Latest Articles

How will the auction vs. allocation debate affect power prices?

Last January, Rep. Ed Markey (D-Mass.) convened hearings on the ways allocation of CO2 permits under a cap-and-trade system will impact power prices and utility profit margins. The short version, drawn from the evidence of Kyoto and other systems that have given credits away for free, is that while free allocations lower power prices in theory, in reality prices rise just as much as they would otherwise -- but they increase margins for exempt generators (i.e., coal plants). Indeed, one of the great criticisms of the Kyoto Protocol has been that it has directly led to increased profits for Europe's old coal plants.

Since then, there has been a growing chorus from (coal-heavy elements within) the electric sector arguing that utility regulations compel them to pass along any operating savings to the rate payers -- and therefore, that free allocations really do ensure lower power costs. (See here for more details on the "pass-throughs" innate to modern utility regulation.)

So on the one hand, we have the paper trail from Kyoto, and on the other hand, we have what would appear to be a pretty robust theory based on modern utility law. Who's right?

The short version: facts on the ground trump theory. The longer version is below the fold.

Concerned about air, world-record holder will not run Olympic marathon

Marathon world-record holder Haile Gebrselassie will not compete in his favored event at the Beijing Olympics this summer over fears that polluted air will damage his health. The Ethiopian runner, who has exercise-induced asthma, will try to qualify for the Games in the 10,000-meter race instead. Other athletes have expressed similar concerns about the breathability […]

A fun traffic simulator and lessons learned

Via Brad Plumer: a traffic jam in in a bottle.

To me, it's pretty remarkable how closely the real-world experiment above matches up with this java-based computer traffic simulator.

Warning: if you click the last link, and you're at all geeky, prepare to lose your afternoon!

Bush talks up nukes at renewable-energy meeting, Grand Canyon flood released, and more

Read the articles mentioned at the end of the podcast: Everything Old, and Nukes Again Leave Us a Loan A River Runs Through It A Climate of Fear Murrelet My Habitat Go Read the articles mentioned at the end of the podcast: Cash and Carroty The Bees’ Needs The Company He Keeps

A family-friendly review of six eco-toothpastes

Aiming for greener whites. Photo: iStockphoto When it came time to test out eco-toothpastes for this column, I knew just whom to call: my sister, her husband, and their two boys. As a rule, their household purchasing — and philosophy — tends to straddle the eco/non-eco line, and toothpaste is no exception: two of them […]

Canadians fear U.S. energy bill clause could disallow oil-sands exports

A clause in the recently passed U.S. energy bill could be interpreted to prevent the U.S. from sourcing fuel from Canada’s oil sands, putting Canadian officials all in a tizzy. Section 526 of the Energy Independence and Security Act prohibits the U.S. government from purchasing alternative fuels with higher lifecycle greenhouse-gas emissions than conventional petroleum. […]

WaPo ad

An ad ran in the Washington Post a while back assuring everyone that the U.S. isn’t running out of natural gas (PDF). Indeed, North America has 120 years worth! Scarcity? What scarcity? (Note, however, 50% of the alleged future nat gas is bound up in shale. Kinda dirty.) The ad is from the American Clean […]

A brief summary of Tom & Paul’s approach to international climate justice

In Tom Athanasiou's recent post, "The greening of the global south," he describes an article in U.K. magazine The Prospect as "honest," "well-informed," and "criticizing the alternatives to trading."

I actually think these objections are pretty easy to answer, but in order to do so, I have to present the objections first.

The article begins by adopting some of points Tom and Paul present in their book The Right to Development in a Climate Constrained World:

How cars are like cigarettes

Check out this five-star excellent post on the many similarities between tobacco and cars by Michael O'Hare. He makes the point that once-unquestioned social conventions can change quickly once activists refuse to accept "that's just the way it is" and start highlighting the costs these conventions impose.

Australia’s ratification of the Kyoto Protocol comes into force

Australia’s ratification of the Kyoto Protocol came into force on Tuesday. While the Aussies have the second-highest greenhouse-gas emissions per capita in the developed world, Prime Minister Kevin Rudd waxed optimistic, saying the country is on track to meet its Kyoto-suggested emissions-reduction targets. “From today, Australia officially becomes part of the global solution on climate […]