New Climate Strategy

Buy the damn coal and keep it in the ground.

bcostin/Flickr

I concluded my last post with a slogan: “Keep the damn coal in the ground.” Lo and behold, along comes a new paper in the Journal of Political Economy that sketches what that strategy might look like: “Buy Coal! A Case for Supply-Side Environmental Policy.” It’s fascinating.

Climate change is an enormous collective action problem. Typically the focus has been on demand-side policies — reducing fossil fuel consumption through taxes or mandates. Any “climate coalition” that adopts this strategy, however, has to worry about free riders that don’t.

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The Climate Desk is a journalistic collaboration dedicated to exploring the impact—human, environmental, economic, political—of a changing climate. The partners are The Atlantic, Center for Investigative Reporting, Grist, The Guardian, Huffington Post, Mother Jones, Slate, and Wired.