05 Apr '11, 5pm

Do environmental justice groups have a legitimate beef with California’s cap-and-trade program?

@F James Handley That's categorically false, although the claim is ubiquitous, even amongst lots of econmics types. A tax discourages pollution release, but does not encourage pollution reduction. Too much economic theory around pollution regulation assumes that the one is the inverse of the other, but it's never the case in a market as highly regulated as energy. Simply ask yourself how a tax on carbon gives an inducement to install a solar panel. Is it because the cost of grid electricity suddenly rises in response to the carbon tax on the embedded fuel? If that's true, then polluters were implicitly able to pass all their costs of compliance along to their customers and polluter shareholders have seen no economic disadvantage from pollution. Is it instead because polluters suddenly find their return on equity higher if they invest in low-carbon generators? If that's the...

Full article: http://www.grist.org/climate-policy/2011-04-05-environmen...

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Environmental groups to be penalized for winnin...

grist.org 04 Apr '11, 5pm

Two GOP-sponsored bills introduced last week would impose a penalty on environmental groups that sue the government under ...

Q&A on California’s Proposed “Flexible Purpose Corporation”

Q&A on California’s Proposed “Flexible Purpose ...

triplepundit.com 07 Apr '11, 9am

We are trying to make it easier for companies to include social and environmental goals in their business plans. This legi...