Carbon pricing may be overrated, if history is any indication

A common demand in discussions about climate change is to respect the science. This is appropriate. We should all be paying close attention to the urgent and terrifying conclusions being published by climate scientists.

Tiny price gaps cost investors billions

Imagine standing in the grocery store, looking at a pile of bananas. On your side of the pile, the manager has posted yesterday's newspaper flyer, showing bananas at 62¢ per pound—so that's what you pay at the register. ...

Air France-KLM chief warns carbon taxes could backfire

Air France-KLM chief executive Ben Smith said Friday that imposing carbon taxes on ticket prices could prove counterproductive, hindering efforts by airlines to buy more fuel-efficient planes that could significantly reduce ...

How 'houses as ATMs' feed a recession

For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy humming along. But ...

Germany signs off on flagship climate plan

The German parliament on Friday formally approved a sweeping package of climate policy reforms, in a relief to Chancellor Angela Merkel's government as it faces growing pressure to take environmental action.

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