Michael WaraLaw Professor and Faculty Affiliate
Dr. Michael Wara testified before the House Agriculture Subcommittee on Conservation, Credit, Energy, and ResearchPESD in the news
On December 3rd, Dr. Michael Wara testified before the House Agriculture Subcommittee on Conservation, Credit, Energy, and Research about carbon offsets. Dr. Wara along with the U.S. Department of Agriculture's Chief Economist, the Congressional Budget Office's Assistant Director for Microeconomics Studies, and a panel of professors with expertise in agricultural and environmental economics, participated in the Committee's continued review on the costs and benefits of agriculture offsets.
- » (Full transcript) House Committee on Agriculture: Witness Opening Statements
- » Stanford Law School Environmental and Energy Insights Blog
Michael Wara speaks at a hearing of the Senate Energy and Natural Resources CommitteePESD in the news
While the Treasury Department goes on the offensive against media reports of cap-and-trade costs, Michael Wara testified in a Senate hearing that the House climate bill would more than pay for itself.
"Cash for clunkers" not cost effective for carbon dioxide emissions reductionPESD in the news: New York Times on August 14, 2009
PESD affiliated faculty Michael Wara's assessment of the popular "cash for clunkers" program is cited in The New York Times. While the government's cash payments for replacing old cars with more fuel efficient new ones may have value as an economic stimulus, Wara calculates that they are an expensive way to fight climate change, at an estimated $200-400 per ton of avoided carbon dioxide emissions.
PESD in the news: Green Inc., New York Times on May 8, 2009
Wara, a PESD faculty fellow, reckons that the offset market will have increased E.U. emissions in 2008. Read more »
PESD in the news: Discover Magazine on December 1, 2008
Michael Wara and David Victor comment on the UN's Clean Development Mechanism's inability to prove that off-sets are working to reduce carbon emissions. Read more »