Economists on Environmental and Natural Resources: News, Opinion, and Analysis

Visit Environmental Economics

Bizarre ? No. Tough? Yes.

Posted on October 13, 2008

Joe Romm's analysis over at climateprogress.org is mostly spot on -- and if a post starts like this, you already know what comes next. This time he responds to a $10,000 contest organized by EDF (yep, my employer) that asks for submissions to help explain: What is a carbon cap and how will it cure our oil addiction? Romm calls it a bizzare contest to explain something that isn't true, since it is all but inconceivable that a carbon cap will solve our oil addiction. Well, not so fast.A cap alone will not cure all ills, but it goes a long way towards solving the problem. Let's look at the...

Original article link


analysis , carbon , economic , europe , fossil fuels , oil addiction , studies