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UMass Economics

Boyce: Graham-Kerry’s sector-specific approach to carbon limits is less efficient

James K. Boyce, UMass Amherst Economics Professor

James K. Boyce, UMass Amherst economics professor, is quoted in an article that analyzes the climate bill being drafted by U.S. Sens. John Kerry (D-Mass.) and Lindsey Graham (R-S.C.).  According to Boyce, this bill, which would apply different types of carbon limits to different sectors of the industry, is not as efficient.  “You want to treat all carbon molecules the same, not distinguish between, say, carbon coming from a coal plant and carbon coming from gasoline,” says Boyce. “If you favor one, you’re doing that to please your lobbyists, but there’s an efficiency cost in doing so. And that efficiency cost gets passed along to the American public.” (Solve Climate, 3/15/2010)

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