highest Court
India Rejects Carbon Tax, Backs Fossil Fuels and Trade in Defiance of Green Policies
03 Jun 2025 1 Comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth disasters, growth miracles Tags: carbon tax, India
India won’t bow to carbon taxes and it won’t join an unscientific climate war that sacrifices its future. The U.K. and EU would do well to listen, lest they find themselves on the losing end of an Asian-dominated trade battle over manufactured goods.
India Rejects Carbon Tax, Backs Fossil Fuels and Trade in Defiance of Green Policies
Paris Accord could determine election
28 Feb 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand, Public Choice, rentseeking Tags: carbon tax
The government’s commitment to the Paris Accord has garnered opposition from farmers and farming organisations. Federated Farmers is not supportive: The Government’s announcement today of a 2035 climate target of a 51-55% emissions reduction has signed New Zealand up for a decade more of planting pine on productive land, Federated Farmers meat and wool chair […]
Paris Accord could determine election
Which are the most effective subsidies for green energy?
26 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: cap and trade, carbon tax, climate alarmism
That is the topic of my latest Bloomberg column, here is one excerpt: A recent study finds that, of all domestic subsidies, the most effective involve replacing the dirty production of electricity with the cleaner production of electricity. In practice, that means subsidies or tax credits for solar and wind power. Those are more than twice as effective as […]
Which are the most effective subsidies for green energy?
Should We Abolish Fossil Fuels to Stop Global Warming? A Soho Forum Debate
01 Nov 2021 1 Comment
in applied price theory, applied welfare economics, development economics, energy economics, environmental economics, global warming Tags: carbon tax, carbon trading, climate alarmists, pessimism bias
Richard Tol argues that – cost wise – emission reduction can be modest
31 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economic history, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: carbon tax, carbon trading
Market instruments for environmental policy
28 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics Tags: carbon tax, carbon trading, pollution taxes
William Nordhaus – ECB Conference on Monetary Policy – 19 October 2020
20 Oct 2021 Leave a comment
in applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, Public Choice, public economics Tags: carbon tax, carbon trading
Stern Review on the Economics of Climate Change: William Nordhaus
08 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, financial economics, global warming Tags: carbon tax, carbon trading
What is net zero? | The Economist
07 Oct 2021 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles Tags: carbon tax, carbon trading
The Climate Clubs Solution | William Nordhaus
03 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, growth miracles, international economic law, International law, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: carbon tax, carbon trading, climate clubs, free riding, international public goods
How do carbon markets work? | The Economist
02 Oct 2021 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, international economic law, International law, Public Choice Tags: carbon tax, carbon trading
The economics of climate change by William Nordhaus 2021
27 Sep 2021 Leave a comment
in applied price theory, applied welfare economics, econometerics, energy economics, environmental economics, global warming Tags: carbon tax, carbon trading
The economics of climate change in Canada | Fraser Forum #4
24 Sep 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, development economics, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, law and economics, Public Choice Tags: carbon tax
Utopia, you are standing in it! 
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