Law Commons^™

Voter Psychology And The Carbon Tax, Gary M. Lucas Jr

Faculty Scholarship

Economists across the political spectrum argue that a carbon tax is the most effective and economically efficient policy for addressing climate change. Voters, however, strongly oppose the carbon tax and instead favor “green” subsidies and command-and-control regulations. If carefully designed, these policies might complement a carbon tax, but by themselves, they will make global warming mitigation incredibly expensive and perhaps even infeasible. Moreover, if poorly designed, subsidies and regulations can be counterproductive.

This Article argues that the public dislikes the carbon tax because the tax possesses attributes that make it psychologically unappealing relative to other climate policy instruments. The Article …

The Deepwater Horizon Oil Spill: A Review Of The Historic Civil And Criminal Liabilities, And Resulting Funding Streams, From America’S Worst Environmental Catastrophe, Stephen L. Tatum, Henrik Strand

Student Scholarship

This article provides a concise review of the major parties involved in the accident, the cases and settlements that produced the historic penalties and fines, and the major funding streams through which those penalties and fines are administered.

Behavioral Public Choice And The Carbon Tax, Gary M. Lucas Jr

Faculty Scholarship

In response to the historic Paris Agreement on climate change and to the Environmental Protection Agency’s recently finalized Clean Power Plan, economists and other climate policy experts have renewed the call for the United States to adopt a carbon tax. Opposition among the public presents a major obstacle. While a majority of the public supports government action on climate change, most people favor the use of “green” subsidies and command-and-control regulations—a fact that frustrates economists of all political stripes who contend that a carbon tax would be much cheaper and more effective. This Article argues that a cognitive bias known …

Constitutional Challenges And Regulatory Opportunities For State Climate Policy Innovation, Felix Mormann

Faculty Scholarship

This Article explores constitutional limits and regulatory openings for innovative state policies to mitigate climate change by promoting climate-friendly, renewable energy. In the absence of a comprehensive federal policy approach to climate change and clean energy, more and more states are stepping in to fill the policy void. Already, nearly thirty states have adopted renewable portfolio standards that create markets for solar, wind, and other clean electricity. To help populate these markets, a few pioneering states have recently started using feed-in tariffs that offer eligible generators above-market rates for their clean, renewable power.

But renewable portfolio standards, feed-in tariffs, and …

Making Existing Homes Greener, James Charles Smith

Texas A&M Journal of Property Law

During the past two decades, a “green building movement” has emerged, at first concentrating on the “greening” of government and commercial building. More recently, the focus has turned to the greening of residential buildings. “Green homes” are increasingly popular in the United States and throughout the world. They consume less energy; reduce environmental impacts; and conserve land, water, and other natural resources. Now, thousands of homebuyers are willing to take into account green environmental considerations when making home purchase decisions. They are motivated economically (the prospect of lower utility bills) and altruistically (doing what is good for the environment).