This week's IGM Economic Experts Panel statements:
A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
Keyword: energy
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This week's IGM European Economic Experts Panel statements:
A) Subsidizing renewable energy sources is better than taxing fossil fuels, assuming the subsidy or tax would be set at levels that would reduce carbon emissions by an equivalent amount.
B) Germany’s solar-energy subsidies to date have produced net social benefits for Germany.
C) Solar-energy subsidies to date in Germany and other countries have produced net social benefits for the world.
This week's IGM Economic Experts Panel statement:
Large movements in monthly oil prices, either up or down, are driven primarily by speculators, as opposed to changes in the current (and planned) supply or demand for oil.
This week’s IGM Economic Experts Panel statement:
The recent decline in oil prices will promote higher real GDP in the US over the next couple of years.
This week’s IGM Economic Experts Panel statement:
New technology for fracking natural gas, by lowering energy costs in the United States, will make US industrial firms more cost competitive and thus significantly stimulate the growth of US merchandise exports. (The experts panel previously voted on this question on May 23, 2012. Those earlier results can be found here.)
This week’s IGM Economic Experts Panel statement:
Restricting US exports of liquefied natural gas would have adverse effects on the US economy.
This week’s IGM Economic Experts Panel statement:
The Brookings Institution recently described a US carbon tax of $20 per ton, increasing at 4% per year, which would raise an estimated $150 billion per year in federal revenues over the next decade. Given the negative externalities created by carbon dioxide emissions, a federal carbon tax at this rate would involve fewer harmful net distortions to the US economy than a tax increase that generated the same revenue by raising marginal tax rates on labor income across the board.
This week’s IGM Economic Experts Panel statements:
A: Ethanol content requirements and protectionism against imported ethanol (which includes fuel from sugarcane) raise food prices without significantly reducing carbon-dioxide emissions.
B: A direct disincentive to emit carbon-dioxide, for example through a carbon tax or an emissions permit market, is more efficient than requiring the use of corn-based ethanol fuels.
This week’s IGM Economic Experts Panel poll statement:
Changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies.
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