Judge a carbon market by its cap, not its prices
The goal of emissions trading systems is to make them scarce, not to make them costly.

Essays, op-eds, opinion essays, and other writings in publications like the FT, NYT, WaPo, New York Magazine, Salon, OPEC Fund Magazine(!), and many others.
The goal of emissions trading systems is to make them scarce, not to make them costly.
Green accounting is honest accounting
by Gernot Wagner and Martin L. Weitzman
The climate problem, twice over: Seven billion "free riders," meet the "free drivers" of geoengineering.
You can bail out AIG, Greece, or even the United States. You can’t bail out the planet.
Distorted markets are the real problem
Overall, the benefits of the 1970 Clean Air Act exceed costs by a factor of 30 to 1.
Don’t stop recycling. Don’t stop buying local. But add mastering some basic economics to your to-do list.
Warum sollte die AUA nicht Züge von Linz nach Wien Schwechat anbieten?
by Gernot Wagner & Siripanth Nippita