Health Care Accounts For Eight Percent Of US Carbon Footprint, Calculation Finds Nov 14, 2009
"But given the focus on health care policy and environmental policy, it might be interesting -- if not wise -- to start accounting for environmental externalities in health care.". "The question is, are there large opportunities to improve efficiency in health care that can also have an impact on the environment?" said study co-author David Meltzer, MD, PhD, Chief of the Section of Hospital Medicine, Associate Professor in the Department of Medicine, the Harris School of Public Policy and the... (Science Daily)
Henry's tax plan mustn't ignore environment Nov 2, 2009
Those are, believe it or not, quite uncontroversial statements, references to what economists term ''market failure'' and ''externalities. The challenge facing governments is to restructure tax systems by systematically incorporating indirect costs [the aforementioned negative externalities] as a tax to make sure the price of products reflects their full costs to society and by offsetting this with a reduction in income taxes,'' Brown says. (Sydney Morning Herald -- Business)
Pure (Green) Market Economics Oct 20, 2009
They also find the financial market does not price in the cost of climate change and a price on carbon will have to be established to create a truly efficient market able to recognise the true costs of doing business (this is the long accepted practice of recognising externalities in a market). There are many other measures to tackle climate change and price carbon than a market - including a carbon tax to massive Government investment in renewable technology. (Sydney Morning Herald -- Opinion)
Comment on this article Oct 7, 2009
These debates have become harsher as costs are de facto legally assigned to the negative "externalities" of different fuels' utilization, thus modifying the economic comparison among them. The pot is further stirred by the creation of trading markets for these externalities, markets designed to satisfy newly-created legislative policy goals ... The confluence of these trends since Woodstock--the focus from a project finance perspective on legislatively based market measures for the... (Energy Pulse, CO)
The Evolution of Asia Oct 3, 2009
And his concerns over sustainability were specifically aimed at pollution and environmental degradation unmistakably negative externalities of China's fixation on open-ended, manufacturing-led economic growth. To the extent that the Chinese experience is a microcosm of the broader Asian development model, Wen's "four uns" are very much a blueprint of what it will take to realize the aspirations of the Asian Century. (Time.com)
May the GDP R.I.P. Oct 2, 2009
The index has long frustrated policy makers because it doesn t account for so-called externalities - negative ones like pollution, which often accompanies rapid growth; or positive ones like education or leisure time. It doesn t consider the effects of income inequality, just income growth or decline. (Boston Globe)
Mr. Paulson goes to Washington Sep 3, 2009
That, of course, is the point of that enviro-wacko strategy to get a cap-and-trade or carbon-tax system in place that ensures that the price of burning fossil fuels reflects the negative environmental externalities imposed on the planet. Getting the prices right. (Salon)
Caltex sees tough second half Aug 28, 2009
Caltex said it expected the second half to be challenging as the favourable key externalities that were seen in the first half were unlikely to be repeated in the second half. It said a higher Australian dollar and higher crude oil prices would moderate its refiner margin. (Sydney Morning Herald -- Business)
A National Conversation About Unconventional Ideas For Development Aug 22, 2009
Not only will these centers open up opportunities for our youth to learn trades to be self-reliant instead of looking up to the government's sector for jobs, but also they can have other unintended positive externalities on the development of the localities where they are set up. Let us charge all District Chief Executives to come up with their plans for technology centers for their districts. (Ghana Web, Ghana)
Renewable Energies Will Benefit US Workers' Health, Expert Predicts Aug 20, 2009
Externalities of energy production include a whole host of problems from damage to the general environment to adverse effects on human health caused by pollution to injury and death among workers in the energy sector ... The researchers reviewed the occupational cost of energy production in the traditional and new energies and noted that while fossil fuel energies have historically been priced lower than renewable energies, the additional hidden costs, or externalities of energy, especially... (Science Daily)
Tax exemptions cost govt Rs 4.2 lakh cr in '08-09 Aug 17, 2009
The proposed tax code, which is likely to replace the existing Income Tax Act once passed by Parliament, says all business tax expenditure, other than for activities which create externalities, will be withdrawn. However, the new tax code proposes that non-profit organisations like scientific research associations, news agencies, professional associations, welfare funds, education and medical institutions, religious trusts, trade unions, etc. (India Times, India -- Intl Business)
* How can Ma appease the military? Aug 13, 2009
For Lee X whose views on Taiwanese sovereignty took precedence over the partys business interests X cross-strait economic integration had negative externalities, which accounted for his efforts, especially after his re-election in 1996, to proceed with caution and go south X that is, diversify foreign investment destinations to minimize reliance on China. The Ma administration, for its part, appears to be indentured to the business community, and it clearly sees cross-strait economic... (Taipei Times, Taiwan -- Sports)
Good News on Malaria Control [Extended version] Aug 13, 2009
The second is that there are important spillover benefits (or positive externalities ) when a person uses a bed net, because the net not only gives personal protection to the user but also helps to block transmission of the disease within the community. We should therefore encourage very high levels of bed net use, just as we do with immunizations. (Scientific American)
* Congress de-greening Obamas climate policy Aug 12, 2009
The textbook solution for dealing with negative externalities is to use the tax system to align private incentives with social costs and benefits. Suppose the government imposed a tax on carbon-based products and used the proceeds to cut other taxes. (Taipei Times, Taiwan -- Sports)
Did Obama Mess Up Health Care Politics? Aug 7, 2009
The only reason why the Fed Gov't subsidizes education is because the positive externalities (spillovers) associated with an educated population are TREMENDOUS. I can imagine a country where healthcare is only had by 50% of the population; but can you imagine a country where 50% of the people cannot read/write/do math/communicate/think for themselves. This is something you CANNOT put a price on; it needs to be gov't controlled but as we can see, its FAR from perfect. (CBS News)
Fat taxes: Waist banned Aug 4, 2009
In theory governments can make up these costs, or externalities , with a tax that adjusts the prices people pay to puff, booze or punt ... It is possible to eat a lot of fatty food, exercise frequently and not generate any externalities. (The Economist)
Land 'real issue' in affordable housing Jul 29, 2009
Given the externalities of the housing sector and the shortage of affordable housing, these sops have merit. However, as argued by us repeatedly, affordable housing needs a holistic approach which requires the government to address all the crucial elements cost of land, access to transport and cheaper finance. (India Times)
Boards role in managing systemic risk Jul 24, 2009
It must recognise that systemic risk may be created by the externalities of the company ... Boards must recognise that systemic risk may be created by the externalities of the company. (The Star Online, Malaysia -- Business)
Transcript of a Media Conference Call on Proposed SDR Allocation Jul 22, 2009
When there are what we economists call network externalities like that, the system itself leads toward having a dominant currency, so that it would take a number of steps to move away from that and for any one currency to emerge as an alternative would typically take either some very dramatic event like a world war which was essentially the last time the international monetary system was radically overhauled or change tends to happen over a fairly long period of time. QUESTIONER: Are there... (IMF News)
Achieving Our Millemium Goal. Jul 20, 2009
The country as a result is not benefiting from investments in the mining sector due to gross disregard for externalities and other social costs. Efforts should therefore be made by this and future governments to retrieve the information for the subsequent aggregation and or reconciliation. (Ghana Web, Ghana)
Be wary of green thinking Jul 19, 2009
password wrote on Jul 18, 2009 11:02 PM:" blondie, good observation. The hundreds of economists who have made careers out of developing theoretical frameworks and empirical methods involving the study of externalities, non-market values of resources of the natural environment, and collective goods would be very surprised to learn from pwb that what they were involved in was not economics.Makes one wonder if pwb has ever had course work in economics or read anything in the economics literature.... (Logan Herald Journal, UT)
Author subsidies may not be worth reading about Jul 17, 2009
"This suggests that significant additional support may not be warranted, at least insofar as the objective is to cater for cultural externalities (as distinct from assisting local publishing or printing activities)," the commission wrote. As they stand, copyright rules on books give Australian publishers 30 days to release a local version of a book by an Australian or international author. (Sydney Morning Herald -- Entertainment)
Your sayUndercover: Productivity Commission recommends end to territorial copyright Jul 15, 2009
The Sydney Morning Herald Blogs: Entertainment. Welcome to Sydney Morning Herald Online. (Sydney Morning Herald -- Entertainment)
Analyst: Solar approaching grid parity in U.S. Jul 14, 2009
"The economics need to get closer so that the externalities can come into play," Mehta said. "They won't come into play if the economics aren't close enough.". (EETimes)
Akwaaba, President Obama: But what will he say to Ghanaians? Jul 10, 2009
Mining firms continue to pay one of the lowest royalty rates in the world: 3% of profits; with very little going to the mining communities who have to deal with huge negative externalities of mining activities frequent cyanide spillage into water bodies; lost of farmlands with little, or no, alternatives, etc. Interestingly, a decent portion of the royalty is given to local chiefs and their traditional councils to maintain the dignity of their stools. (Ghana Web, Ghana)
Cap-and-trade’s a lot of hot air Jul 7, 2009
However, any economist will tell you that a free markets weakness is externalities and pollution is the worst of externalities. When a company pollutes it is a cost that everyone bears except the company that pollutes. (Atlanta Journal-Constitution -- Opinion)
Public Service Company of Colorado Advocates a Resource Selection Process that Places Ratepayers at Risk by Favoring Fossil-Fuel Resources Over Renewables Jun 25, 2009
cost of externalities including CO2. Unrealistic Fuel Cost Escalation Rates. (Energy Pulse, CO)
Guest column: Expect rising costs for waste disposal Jun 25, 2009
Phil Erde wrote on Jun 23, 2009 3:26 PM:" Hey Charlie ~Too bad that you are only looking at costs so narrowly. Not only don't you look at the cost of cleaning up the landfills some day in the future (as a former solid waste engineer, I recognize that all things built by people have a limited life), but, worse, you ignore all the externalities of the cost of handling solid waste and all the external benefits of recycling.As pointed out in the report of the Governor's task force on waste materials... (Forest Republican, WI)
Global warming debate pits science against politics (4) Jun 22, 2009
While were parsing the scientific and political perceptions regarding global warming, we should also go ahead and apply that nuance to our distinctions between actual pollutants with real externalities versus ideologically fabricated pollutants. The former can be reduced through straightforward regulation to realize a tangible, beneficial outcome (i. (Boerne Star, TX)
EDIT: A Fine Balance Jun 1, 2009
A fair part of the manufacturing sector's poor showing is, however, driven by externalities. India's exports have dipped thanks to slumped global demand. (India Times, India)
Can We Reverse Global Climate Change? Part II May 29, 2009
Conventional wisdom of the kind still adhered to by mainstream Western economic thinking maintains that technology, trade and smart financial tools, combined with a better pricing of externalities, will somehow both end poverty and save the world. But anyone who thinks that technology will solve such problems is utterly deluded. (YaleGlobal Online Magazine, CT)
Green.view: Growing on trees May 19, 2009
Such environmental services are often termed externalities because they are not included in the price of the forest. When forests are traded in a traditional way, their price usually depends only on the value of the timber and the land on which it grows. (The Economist)
Modern economics overlooks animal spirits and psychology May 17, 2009
Ethical scruples, a moral code of conduct, restraints and beliefs are considered externalities, inconveniences, interferences. The life that cannot fit neatly into the paradigm has to undergo a process of adaptation that makes it compatible with economic principles. (Xinhuanet, China)
Megan McArdle May 9, 2009
I find it hard to see that much value (obviously houses have an intrinsic value, but I don't see added value like the network externalities we saw created in the three earlier booms). zic. (Slate)
Spark of life May 8, 2009
Economists call these externalities: things which we can take for granted and need not be ascribed a value. The economists are wrong. (BBC News -- Science)
The Threatmonger's Handbook May 5, 2009
Leaders or citizens may object if they think such a policy might entail real costs or require genuine tradeoffs, so skilled threatmongers often argue that increased military spending will be cost-free (for example, by claiming it will and create jobs), or by suggesting that military action in one arena will produce lots of positive externalities elsewhere (see Rule #2). At the same time, they will downplay the possibility that military action lead to a costly quagmire or make it impossible to... (Slate)
Your say Rebel without a cause Apr 15, 2009
Whether Nick Bolton is a hero or a villain is somewhat judged by his attitude to these externalities. Stacey. (Sydney Morning Herald -- Business)
Hidden costs of fossil-fuel power Mar 27, 2009
"If there is a single message, it's: 'Don't forget the externalities.". The report draws on research and analysis by the European Union to estimate the monetary and environmental costs of coal-fired electricity. (Sydney Morning Herald -- Australia)
* Six cents on a trade agreement with China Mar 19, 2009
Five, dont underestimate the externalities. Forty percent or more of Taiwans exports are destined for China, and Taiwan has already had an asymmetric trade dependency on the Chinese market without any formal trade pact. (Taipei Times, Taiwan -- World)
* The world needs tactics to avert global fresh water shortages Mar 11, 2009
Protecting human and ecosystem health are difficult to price because they form part of the pervasive externalities associated with water use. Nevertheless, many water uses would respond well to more efficient prices. (Taipei Times, Taiwan -- World Business)
Markets alone can't solve all the problems (3) Feb 16, 2009
Externalities of so many types exist that we have seen a proliferation of attempts to control them in consumer product safety, food safety, drug safety and efficacy, workplace health and safety and environmental protection, to name just a few. Naturally, there are some difficulties with attempts to control market failures. (Waterloo Courier, IO)
Buying into 'organic,' 'natural,' 'local' Feb 8, 2009
"Externalities are driving a game change now," said Jack Robinson, manager of the Winslow Green Growth Fund. "Transportation, fertilizer and pesticide costs are getting so high that small-scale farming is really able to compete. Local, natural products are soon going to be at least as cheap to grow and to transport.". (International Herald Tribune -- Money Report)
Emissions Trading: A Brief Negative Resume Feb 7, 2009
e. externalities), dishonesty and anything else that prevents a few simple equations from being put on a blackboard for the delight of drowsy teachers and students in some storefront university. Despite a statement in Newsweek that in order to suppress excessive CO2, the United States needs a cap-and-trade system of the kind providing magnificent results in Europe, the sad truth is that the European arrangement is a cynical deception that mainly benefits the brokers and... (Energy Pulse, CO)
