Kyle Meng

There's some misguided messaging out there in California trying to take advantage of high gas prices from the Iran bombings and CARB's cap-and-invest rule making. Some are using this moment of high gas prices to delay CARB's cap-and-invest rule making. 1/

Furthermore, California's gasoline prices are rising similarly to that of other U.S. regions, as shown in the plot below. This counters arguments that California's policies such as cap-and-invest are worsening the gas price impact of the Iran bombings. 3/

There's some misguided messaging out there in California trying to take advantage of high gas prices from the Iran bombings and CARB's cap-and-invest rule making. Some are using this moment of high gas prices to delay CARB's cap-and-invest rule making. 1/

In our geopolitical turmoil, here’s an example where trade can constructively advance U.S. & global interests. Last month, Congress introduced the Clean Competition Act to further decarbonization & maintain U.S. competitiveness. Today, we at @emlab.ucsb.edu release modeling of CCA impacts. 1/

Our results also suggest that sequencing a carbon tariff first before a domestic performance fee may be ineffective. Once a carbon tariff is adopted, a domestic fee lowers output relative to the tariff, making the domestic fee less attractive. This amounts to granting the carrot before the stick. 7/

In our geopolitical turmoil, here’s an example where trade can constructively advance U.S. & global interests. Last month, Congress introduced the Clean Competition Act to further decarbonization & maintain U.S. competitiveness. Today, we at @emlab.ucsb.edu release modeling of CCA impacts. 1/

RESULT 2: If CCA were implemented as a carbon tariff without a domestic performance fee, U.S. GHG emissions rise and emissions abroad fall. Without a domestic performance fee, CCA cut global GHGs by two-thirds as much, raise one-third the revenue, and deliver smaller U.S. GDP & welfare gains. 5/

In our geopolitical turmoil, here’s an example where trade can constructively advance U.S. & global interests. Last month, Congress introduced the Clean Competition Act to further decarbonization & maintain U.S. competitiveness. Today, we at @emlab.ucsb.edu release modeling of CCA impacts. 1/

Greg Casey (Williams), Ivan Rudik (Cornell) and I use a general-equilibrium global trade model custom-built for climate and trade policies to analyze CCA’s U.S. and global economic and climate impacts. Here are key results. 3/

In our geopolitical turmoil, here’s an example where trade can constructively advance U.S. & global interests. Last month, Congress introduced the Clean Competition Act to further decarbonization & maintain U.S. competitiveness. Today, we at @emlab.ucsb.edu release modeling of CCA impacts. 1/

Human health benefits are by far the largest benefit from most environmental regulations. By not monetizing these benefits moving forward, the Trump EPA is essentially saying there are no human health benefits to reducing air/toxic/climate pollution, improving drinking water quality, etc. 1/

This runs counter to how cost-benefit analyses have been conducted by the U.S. government for decades, across both Republican and Democratic administrations. 2/

Sen. Whitehouse, Rep. DelBene, & co-sponsors just introduced a revamped Clean Competition Act (CCA). CCA is the most ambitious & meticulously crafted climate policy from this Congress. It lays a marker for what US policy looks like in this era of geopolitical competition. 1/ #climatesky #energysky

My team at @emlab.ucsb.edu has been building a state-of-the-art global computable general equilibrium (CGE) trade model to evaluate the economic and climate implications—both for the U.S. and globally—of paired domestic and trade climate policies like CCA. 8/

Sen. Whitehouse, Rep. DelBene, & co-sponsors just introduced a revamped Clean Competition Act (CCA). CCA is the most ambitious & meticulously crafted climate policy from this Congress. It lays a marker for what US policy looks like in this era of geopolitical competition. 1/ #climatesky #energysky

Pillar #3: Domestic decarbonization investments CCA returns revenue from the domestic performance fee & carbon import tariffs through grants, loans, & rebates to accelerate US industrial decarbonization. In this era of budget deficits, CCA provides climate spending in a budget-neutral package. 6/

Sen. Whitehouse, Rep. DelBene, & co-sponsors just introduced a revamped Clean Competition Act (CCA). CCA is the most ambitious & meticulously crafted climate policy from this Congress. It lays a marker for what US policy looks like in this era of geopolitical competition. 1/ #climatesky #energysky

Pillar #2: Carbon import tariff with climate club provisions US decarbonization is of little use if the rest of the world doesn’t also act. To level playing field, CCA imposes a carbon tariff on imports from countries that are dirtier on average than the U.S., at the same $60/ton CO2e rate. 4/

Sen. Whitehouse, Rep. DelBene, & co-sponsors just introduced a revamped Clean Competition Act (CCA). CCA is the most ambitious & meticulously crafted climate policy from this Congress. It lays a marker for what US policy looks like in this era of geopolitical competition. 1/ #climatesky #energysky

Manufacturing is where climate policy meets global competition. In some sectors, US is among cleanest (eg metals). In others US is falling behind (eg EVs, renewables). CCA aims for US industries to be globally competitive while achieving GHG cuts at home and abroad through 3 pillars. 2/

Our PhD job market candidates continues UCSB’s proud tradition in environmental and resource economics. Here are our students on the market this year (in alphabetical order). #econsky

Jimena Rico-Straffon JMP: "Impacts of Water Shortages on Labor Supply: Evidence from Mexico City" Website: jimenaricostraffon.com

Our PhD job market candidates continues UCSB’s proud tradition in environmental and resource economics. Here are our students on the market this year (in alphabetical order). #econsky

Minwoo Hyun JMP: “Trapped or Transferred: Worker Mobility and Labor Market Power in the Energy Transition” Website: minwoo-hyun.github.io

Our PhD job market candidates continues UCSB’s proud tradition in environmental and resource economics. Here are our students on the market this year (in alphabetical order). #econsky

Yang Gao JMP: "Beyond Emissions: The Implications of Capital Misallocation on Optimal Carbon Tax" Website: yanggaolamb.github.io

Our PhD job market candidates continues UCSB’s proud tradition in environmental and resource economics. Here are our students on the market this year (in alphabetical order). #econsky