Addressing climate change may foster economic recovery

Several Congressional hearings have been held this year on climate science and potential policy actions such as  federal regulation of greenhouse gas emissions. There are those in Congress who argue that regardless of whether or not they are convinced that human activity is leading to changes in the atmosphere, the United States  cannot afford to address it amidst a soaring budget deficit and high unemployment. Given these economic...

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When it comes to economics, diversity is key

A study published this week in Nature compared the U.S. economic downturn with a current ecological issue: a decline in biodiversity. In the study, economist Andrew Haldane of the Bank of England and zoologist Robert May of Oxford University basically described the financial system as having similar weaknesses as a monoculture. That is, if all banks are run equally, they are more susceptible to a uniform crisis; much in the way that a...

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The price tag of climate change

The House Select Committee on Energy Independence and Global Warming met one last time December 1, 2010 for a hearing entitled, “Not Going Away: America’s Energy Security, Jobs and Climate Challenges.” Committee Chairman Edward Markey described it as a “fitting title for issues that will be central to the health and survival of our planet and our economy for decades and centuries to follow.” The final hearing of the Committee, formed under the direction of House Speaker Nancy Pelosi in early 2007, consisted of testimony both familiar and unique to the ongoing debate over the direction of climate policy.

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The economics of Waxman-Markey

An insightful (if decidedly partisan) op-ed by Paul Krugman in Friday’s New York Times focuses on the Waxman-Markey climate change bill that was approved in the House but has stalled – due in no small part due to the debate over health care reform – in the Senate. Krugman points out that there are two kinds of people opposed to climate change legislation: those dwindling numbers who don’t believe climate change...

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Policy News Update

There’s been a lot of buzz in Washington these past few weeks, and a good deal of it is about science. Here are highlights from today’s issue of the ESA Policy News Update, written by ESA’s Policy Analyst, Piper Corp. Science in the Economic Stimulus Bill. An $825 billion economic stimulus package, the American Recovery and Reinvestment Bill of 2009, is set to go to vote in the U.S. House of Representatives next week. House...

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