Terry Anderson & Gary Libecap | All Articles

Terry Anderson & Gary Libecap
Terry Anderson & Gary Libecap
Hoover Institution
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      Terry Anderson & Gary Libecap

      Terry Anderson is a senior fellow at the Hoover Institution and the executive director of the Property and Environment Research Center. Gary Libecap is a senior fellow at the Hoover Institution and a professor at the University of California, Santa Barbara.

Cap and take

The debate over global warming is alive and well, but the European Trading Scheme (ETS), Europe's carbon market, has been declared “dead.” With the price of European carbon allowances plummeting, Johannes Teyssen, CEO of Germany’s E.ON, says, “I don’t know a single person in the world that would invest a dime based on ETS signals.”