
I had already selected my topic for this week (most climate policies don't work) when I had the good fortune to cross paths with a Wall Street Journal article, 7 Years, $700 Million Wasted: The Stunning Collapse of New York's Traffic Moonshot. The policy attempted to penalize drivers for entering congested zones of Manhattan. The $15 per incident congestion charge would sum to over a billion dollars per year that would fund biking and mass transit improvements. New York City has the most snarled traffic in the world. The Journal reports, "The average travel speed in Midtown fell to 4.5…
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