Harry Clarke

Gregory Mankiw argues that President Obama should refuse to sign any version of the Waxman-Markey Bill that does not auction off carbon emission permits.  Our own Joshua Gans apparently agrees.  The opposition is based on the notion that if permits are not auctioned that the lump-sum gains received by firms who get the permits will [...]

Malcolm Turnbull’s statement on the proposed ETS has to be partly understood as a political act seeking to encourage anti-science fruitcakes in the Coalition to learn to live with an ETS.  It is mainly seeking to address competitiveness concerns which can be best addressed short-term by emphasising that the tax base is ‘energy consumption’ with [...]