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A very good piece but the Biden Administration must anticipate the unintended consequences of the set of policies it is now enacting. https://www.nytimes.com/2021/01/26/climate/biden-climate-change.html?smid=tw-share
First, will America's coal stay in the ground and not be burned? At what level of international transport costs does it become profitable to export it to the developing world? https://ideas.repec.org/a/eee/regeco/v81y2020ics0166046219303965.html
Second, will the 100 million+ fossil fuel vehicles in the U.S soon be crunched? Or will they be exported to the developing world and live to age 30+? https://ideas.repec.org/a/aea/aejpol/v2y2010i4p58-82.html
Third, as the Biden Administration regulates noxious polluting facilities in the U.S such as coal fired power plants, will progress raise nearby land prices pricing out incumbent renters? See Davis Restat.
http://faculty.haas.berkeley.edu/ldavis/Davis%20RESTAT%202011.pdf
http://faculty.haas.berkeley.edu/ldavis/Davis%20RESTAT%202011.pdf
Fourth, new electric vehicles will continue to be too expensive for poor people. If the poor have less access to private fossil fuel vehicles (because their price and operating cost rises), what happens to their quality of life in terms of lost mobility?
https://www.jstor.org/stable/25058784?seq=1#metadata_info_tab_contents
https://www.jstor.org/stable/25058784?seq=1#metadata_info_tab_contents
An interesting prospective used vehicle market study would examine the future pricing of used fossil fuel vehicles as vehicle makers produce fewer new fossil fuel cars. As the developed world raises gas taxes, will U.S gas consumers bear the incidence of this tax?
