The Clean Air Act requires "New Source Review" -- the installation of specific state-of-the-art pollution control equipment when and only when a new polluting plant is constructed, or a "modification" is undertaken on an existing plant. Shi-Ling Hsu argues that this "grandfathering" policy slows...

Significant business risk derives from the likelihood that the policy and legal environment with respect to climate change will change quickly, imposing costs on greenhouse gas emitters and other businesses with large carbon footprints. Advice on how to manage this kind of risk is written...

Capital, one of two fundamental inputs to production, is critical to economic growth. As such, legal rules and institutions generally seek to create more of it, and also seek to protect existing capital. However, capital is often durable, and during the natural life of capital, information may...

This chapter explores the use of prediction markets to generate, collect, and process information relating to a variety of environmental problems. Prediction markets, artificially constructed markets for contracts for contingent payoffs, have been used to generate projections of future...

Climate policy in the United States always seems to face strong political headwinds. It is not so much that voters dismiss the threat of climate change, or that they believe climate change is a "hoax," but coming up with a fair and effective policy has always seemed so daunting. This Article...