Climate & Energy

Why economic analysis of Lieberman-Warner will be flawed

Global warming solution studies overestimate costs, underestimate benefits

Dan Weiss, the Director of Climate Strategy at the Center for American Progress, has written an excellent piece on why we can expect a series of flawed economic analyses of the Lieberman Warner Climate Security Act (S. 2191) in the coming months: Many of these studies will likely predict that the reductions of greenhouse gases required by the cap-and-trade system will lead to huge hikes in electric rates, reductions in jobs, and all sorts of other economic havoc. But these studies also have one other common element: They will eventually be proven wrong once the program is underway. These studies base their cost assumptions on existing technologies and practices, which means that they do not account for the vast potential for innovation once binding reductions and deadlines are set. The Lieberman Warner Climate Security Act anticipates the need for innovation and creates economic incentives to spur engineers and managers to devise technologies and methods to meet the greenhouse gas reduction requirements more cheaply. This isn't the first time that pollution control studies have produced inaccurate predictions about the future. Remember what analysts predicted about acid rain controls from 1989 to 1990? And the article continues on to review that history and then look at the important reports of McKinsey & Co and Nicholas Stern, which makes clear the cost of action is far, far lower than the cost of inaction. If you're interested in the IPCC's take on this -- they explain why the literature is clear that action is not costly -- this post summarizes what they report.

Renewable-energy bill passes House, likely to be short-lived

By a vote of 236-182, the House of Representatives has approved legislation that would boost renewable-energy tax incentives by repealing $18 billion in tax breaks currently enjoyed by oil and gas companies. Take a moment …

Thom Yorke's big ask

Radiohead frontman leads climate campaign

Radiohead frontman Thom Yorke is once again leading Friends of the Earth’s Big Ask Campaign. (Hey, he likes Big Ask and he cannot lie.) The campaign calls on 17 countries and the European Union to …

Canadian dispatch

New Canadian budget supports dirty energy industries, disses renewables

More than a year ago, I wrote about Stephane Dion's election as Liberal leader, and was guardedly optimistic about what it meant for Canadian environmentalists. Let's just say that the last year has been pretty disappointing. The latest came yesterday, after the Conservative government announced a budget that shovelled hundreds of millions of dollars toward fossil fuels and nuclear power. Dion has said his party will support the budget and not trigger an election. How bad is this budget? Well, probably the best indication is normally mild-mannered Tyler Hamilton's reaction: New subsidies for the coal, oil and nuclear industries and new handouts to major automakers. No mention of climate change. No extension of incentives for renewables. The cancelling of incentives for buying energy efficient vehicles. Dismissal, once again, of a carbon tax. I think I'm going to throw up. We're screwed.

House tax package

The House just passed the tax package that was voted down late last year as part of the energy bill. It contains tax incentives for renewables, paid for by removing some of the Big Oil …

Daylight-saving time leads to higher energy use, says study

Daylight-saving time was enacted as an energy-saving measure, but when time springs forward on March 9, people may actually use more energy, says a new study. When all of Indiana began to participate in daylight-saving …

Laundered coal by any other name kills the climate just the same

Is ‘ethanol’ short for ‘laundered coal’?

Wow! Now that the caucuses are safely behind us, an Iowa paper notices that "ethanol" is how corporations and troglodyte utilities pronounce "laundered coal," AKA, The Enemy of the Human Race. Specifically, 300 tons a day, per plant. Here's an Orwell-Award winning statement for you: Officials with Alliant Energy, which has proposed a new coal-fired plant in Marshalltown, told the Iowa Utilities Board recently that if Iowans want renewable energy, they will need more electricity from coal plants. Apparently if you don't want coal you need to use more of it. QED.

Is Obama's climate plan missing something?

The Washington Post lamely attacks Obama’s climate ideas

Post columnist Sebastian Mallaby, in an absurdly titled column, "Obama's Missing Ideas," proves once again that a little knowledge is a dangerous thing. Obama's ideas about climate solutions are probably the very last place one can find something missing. Obama has a terrific climate plan, full of winning ideas, as I have blogged many times. Yet Mallaby claims that "good ideas are actually quite scarce. Just take a look at climate change." Mallaby's "case" is based on two climate ideas many people have always thought were lame (which he never actually bothers to link to Obama), one climate problem that is pretty straightforward to solve, and one idea Mallaby thinks is new that is in fact quite old, is not really a climate idea, and as such has limited climate benefits. First he says, "A couple of years back, ethanol was touted as a good answer to global warming." Uh, no. Corn ethanol, which is what he attacks, was not considered a "good answer to global warming" by any energy or climate expert I have ever met. To the extent climate advocates even tolerated the fuel, it was strictly as a bridge to cellulosic ethanol. To the extent that corn ethanol was supported on policy grounds by politicians [as opposed to support for the farmers or a desire not to offend Iowans], it is primarily from people who are concerned about our dependence on imported oil, not global warming. Does Mallaby even know that Obama supports "a National Low Carbon Fuel Standard," which would block any fuel that increases greenhouse-gas emissions -- or that he supports accelerating the development of cellulosic (i.e., low-carbon) ethanol? These are good ideas. Next Mallaby complains about "carbon trading with developing countries":

Alaskan village sues Big Fossil Fuel over link to climate change

The tiny village of Kivalina, built on a barrier reef in Alaska’s Chukchi Sea, filed a lawsuit Tuesday against 24 oil, coal, and power companies, alleging that Big Fossil Fuel’s greenhouse-gas emissions are contributing to …

Got 2.7 seconds?

We've devised the world's shortest survey to find out what kind of actions our readers are taking. You know you want to.

Sure!  
×