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Leonard Pokrovski

added blog Economics
2026-05-22 21:35:54 -

Should governments tax pollution?
Should Governments Tax Pollution? The river looked anesthetized. Not dead. Worse. Alive in a diminished way, as if life itself had signed a compromise agreement. I remember standing beside the Cuyahoga years after the famous fire, watching the water move under a film of industrial sheen that caught the afternoon sun like a bruise. Nearby, a father cast a fishing line with the stubborn...

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Leonard Pokrovski

added blog Economics
2026-05-22 21:33:01 -

Do carbon taxes reduce emissions?
Do Carbon Taxes Reduce Emissions? The argument usually arrives disguised as arithmetic. A legislator holds up a chart, a pundit cites a gasoline price, an economist sketches a tidy curve on television. Carbon taxes, we are told, work because people respond to prices. Raise the cost of pollution and pollution declines. Elegant. Mechanical. Almost Newtonian. But carbon is not emitted by...

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Leonard Pokrovski

added blog Economics
2026-05-22 21:20:56 -

How do governments reduce pollution?
How Do Governments Reduce Pollution? A river does not argue. It carries the memory of a civilization in silence. Stand beside the lower stretch of the Cuyahoga River in the late 1960s and you would have smelled varnish, gasoline, sulfur, rot. The water itself could ignite. It did ignite. Flames climbed from the river’s surface like a deranged industrial miracle, and the photographs...

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Leonard Pokrovski

added blog Economics
2026-05-22 21:31:10 -

How does carbon pricing work?
How Does Carbon Pricing Work? There is a habit in economics, especially in rooms with polished tables and filtered air, to speak about carbon as though it were an abstraction. A metric. A unit. A derivative of energy consumption. Yet carbon dioxide is physical. It leaves a tailpipe warm. It rises from a smokestack with the invisible confidence of empire. It lingers in oceans that absorb heat...

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Leonard Pokrovski

added blog Economics
2026-05-22 21:27:42 -

What is a carbon tax?
What Is a Carbon Tax? A refinery in Texas exhales more carbon dioxide before dawn than a forest can absorb in months. A container ship crossing the Pacific burns bunker fuel so dense and sulfurous that, if poured into a stream, it would resemble an industrial crime scene. Yet the invoice for this damage rarely arrives. The atmosphere receives the bill. Future generations inherit the debt....

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Leonard Pokrovski

added blog Economics
2026-05-22 21:34:36 -

What is cap-and-trade?
What Is Cap-and-Trade? There is a moment that arrives in certain industrial cities just before dawn when the air becomes visible. Not fog. Not weather. A chemistry of exhaust, sulfur, nitrates, carbon, and microscopic particulates suspended low enough to taste. I remember standing near the ship channel outside Houston years ago while a refinery exhaled steam against a bruised sky. A worker...

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Leonard Pokrovski

added blog Economics
2026-05-21 19:33:29 -

What is environmental economics?
What Is Environmental Economics? There is a peculiar arrogance in modern economics. It assumes that if a thing cannot be priced, it either does not matter or will somehow correct itself through the mystical operations of “the market.” A forest becomes lumber inventory. A river becomes industrial input. A fishery becomes a quarterly earnings report waiting to happen. And when the...

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