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Cities Face New Emission Controls Even Without Tighter Ozone Standard

Earlier this month President Obama asked the Environmental Protection Agency to shelve a proposal to tighten the National Ambient Air Quality Standard for ozone this year. The Administration was apparently concerned about the cost a tighter standard would impose, and the EPA is required to consider revising the standard in 2013 anyway. Does this mean metropolitan areasContinue reading “Cities Face New Emission Controls Even Without Tighter Ozone Standard”

Allocating Fishing Rights: Auctions or Grandfathering?

The conventional view is that resource rents arise from the existence of a natural resource and are not related to human entrepreneurship. Thought of in this way, rents created in a fishery following the adoption of individual transferable quotas (ITQs) merely reflect a return on Mother Nature enhanced by removing excesses in fishing effort builtContinue reading “Allocating Fishing Rights: Auctions or Grandfathering?”

Reflections on World Rhino Day

Last year, WWF declared September 22nd as World Rhino Day to raise awareness of the plight of the world’s rhino species, which continue to be seriously threatened by poaching. This year, WWF and the California-based organization, Saving Rhinos LLC, aims to continue that tradition along with various other smaller rhino-oriented organizations. Given that tomorrow is theContinue reading “Reflections on World Rhino Day”

Return on investment

By Reed Watson PERC recently acquired ownership of some valuable real estate in the Florida Keys. To the staff’s disappointment, it was not winter office space. Instead, we adopted a piece of Staghorn coral transplanted by the Coral Restoration Foundation. The property is a gift from the 2011 Enviropreneur Institute Fellows. Restoring Florida’s coral reefsContinue reading “Return on investment”

Something Smells Fishy

Henry Miller points out in “Let Them Drink Dust” that in scientific disputes spawned by the Endangered Species Act the government usually wins. But not always. In litigation that has been playing out in California for the last four years, regulators have been so incompetent and dishonest in the federal (mis)management of the state’s water supplies that the courtsContinue reading “Something Smells Fishy”