It is a paradox of climate economics: How can we know that a few degrees of global warming will be very bad for us, when we do not know how to measure how bad it will be? Our friend and environmental economist, Dr. Frank Ackerman, explores this topic in this week's blog post.
Last September Energy Secretary Rick Perry proposed new regulations that would have forced ratepayers to pay more to prop up the fading coal industry. FERC released its decision on NOPR last week and unanimously rejected Perry's proposal! Read on to learn more about FERC's decision to say no and why coal isn't the answer.