Pattern of winners and losers explains US policy on fuel subsidies
Friday, September 11, 2015 - 05:20
in Physics & Chemistry
The politics of climate change are often depicted as a simple battle, between environmentalists and particular industries, over government policy. That's not wrong, but it's only a rough sketch of the matter. Now a paper co-authored by MIT economist Christopher Knittel fills in some important details of the picture, revealing an essential mechanism that underlies the politics of the climate battle.