Showing 4 results
Richard Pierce, Jr. | November 11, 2021
Effective climate change mitigation depends critically on the ability to substitute electricity for gasoline as the primary transportation fuel and to substitute carbon-free fuels for fossil fuels as the country’s primary source of electricity. But the nation’s electricity transmission grid is woefully inadequate to accomplish these important tasks, and the U.S. regulatory system renders it impossible for regulators and clean energy advocates to implement the necessary expansion of grid capacity. Most sources of carbon-free electricity are located a long distance away from the places where most people live and work. Studies indicate that the United States can provide carbon-free electricity to major population centers only by adding transmission lines to the grid.
Richard Pierce, Jr. | June 10, 2015
Editor’s Note: This is the second of two posts. Yesterday’s examined the need for a carbon tax as a way to reduce carbon emissions. Real-time pricing of electricity is a logical complement to a carbon tax. Economists are fond of saying: “First, get the price right.” What they mean is, if we can take the […]
Richard Pierce, Jr. | June 9, 2015
Editor’s Note: This is the first of two posts on market-based approaches to reducing carbon emissions. Today’s focuses on a carbon tax; tomorrow’s on real-time pricing of electricity. There is a broad consensus among economists that we will not be able to mitigate climate change efficiently and effectively unless we place a price on carbon. […]
Richard Pierce, Jr. | December 12, 2009