Green Bank Established by Professor Daniel Esty ’86 Receives Harvard Prize

Yale Law School: Wednesday, August 2, 2017

The Ash Center for Democratic Governance and Innovation, a leading research center at the John F. Kennedy School of Government at Harvard University, has named the Connecticut Green Bank the winner of the 2017 Innovations in American Government Award.

The Connecticut Green Bank was established by Governor Dannell Malloy with bipartisan support based on Professor Daniel Esty’s idea that limited public clean energy funding could have greater impact if it were used to leverage private capital through a new quasi-public entity.

Esty ’86 served as head (Commissioner) of the Connecticut Department of Energy and Environmental Protection from 2011-2014.

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Trashing EPA's endangerment finding would be tough

Scott Waldman, E&E News reporter
Tuesday, July 18, 2017

In a Washington where climate change is again a hot debate topic, there is one bulwark of climate science that may be impossible for critics to tear down.

The endangerment finding is perhaps the most forceful presence of climate science in President Trump's Washington, one backed by a Supreme Court decision and arguably harder to take on than any other climate issue the administration has fought.

Although U.S. EPA under Scott Pruitt has targeted climate regulations at a rapid pace, the endangerment finding — EPA's 2009 determination that greenhouse gases threaten public health and welfare — is a building block upon which they could be reconstructed in a post-Trump era.

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Professor Esty Publishes Article on 21st Century Sustainability Strategy

Yale Law School: Monday, May 15, 2017

Hillhouse Professor of Environmental Law and Policy Dan Esty ’86 recently published an article in Environmental Law outlining his vision for a new era in environmental sustainability strategy. The journal is the nation’s oldest law review dedicated solely to environmental issues run by students of Lewis & Clark Law School.

Titled “Red Lights to Green Lights: From 20th Century Environmental Regulation to 21st Century Sustainability,” the article calls for a modern-day sustainability strategy that builds on the successes of the 20th century command-and-control approach but integrates advances in data and information while incorporating lessons learned from the private sector.

The article outlines how 20th-century environmental protection efforts delivered significant improvements in America’s air and water quality and led companies to manage their waste, use of toxic substances, and other environmental impacts with much greater care. But that progress slowed due to the limits of the regulatory model being reached, resulting in deadlock that has not been beneficial to environmental policy, Esty argues.

In calling for a new sustainability strategy, Esty makes the case for a transformed legal framework that prioritizes innovation, requires payment of “harm charges” and an “end to externalities,” and shifts toward market-based regulatory strategies that expand business and individual choices rather than government mandates.

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Climate action needs green, not just red lights

The Guardian; April 28, 2017

In the twentieth century environmental protection centred on national government regulations and standards, often requiring emitters to install mandated pollution control equipment. This approach delivered some gains: across Europe and North America, the air is now much cleaner and rivers, streams, and lakes are less polluted. But such “command and control” regulation has not delivered much progress on some other big issues endangering the global commons, including climate change.

Despite more than two decades of the 1992 UN Framework Convention on Climate Change, emissions have continued to rise – threatening to produce global warming, rising sea levels, more frequent and intense hurricanes, changed rainfall patterns, more floods and droughts, and diminished farm productivity in many places. This failure can be traced to structural flaws in the past global response to climate change.

The 20th century regulatory model, on which the 1992 treaty builds, makes what could be called the “lawyer’s mistake” of assuming it is enough to pass a law, draft regulations, or sign an international agreement. Telling people, particularly in the corporate world, what not to do is insufficient. What is really needed is a framework of incentives that changes behaviour and induces innovation to solve problems.

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