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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Green is as green does . . .

By Megan McArdle
Sep 7 2007, 5:52 PM ET Comment

Who cares if Al Gore goes on a private jet, as long as he buys the appropriate carbon offset?

(A private jet, for those who may not realize it, is just about the single most carbon-wasteful thing in the world, except maybe burning high-sulfur coal for the sheer fun of it.)

There are two ways an economist could look at this.

One way of looking at it is that he doesn't add any more carbon to the world than he would taking a commercial flight, or walking, provided he buys the offset. This assumes, of course, that offsets work, a question in some doubt. But as long as you're efficiently pricing the environmental cost to be actually carbon neutral, it's none of our business what sort of transportation you use.

But another way of looking at it is that if Al Gore cares about the environment, and is willing to pay, say $500 to take the equivalent of a private-jet-trip's worth of carbon out of the air, then he ought to do so regardless of whether he has flown. He ought to buy all of the carbon offsets he feels necessary or affordable--and then reduce carbon still further by taking a commercial flight, or a train. Since Al Gore seems to feel that we should all do everything possible to reduce our carbon footprint, this is not unreasonable. Taxation is the solution to problems where you cannot secure the voluntary restraint of others; it is odd to try the same stunt on yourself.

I'm not sure which view I find more compelling. Does Al Gore have an obligation to not merely stay carbon neutral, but try to reduce the profligacy of his neighbors? Does it matter that he's made a tidy sum from those neighbors exhorting them to lower their carbon footprint? People seem to feel intuitively that it does, but the actual logical reasoning generally seems fuzzy.

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