The Economist: "Joe Biden Is Not Quitting Fossil Fuels"

An article about the National Petroleum Reserve in Alaska includes research insights from RFF Fellow Brian Prest.

View on The Economist website


Feb. 9, 2023

News Type

Press Release


The Economist

"Recent modelling from Brian Prest, an economist at Resources for the Future, a think­ tank, suggests that higher royalty rates will not dent emissions in a meaningful way. Much more effective would be a carbon tax or a ban on new oil and gas leases, neither of which is currently politically feasible."

Resources for the Future (RFF) is an independent, nonprofit research institution in Washington, DC. Its mission is to improve environmental, energy, and natural resource decisions through impartial economic research and policy engagement. RFF is committed to being the most widely trusted source of research insights and policy solutions leading to a healthy environment and a thriving economy.

Unless otherwise stated, the views expressed here are those of the individual authors and may differ from those of other RFF experts, its officers, or its directors. RFF does not take positions on specific legislative proposals.

For more information, please refer to our media resources page or contact Media Relations Associate Anne McDarris.

Related People

Related Content