Earth Day

Yale's Jeff Sonnenfeld and Dan Esty write for Fortune about how America's leadership has largely shifted its thinking about the environment, on this 50th anniversary of what became known as Earth Day. They describe a virtual summit—it would have had a greater carbon footprint if not for COVID-19—in which a series of CEOs "explained how a sharpened environmental focus helped their businesses to cut costs, reduce risks, expand sales, and add value to their bottom line." Fortune
 
Dan Esty has also contributed an Earth Day op-ed for The Hill.

How to rethink environmental policies from “no” to “go”

Public policy can steer incentives for a more effective response to climate change, says Daniel Esty of Yale University

ENVIRONMENTAL POLICIES are often based on thou-shalt-not rules. They signal to the market what is not desired. Though incentives to spur industry to action also exist, they are overshadowed by these “red lights”. Daniel Esty, an environmental lawyer at Yale University, wants to change this.

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Dan Esty’s Challenge to ACOEL: Let’s Do It

[author: Ridgway Hall]

At ACOEL’s meeting in Williamsburg last month Dan Esty challenged us to undertake a multi-year project to transform the legal framework for environmental protection. He argued persuasively that our country has outgrown its tolerance for command and control regulation, and that advances in emissions modeling and risk assessment plus the ready availability of abundant and low cost data now make possible a shift to a market-driven system. This would allow a price to be put on pollution, or “harm”, and eliminate externalities: that is, everyone must either eliminate or pay for his or her pollution.

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