Climate Climate & Energy

His energy plan is half brilliant, half dumb

The Phone Call
based on a true story

Major cable network: What do you think of T. Boone Pickens' latest energy plan?

Me: Half of it is great -- the big push on wind power. Heck, even the Bush administration says wind power could be 20 percent of U.S. electricity. But the notion that we would use the wind power to free up natural gas in order to fuel a transition to natural gas vehicles makes no sense. Why would we go to the trouble of switching our vehicle fleet from running on one expensive fossil fuel to another expensive fossil fuel? Any freed up natural gas should be used to displace coal ...

Major cable network: I was hoping you liked the whole plan. That way we could use you on the show ... You don't have any ideas of who might like the whole thing?

Dave heads to where the hills are alive

Listen Play "Prelude," from The Sound of Music On Wednesday, I leave for Salzburg, Austria, where — thanks to the generosity of a Knight Foundation Fellowship — I will be attending a session of the Salzburg Global Seminar on "Combating Climate Change at Local and Regional Levels: Sustainable Strategies, Renewable Energy." I am of course […]

Texas oilman unveils Pickens Plan to avert U.S. energy crisis

T. Boone Pickens. Photo: University of Texas America has a problem, and T. Boone Pickens has a solution. “U.S. dependency on foreign oil has reached an economic crisis point,” says the infamous Texas oilman, who in response has unveiled The Pickens Plan. The 80-year-old billionaire proposes that private investors fund the construction of thousands of […]

Jeffrey Sachs, economist and eco-problem solver, chats about his plans to save the world

Jeffrey Sachs speaks at the University of North Carolina. Photo: Kevin Tsui Jeffrey Sachs — the renowned economist who devised a grand plan in 2005 to rid the world of poverty — is now focused on an even broader ambition: saving the planet and all of us who call it home. His new book, Common […]

G8 nations agree to cut emissions 50 percent by 2050 (sort of)

At this year’s Group of Eight meeting in Japan, the world’s richest nations more or less agreed to cut greenhouse-gas emissions 50 percent by 2050. While the agreement is notable since it means President Bush has budged ever-so-slightly on the climate issue, the group’s statement on the cuts is little more than a carefully worded […]

No easy explanation for continued price increases in the oil markets

At the end of last year I predicted that the price of oil would go down; so far I have been terribly wrong. My prediction, shared by many other economists and energy experts, was premised on a reasonable assumption: Since the world was headed for an economic slowdown, brought about the housing bubble and the financial crisis, global demand for energy would likely moderate, putting downward pressure on prices. While it was a sensible prediction, I am happy that no one took me up on my bet.

So what happened?

CCS: Environmental whack-a-mole

Carbon capture and sequestration gets heralded as a great way to lower CO2 emissions and keep burning coal. Unfortuantely, it also kills the efficiency of the coal plant, meaning that every other environmental externality associated with coal-fired generation -- from mountaintop removal to power plant siting -- is exacerbated by CCS. Planet Ark puts it succinctly:

The process called carbon capture and sequestration requires as much as 20 percent of the electricity a power plant generates.

That essentially means that for every five coal plants using the technology, a sixth would be required just to power the capture and burial of carbon dioxide produced.

Costs for utilities rise faster than politically palatable rate changes can keep up

This is one for the "Things No One is Talking About But Should" file.

Greenwire has this report ($ub. req'd) from Standard & Poor's noting that the credit risk of our utilities depends in large part on their ability to recover rising fuel costs, and this ability is diminished due to the fact that:

High fuel costs translate directly to higher customer rates, but instituting constant and often significant increases is politically and socially unpalatable.

This gets it half right.

Venture capitalist John Doerr shares four lessons on climate change

I don’t know how it is that I’ve never seen this John Doerr talk from TED, but I’m glad I finally did:

Is a consumer choice necessarily the best choice?

Jim Manzi, climate change voice of non-denialist conservatives, writes: But consider this at a common-sense level: you are forcing people, through rationing, to use something like 80% less of a substance that they choose to use because they believe that it creates net economic utility (prior to externalities) as compared to any available alternative. There […]