Author: scott mccormick

An Inconvenient Comparison: Should Oregon Trust Europe’s Model of CO2 Trading?

Introduction

Carbon trading programs have recently been implemented in Europe, and proposals for other regional schemes have been discussed in other jurisdictions. Carbon trading is grounded in sound theory, yet it is subject to numerous implementation problems. Market-based carbon trading programs, while providing some level of economic efficiency, suffer from a number of disadvantages compared to other carbon-reduction schemes. The European experience to date provides an excellent opportunity to investigate the costs and benefits of climate policy and establish whether or not Oregon should (more…)

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An Inconvenient Comparison: Should Oregon Trust Europe’s Model of CO2 Trading?

Cascade Commentary

Summary

Oregon’s carbon dioxide emissions are already so low that voluntarily participating in a multi-state carbon-trading venture would only be a costly scheme with dubious environmental and economic benefits. (more…)

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Wrong Turn on Biofuels

QuickPoint!

The Portland City Council recently approved an initiative mandating the sale of ethanol-blended gasoline and biodiesel within city limits. However, this plan is unlikely to result in environmental benefits and will impose significant costs on Portland residents and businesses.

The price of ethanol has risen sharply in recent months, pushing the price of (more…)

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