environmental externalities

Last week, over 80,000 gallons of crude oil spilled from an ExxonMobil pipeline in Arkansas. Twenty-two homes were evacuated and the cost of cleanup will be high. So, who will foot the bill? ExxonMobil? Taxpayers? Unfortunately, the answer looks like it will taxpayers will pay for cleanup for a...
One of the big questions conservationist struggle with is whether or not we should put a price on nature. For some things, there is the more rote calculation on how many cost savings can be realized with cleaner air or water as an argument for stricter pollution control. But, if you think of nature...
In great news this week, Vermont became the first state to legislate the adoption and use of an alternative to GDP called the Vermont Genuine Progress Indicator (GPI). While Vermont isn’t the first state to calculate genuine progress, we’ve highlighted Maryland’s groundbreaking...
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