Gas prices within the U.S. vary considerably, largely due to poor local gas infrastructure: Boston’s gas prices can be triple New York’s, and Los Angeles’ over 50% higher than San Francisco’s. Should the U.S. spend billions upgrading that infrastructure? Not if money spent on assets that may one day be stranded is money wasted. Andrew Campbell, Executive Director of the Energy Institute at Haas at the University of California, says the best … [Read more...]
Green New Deal can learn from Obama’s $90bn clean energy plan of 2009
The “Green New Deal” proposal is a 10-year plan to curb climate change by shifting the U.S. economy away from fossil fuels. Will it work? Yes (with caveats) if it’s anything like President Obama’s 2009 American Recovery and Reinvestment Act: it invested $90bn to promote clean energy as part of an economic stimulus plan to recover from the bank crash. That's the view of Joseph Aldy, Associate Professor of Public Policy at Harvard Kennedy School, … [Read more...]
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