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PERC Reports

The magazine of Free Market environmentalism

Volume 23, No. 3, Fall 2005

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IN THIS ISSUE

Carpet Scrap Power

Although the idea has been around for a long while, carpet manufacturers in Dalton, Georgia, the “Carpet Capital of the World,” think they have finally got it right this time. For years, the industry has sought a way to power its carpet and rug factories with the wasted rejects, overruns, and scraps that are anContinue reading "Carpet Scrap Power"

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Capturing the Wealth of Nature

  To economists and policy makers, the term “New West” describes a region that is experiencing increasing demand for amenities from natural resources—demand for more open space, scenic beauty, and relatively untouched landscapes.1 The “Old West,” in contrast, was based on demand for commodities such as timber, agriculture, and minerals. The Old West is illustratedContinue reading "Carpet Scrap Power"

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Quantifying the Wealth of Nature

To many, the terms ecosystem services and ecosystem valuation sound obscure and complex. But for a growing number of economists, government officials, and financiers, quantifying the benefits of clear-running streams, standing forests, and other natural processes is an idea whose time has come. The Economist (2005) recently devoted a cover story to the challenges ofContinue reading "Carpet Scrap Power"

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Distorting the Wealth of Nature

By Thomas Tanton There are too many forms of subsidies and favoritism to determine accurately which energy sources get the best treatment. But those who argue that their technology should receive more in order to compensate for another technology’s subsidies are being disingenuous. When Congress debates energy policy every few years, long-simmering battles over subsidiesContinue reading "Distorting the Wealth of Nature"

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