About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Category Archives: Climate change
How does a competitive industry respond to an emissions tax in the short run and the long run? What if the industry is a monopoly? In this post I bring together two standard pieces of microeconomic analysis: the effect of … Continue reading
The recent launch of a large-scale power station retro-fitted with carbon capture and storage (CCS) is an important step forward in addressing climate change. It is no criticism to add that many issues surrounding CCS remain to be resolved. The … Continue reading
Question: If an effective carbon tax or cap-and-trade policy is in place to limit greenhouse gas emissions, is there any point in having a separate policy to promote renewable energy sources? I have read several times recently that the answer … Continue reading