Jeff Gordon
@jeffgordon.bsky.social
Tax law, industrial policy, decarbonization, between state and market in American law. Assistant Professor at Vanderbilt Law School.
Reposted by Jeff Gordon
I'll continue to make the case that policy resilience doesn't mean invincibility, and we shouldn't overinterpret when an otherwise effective policy succumbs to American Maosim.
bsky.app/profile/ilmi...
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This is a logical fallacy. A resilient strategy is not an invincible one. IRA may fail but note it's over the shocked objections of the market. One cannot ignore the decades of tax credit extension, for example, and then cherry pick a black swan data point.
Sadly both the theories behind IRA have mostly failed
1. Deliverism: deliver jobs and investments to consolidate democratic voters -> win 2024 election
2. Poltiical Lock-In: deliver jobs and investments to red states & districts so that a IRA caucus inside the GOP would protect the clean economy
1. Deliverism: deliver jobs and investments to consolidate democratic voters -> win 2024 election
2. Poltiical Lock-In: deliver jobs and investments to red states & districts so that a IRA caucus inside the GOP would protect the clean economy
May 23, 2025 at 9:35 PM
I'll continue to make the case that policy resilience doesn't mean invincibility, and we shouldn't overinterpret when an otherwise effective policy succumbs to American Maosim.
bsky.app/profile/ilmi...
bsky.app/profile/ilmi...
I assume the next step is we start publishing our own journal
May 23, 2025 at 9:37 PM
I assume the next step is we start publishing our own journal
Yes of course, calling it cost of service was a joke meant to highlight the perhaps surprisingly tight relationship between (average, not marginal) cost and price here
April 23, 2025 at 3:07 PM
Yes of course, calling it cost of service was a joke meant to highlight the perhaps surprisingly tight relationship between (average, not marginal) cost and price here
Yes, LCOE includes the capital investment. It doesn't include cushion for disruptions. And indeed recent PPA prices have risen along with supply chain disruptions etc. But I think the general point about lack of market power here stands.
April 23, 2025 at 2:45 PM
Yes, LCOE includes the capital investment. It doesn't include cushion for disruptions. And indeed recent PPA prices have risen along with supply chain disruptions etc. But I think the general point about lack of market power here stands.
Too kind! Thank you!
April 13, 2025 at 9:27 PM
Too kind! Thank you!
A sign of decreased interest in ESG signaling more than a sign of green projects ending (though that may also come) - see paper on emptiness of green bond commitments papers.ssrn.com/sol3/papers....
Green Bonds, Empty Promises
We examine the legal terms in the market for green bonds, debt instruments in which proceeds are earmarked, directly or indirectly, for projects with a positive
papers.ssrn.com
April 12, 2025 at 7:09 PM
A sign of decreased interest in ESG signaling more than a sign of green projects ending (though that may also come) - see paper on emptiness of green bond commitments papers.ssrn.com/sol3/papers....
I think individual people are acting no differently than they would have on twitter but it adds up to something different because there aren’t many conservatives around. Not sure it’s something individuals can be expected to change.
April 10, 2025 at 5:33 PM
I think individual people are acting no differently than they would have on twitter but it adds up to something different because there aren’t many conservatives around. Not sure it’s something individuals can be expected to change.