Suchergebnisse

Conversations about energy law and policy are paramount, undergoing new scrutiny and characterizations. Energy Follies: Missteps, Fiascos, and Successes of America's Energy Policy explores how a century of energy policies, rather than solving our energy problems, often made them worse; how Congress and other federal agencies grappled with remedying seemingly myopic past decisions. Sam Kalen and Robert R. Nordhaus investigate how misguided or naïve energy policy decisions caused or contributed to past energy crises, and how it took years to unwind their effects. This work recounts the decades-long struggles to move to market supply and pricing policies for oil and natural gas in order to make competition work in the electric power industry and to tame emissions from the coal fleet left to us by the 1970s coal policies. These historic policies continue to present struggles, and this book reflects on how future challenges ought to learn from our past mistakes

With the United States accounting for over one-fifth of global emissions of greenhouse gases, the U.S. government is facing pressures—from both domestic and international sources—to establish a comprehensive mandatory reduction program to address the risk of global climate change. If Congress decides to move forward with such a program,it could be creating an environmental regulatory regime of unprecedented scope and impact. Many policymakers are considering innovative market-based approaches to regulation, including a multibilliondollar economy-wide "cap-and-trade" program. The authors evaluate four models for a domestic program against a set of several criteria, including environmental effectiveness, cost, administrative feasibility, distributional equity, and political acceptability.