Search Results
Use the filters on the left-hand side of this screen to refine the results further by topic or document type.

Reducing Carbon Emissions Through Compensated Moratoria: Ecuador's Yasuni Initiative and Beyond

A proposed alternative for reducing GHG emissions—payiing developing countries to forego fossil fuel exploitation in tropical forests, or "compensated moratoria"—could serve an important role in future climate change regulation. Ecuador's proposal to impose a moratorium on oil exploitation in the Amazon rainforest—the Yasuní-ITT Initiative—illustrates how compensated moratoria could help to improve the shortcomings of prevailing policy mechanisms for mitigating GHG emissions in developing countries.

Valuing the Future: Intergenerational Discounting, Its Problems, and a Modest Proposal

Competing theories exist for how intergenerational investment projects, such as investments related to global warming, natural resources, energy, etc., should be undertaken. In particular, there are two popular prescriptions: (1) In making intergenerational investments, policymakers should use a zero discount rate; and (2) In making intergenerational investments, policymakers should use the market rate. Neither of these prescriptions is correct. Indeed, using present-value discounting at all is extremely problematic.

Consistency Conflicts and Federalism Choice: Marine Spatial Planning Beyond the States' Territorial Seas

Offshore areas are under pressure to industrialize for renewable energy. To plan for offshore wind development, Rhode Island engaged in a marine spatial planning process that resulted in the Ocean Special Area Management Plan (O-SAMP), a regulatory invention of the Coastal Zone Management Act. Notably, the Rhode Island O-SAMP maps and plans for uses in federal waters beyond the three-mile line dividing state and fedeal jurisdiction, as well as within the state's territorial sea, posing a challenge to the boundaries of offshore federalism.

Nuts and Bolts of Marcellus Shale Drilling and Hydraulic Fracturing

Abundant, inexpensive, and lower in emissions than traditional coal power sources, natural gas is expected to play an enormous role in our energy future. Although the drilling technique of hydraulic fracturing or "fracking" has made it possible to extract natural gas from "plays," such as the Marcellus Shale Play, some members of the public have become increasingly concerned about problems alleged to be associated with fracking and drilling, such as groundwater contamination and air pollution.