What Biden's Pause on Oil and Gas Leases on Federal Lands Means for Colorado
Colorado Public Radio quotes RFF Fellow Brian Prest and cites his working paper on the impacts of a permanent leasing ban on federals lands.
"The exact climate impact of Biden’s actions is not easy to pin down. Brian Prest, an economist at Resources for the Future, a nonpartisan think tank, wrote a study under peer review that models the impact of a permanent leasing ban that suggests the policy would significantly cut emissions from public lands. Prest’s research also suggests drilling on private lands and overseas would increase to fill the demand, offsetting much of the overall climate impact.
'Production flows away from the regulated section, in this case public lands, towards places not covered by the policy,' he said."
