Sam Jonker, Stanford University -- When buying a plane ticket in 2024, most customers are presented with a puzzling option: to “offset” the carbon footprint of their flight for the low cost of around $20. As pressures to decarbonize continue to grow, airlines—and heavy industries alike—have been embracing novel solutions to reduce their carbon footprint. One solution—carbon offsetting—has grown to be a $5.5 billion industry, with shared support from both petroleum companies and environmental activists.
Tag: Energy
BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program
By Aidan Acosta, Middlebury College -- Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution.
Crude Oil Price: An Indicator of Consumer Spending
By Natalie Li and Eva Lin. New York University.
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As the most major source of energy, crude oil has a significant impact on political and economic dynamics around the globe. The price of oil, therefore, directly and indirectly affects our daily lives.
Hydraulic Fracturing Regulation: State-Level Policy Factors and Regulatory Stringency
By John Iselin. Reed College.
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Hydraulic fracturing is a method of oil and natural gas extraction that allows access to new sources of fossil fuels, but raises new and difficult questions of environmental...