Gernot Wagner

Gernot Wagner is the author of But Will the Planet Notice? How Smart Economics Can Save the World. He serves as an economist at the Environmental Defense Fund and teaches at Columbia. He doesn't eat meat, doesn't drive, and knows full well the futility of his personal choices.

Climate Change

Naomi Klein is half right: Distorted markets are the real problem

Naomi Klein says the free market won't solve climate change. Gernot Wagner argues that markets aren't to blame -- distorted markets are.

If it worked for the chronometer ...

EDF’s video contest will spur creativity and innovation around cap-and-trade

This is a response to Joseph Romm’s post “Happy thoughts and fairy dust.” —– Nothing like some good, old-fashioned back-and-forth to keep bloggers — and blog readers? — engaged. EDF is organizing a video/graphics competition to ask for help in explaining, “What is a carbon cap and how will it cure our oil addiction?” Joe Romm critiqued the competition, calling it “bizarre” to ask others to help us “explain something that isn’t true.” I responded that MIT’s climate model supports us, which prompted another response titled “Happy thoughts and fairy dust: EDF’s and MIT’s magical thinking on carbon caps and oil.” Phew, …

'Bizarre'? No. Tough? Yes

Joseph Romm’s critique of EDF’s contest is misguided

This post was originally published on Environmental Economics. —– Joe Romm’s analysis is mostly spot on — and if a post starts like this, you already know what comes next. This time he responds to a $10,000 contest organized by EDF (yep, my employer) that asks for submissions to help explain: “What is a carbon cap and how will it cure our oil addiction?“ Romm calls it a “bizarre” contest “to explain something that isn’t true,” since “it is all but inconceivable that a carbon cap will solve our oil addiction.” Well, not so fast. A cap alone will not …