economics
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Why we overestimate the costs of climate change legislation
Recent days have seen a flurry of blogospheric back-and-forth about the new CBO and EPA reports, and more generally about the costs and benefits of climate change legislation. As someone who believes the costs are overestimated and the benefits underrated, I thought I’d weigh in. Here are three key questions: How available and affordable are […]
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Warren Buffett repeats GOP talking points on energy plan
Courtesy trackrecord via FlickrOmaha zillionaire Warren Buffett repeated his criticism of cap-and-trade emissions regulation on Wednesday, telling CNBC the plan being pushed by Democrats amounts to “a huge tax” and a “fairly regressive tax” that’s going to burden poor consumers in particular. “If we buy permits, essentially, at our utilities, that goes right into the […]
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Scant evidence for charge that EPA ‘suppressed’ dissent [Updated]
UPDATE 6/26: The Competitive Enterprise Institute released a draft of the “suppressed” report, which confirms the EPA’s explanation: The agency didn’t think much of the report because it’s authored by an economist claiming to be a climatologist. “We have become increasingly concerned that EPA and many other agencies and countries have paid too little attention […]
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RE less than G
The next time someone tells you solar is too expensive, send them here (PDF). It’s a contract PG&E signed for a 230 MW solar photovoltaic project, delivering 592 GWh/year. That’s a lot. But the best part? Look at the chart on the bottom of page 3. It won’t tell you the price exactly, but it’s […]
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Blogospheric passions run high on, um, the CBO report
After watching a tedious press conference this morning at which not a single question was asked about the Waxman-Markey bill (after Obama endorsed it!), I’m happy to see that somebody outside the dreary confines of “green blogging” is grappling with it. If it all happens to be obsessively focused on the CBO report, well, I’ll […]
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EPA: Waxman-Markey will lower electricity bills
The main argument conservatives and big oil and coal companies use against the American Clean Energy and Security Act (H.R. 2454) is that it would cripple American households with a crushing energy tax. To make that claim, they have distorted cost estimates from the Massachusetts Institute of Technology and conducted their own biased studies. Today, […]
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Growing a better world
Crossposted from Znet “Every society clings to a myth by which it lives. Ours is the myth of economic growth.” So begins “Prosperity Without Growth“[1], the report of the UK government’s Sustainable Development Commission. Questioning growth has been the obsessive focus of many for decades. Questioners make important points. Gross Domestic Product (GDP) has been, […]
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Coal is the enemy of West Virginia
I wrote a slightly snotty post about West Virginia recently, in response to Gov. Joe Manchin making coal the state rock. The point was that dependence on coal has produced more misery than benefit for West Virginians — nothing to celebrate. As it happens, at a recent event I had the opportunity to ask Manchin […]
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CBO: Waxman-Markey pollution cuts cost little
This piece was co-written with Andrew Jakabovics, Associate Director for Housing and Economics at the Center for American Progress. Opponents of the American Clean Energy and Security Act, H.R. 2454, are acting like out-of-control auctioneers. They’re trying to defeat the bill by raising cost estimates for the bill’s clean-energy and global warming pollution reduction programs. […]
