Matt Kahn, who blogs at Environmental and Urban Economics, provides a fascinating story about the partisan bickering and continuous politicization of climate change in the U.S. Debates over fuel efficiency standards, cap & trade and energy policy more generally, have required lots of time and effort and have ultimately impeded progress on policy formulation. It is hard to find consensus or unity on these issues unless there is a "salient shock" to the nation (BP oil spill in the Gulf of Mexico, anyone?). Won't these environmental policies/programs cost a lot of money? Perhaps not as much as you think, at least in the long-term.
Check out Professor Kahn's post here.
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