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May 21, 2009
Seth Walker, Ecotrust
503-803-7700 (mobile)

More Than 100 Economists Band Together to Fight Climate Change Skeptics

Economists Launch RealClimateEconomics.org and Issue a New Report on National Household Greenhouse Gas Emissions

PORTLAND, Ore. – May 21, 2009 – In recent times, junk economics has replaced junk science as the cause of inaction on climate change issues. The case for inaction is no longer argued on the grounds of skepticism about the science; instead, some claim that it is too expensive to take more than token action on key initiatives.

In response to this trend, more than 100 of the country’s leading economists have banded together to launch RealClimateEconomics.org, an effort dedicated to using the weight of economic evidence to support effective public policy and business responses to the climate crisis. RealClimateEconomics.org is inspired by the success of RealClimate.org, a longtime effort by climate scientists to dispel the junk science popularized by climate skeptics.

RealClimateEconomics.org officially launches today with a new report from several of its members on interstate differences in per capita greenhouse gas emissions. The report explains why some states have much lower emissions than others and helps clarify the potential regional impacts of policies, such as cap-and-trade, which will impose a price on energy-related carbon dioxide emissions. The authors of the report are Dr. Elizabeth Stanton and Dr. Frank Ackerman of Tufts University (both are also affiliated with the Stockholm Environment Institute), and Dr. Kristen Sheeran, the director of Economics for Equity and the Environment (E3 Network). RealClimateEconomics.org is a project of E3 Network, and both efforts receive fiscal support from Portland, Ore.-based Ecotrust.

The key conclusions from the new report:

The complete report is available for download at www.ecotrust.org or www.e3network.org.

About RealClimateEconomics.org
RealClimateEconomics.org, a project of Ecotrust and Economics for Equity and the Environment (E3 Network), is a one-stop resource for discovering the real economics of climate change, an emerging body of scholarship that is consistent with the urgency of the problem as seen from a climate science perspective. RealClimateEconomics.org is a group of economists scattered across the U.S. who are developing and applying economic arguments for active protection of human health and the natural environment. The effort emerged out of a series of conversations between academics, non-profit professionals, and foundation officers about the need for creating a stronger link between economics and the environmental movement, for developing an alternative to the anti-regulatory anti-reform bias that dominates public policy debates, and for creating a network of economists actively working for environmental protection. Fiscal sponsorship for RealClimateEconomic.org and the E3 Network is provided by Ecotrust. More on the Web at www.realclimateeconomics.org or www.e3network.org.

About Ecotrust
Over nearly 20 years, Ecotrust has converted $60 million in grants into more than $300 million in capital for local people, businesses, and organizations from Alaska to California. Ecotrust’s many innovations include co-founding the world’s first environmental bank, starting the world’s first ecosystem investment fund, creating a range of programs in fisheries, forestry, food, farms and children’s health, and developing new scientific and information tools to improve social, economic and environmental decision-making. Ecotrust works locally in ways that promise hope abroad, and it honors and incorporates the wisdom of Native and First Nation knowledge in its work. More on the Web at www.ecotrust.org.


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