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Inequality, Sunk Costs, and Climate Policy

Written by Frank Ackerman February 27, 2019 Fifth in a series on climate policy. Climate change is at once a common problem that threatens us all, and a source of differential harms based on location and resources. We are all

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Prices Are Not Enough

Written by Frank Ackerman February 23, 2019 Fourth in a series on climate policy. We need a price on carbon emissions. This opinion, virtually unanimous among economists, is also shared by a growing number of advocates and policymakers. But unanimity

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Methane Measurements and Short Attention Spans

Written by Frank Ackerman February 18, 2019 Third in a series of posts on climate policy.  Carbon dioxide (CO2) represents most, but not all, greenhouse gas emissions. In EPA’s Greenhouse Gas Inventory for 2016, CO2 represented 82 percent of gross U.S. GHG emissions,

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Climate Damages: Uncertain but Ominous, or $51 per Ton?

Written by Frank Ackerman February 12, 2019 Second in a series of posts on climate policy. According to scientists, climate damages are deeply uncertain, but could be ominously large (see the previous post). Alternatively, according to the best-known economic calculation, lifetime

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On Buying Insurance, and Ignoring Cost-Benefit Analysis

Written by Frank Ackerman February 8, 2019 First in a series of posts on climate policy.   The damages expected from climate change seem to get worse with each new study. Reports from the IPCC and the U.S. Global Change Research Project, and a

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