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Securitizing Environmental Risk and the Keystone XL Pipeline
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Kerry Smith
Published/Copyright:
March 23, 2012
When faced with irreversible decisions with significant uncertainty about the environmental costs of accidents, such as the Keystone XL Pipeline or hydro-fracking for natural gas, policymakers should use an environmental bond to securitize self insurance.
Published Online: 2012-3-23
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Column
- The Cost of Job Loss in the Great Recession: How Bad Has it Been?
- Securitizing Environmental Risk and the Keystone XL Pipeline
- Curbing the Dangers of High-Frequency Trading
- How to Fix the Inefficiency of Global Cap and Trade
- Eiminating Racial Preferences in College Admissions
- Is Xfinity TV Anticompetitive? Let the Courts, not Regulators, Decide
- The Bottle and The Border: What Can America's Failed Experiment With Alcohol Prohibition in The 1920s Teach us About The Likely Effects of Anti-Immigration Legislation Today?
- Grass is Always Greener When It's Legal: Policies for State Regulated Marijuana
- A Practical Anti-bubble Prescription
- It's Time to Unify Telecommunications Policy
- Comparing OECD and IMF Approaches to Economic Surveillance
- Letter
- Comment on Leamer: Do Nominal Shocks Still Matter?
