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online.wsj.com - 5/23/2009
David Wessel on Obama and the Waxman-Markey Climate Bill
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Orszag on the Bill White House budget director Peter Orszag, House Budget Committee, March 3, 2009: QUESTION: [L]et me turn to the issue you were just discussing about global warming, because I believe that the vote that we will take on this budget resolution will be the first major test of our ...
belfercenter.ksg.harvard.edu - 5/28/2009
The Wonderful Politics of Cap-and-Trade: A Closer Look at Waxman-Markey
— belfercenter.ksg.harvard.edu — The headline of this post is not meant to be ironic. Despite all the hand-wringing in the... press and the blogosphere about a political “give-away” of allowances for the cap-and-trade system in the Waxman-Markey bill voted out of ... (more) The Wonderful Politics of Cap-and-Trade: A Closer Look ...
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Greg Mankiw's Blog:  Then and Now

Scrivener.net

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Then and Now
Greg Mankiw's Blog — From a Obama-Biden campaign position paper: Barack Obama and Joe Biden’s cap-and-trade system will require all pollution credits to be auctioned. A 100 percent auction ensures that all large corporate polluters pay for every ton of emissions they release, rather than giving these emission rights away for free to coal and oil companies.From today's newspaper: Under the House bill, only 15% of the emission permits will be auctioned initially. The rest of the permits will be given away -- 2% to ...

Scrivener.net — ... Obama's budget director, Peter Orszag, until recently the head of the Congressional Budget Office, explains what "gaming the system" means... ...

Landsburg versus Mankiw on cap-and-trade: CBO provides the answer
Scrivener.net — ... "In particular, all of the evidence suggests that what would occur is the corporate profits would increase by approximately the value of the permits. So that -- whatever that is, $600 billion, $800 billion, whatever the value is, would go in a sense almost directly into corporate profits... [WSJ] ...

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