KeithHennessey.com

I wrote last Friday about the China/India hole in the American climate strategy: America appears to lack a high-probability strategy for how to get China, India, and Russia to agree to self-impose a significant positive carbon price. The Administration and its Congressional allies are trying to impose a significant carbon price in the U.S. through [...]

The House Energy and Commerce Committee marked up the Waxman-Markey cap-and-trade climate change bill this week.  Much of the discussion focused on the domestic impacts of the legislation, and how the policy design would affect various American constituencies.  I would like to zoom out and think about how a policy like Waxman-Markey fits into a [...]

(Editorial note:  I was doing so well moving to shorter posts.  I fail miserably in achieving that goal here.  I went the comprehensive route instead.  I promise to return to shorter posts in the future.  Buckle up – this is a long ride.  I hope you find it’s worth it.) (Update:  There’s an important correction [...]

About Keith Hennessey About this blog About the National Economic Council About my work in the White House Photo credits Technical credits About Keith Hennessey I served as the senior White House economic advisor to President George W. Bush.  My job was to coordinate economic policy for the President, including macroeconomic issues, financial markets and [...]

The Senate is now debating a climate change bill, typically referred to as the “Lieberman-Warner” bill, referring to Sen. Joe Lieberman (I-CT) and Sen. John Warner (R-VA).  Technically, we think they’ll end up considering a slightly different version of that bill, offered by the Chair of the Senate Environment and Public Works Committee, Sen. Barbara [...]