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PERC Reports

The Magazine of Free Market Environmentalism

The Power of Prices

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Volume 35, No.2, Winter 2016

Even though carbon emissions from U.S. power generation are at a 25-year low, thanks in part to fracking and cheap natural gas, global atmospheric concentrations of carbon dioxide are steadily increasing. The reality is that climate change is what some have called a “wicked problem”—solving it on a global scale would be economically devastating, politically unattainable, and practically impossible. That leaves us with the theme of this special issue of PERC Reports: adaptation.

The real challenge is to avoid policies that distort prices, make society poorer, or prevent markets from adapting. Trade barriers, immigration restrictions, federal flood insurance, agricultural subsidies, and zoning regulations each impose obstacles to climate adaptation. This special issue challenges how we think about climate change and highlights the importance of markets and property rights in helping us adapt to our ever-changing world.

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Climatopolis Revisited

Matthew E. Kahn

How free markets and urban growth facilitate climate change adaptation.

Amber Waves of Change

Alan L. Olmstead,  Paul W. Rhode

The historical record offers considerable insight into the adaptability of agriculture to climatic challenges.

A Shot of Climate Change With Your Morning Coffee

Tate Watkins

What Haiti reveals about the adaptation challenges that face the global coffee sector.

Drought and the Mighty Mississippi

Ben Foster

Why financial adaptations could be just as important as physical adaptations to climate change.

The Power of Prices

Paul Schwennesen

An innovative water contract pays farmers to conserve.

The Hole in the EPA’s Ozone Regulations

Daniel Benjamin

The EPA's past efforts to limit ozone emissions backfired. Will its new regulations actually work this time?

Dominion Over the Unicorn

James Workman

Informal tenure and rights-based fishing in nearshore waters offer a more positive outcome to the no-longer-tragic “commons” of the ocean.

Giving Credit Where Credit is Due

Reed Watson

The environmental case for economic growth.

A Climate Without Borders

Esteban Rossi-Hansberg,  Klaus Desmet

How free trade and free migration can help us adapt to climate change.

PERC Reports: Market Adaptation to Climate Change

Shawn Regan

This special issue of PERC Reports explores how markets can help us adapt to climate change now and in the future.

The Latest

Volume 41, No.2, Winter 2022

Volume 41, No.1, Summer 2022

Volume 40, No.2, Winter 2021

Volume 40, No.1, Summer 2021

Volume 39, No.2, Winter 2020

Volume 39, No.1, Summer 2020

Volume 38, No.2, Winter 2019

Volume 38, No.1, Summer 2019

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