New year: good news

Given the low political chances of any effective climate change reform coming out of Congress in the next few years, I was pleased (and surprised) to see this projection from the US Department of Energy:
...the level of carbon dioxide emissions in the United States will remain below the rate of 2005 for the next 15 years even if no new restrictions are imposed.
That's stunning. And gives us hope that ordinary supply and demand might do at least part of what politicians can't seem to: reducing demand by increasing the price of carbon.


Popular posts from this blog

Introducing System 3: How we use our imagination to make choices

What is cognitive economics?

What people want, cognitive goods, models of persuasion and why we avoid important information: the cognitive economics session at the AEA conference