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The problem with economics is that it often uses a language that non-economists do not speak. Take "externalities", for example. Read more
It only took minutes for the ambulance to arrive after my call to 111 from the kitchen floor, the pain cutting through me like a cracked whip. I was in trouble. Read more
Emissions pricing and congestion pricing have a lot in common. The economics of both are straightforward. Read more
The biggest risk to New Zealand’s Emissions Trading Scheme isn’t technical issues in how the scheme is run or in its accounting. The biggest risk instead is politics. Read more
Clean air is certainly the flavour of the month in Europe judging from the skyrocketing price of carbon. Since April last year, emissions units on the EU’s Emissions Trading Scheme (“ETS”) have nearly quadrupled from €15 to above €56 (NZ$95) this week. Read more
What is it about climate change that turns august institutions into the intellectual equals of quivering jellyfish? Last week, Germany's highest court upheld a constitutional complaint against the Federal Government on climate change. Read more
It is easy to dismiss critics of the Climate Change Commission’s plan to reduce emissions as opposed to any action at all. Too easy. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more
It is hard to know where to begin, there is so much wrong with the Government’s housing package presented on Tuesday. I leave it to my colleague David Law to explain why the measures introduced will hurt housing affordability and supply. Read more
As New Zealand discusses the recommendations of the Climate Change Commission, I get a sense of déjà vu. We are now talking about industry-specific regulations, bans on certain technologies (such as petrol and diesel cars) and subsidies for others (such as electric vehicles). Read more