via http://www.aei.org/publication/charts-day-politicians-view-stock-market-oil-market/
How politicians view the stock market and oil market » AEI
06 Nov 2014 Leave a comment
in energy economics, Public Choice Tags: Oil prices, political rhetoric
How urgent is ‘urgent’?
03 Nov 2014 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism Tags: climate alarmism, global warming
by Judith Curry
I think we have a very brief window of opportunity to deal with climate change . . . no longer than a decade at most. – James Hansen 2006
We have only four more years to act on climate change. – James Hansen 2009
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UN Grants The Planet A Century Long Reprieve
03 Nov 2014 Leave a comment
in climate change, economics of climate change, energy economics, environmental economics Tags: climate alarmism, global warming
Celebrate! The UN has granted Earth a 100 year reprieve from global warming.
In 1989, the UN said we had until the end of the 20th century to save the planet from global warming – but now they say we have until the end of the 21st century.
UPDATE 1-Climate change fight affordable, cut emissions to zero by 2100-UN
Mainstream media is finally catching up with the sceptics
01 Nov 2014 Leave a comment
in applied welfare economics, energy economics, environmental economics, environmentalism Tags: global warming, green rent seeking
A hard hitting article appears in the Mail which slams the climate change act.
Six years ago today, an ambitious Labour politician, newly appointed climate change secretary, set Britain on a ruinous path that threatens our energy-dependent civilisation with collapse.
Such is the devastating conclusion of Owen Paterson, the Tory former Environment Secretary, who yesterday joined Lord Lawson among the highest-profile critics of the political consensus on energy policy.
For it was on October 16, 2008, that the new secretary of state – Ed Miliband, by name – set us the legally binding goal of meeting the EU’s wildly ambitious target to cut carbon emissions by 80 per cent before 2050 (and how significant that no other country has followed his lead).
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Krugman vs. Krugman on Carbon Taxes – IER
14 Oct 2014 9 Comments
in climate change, economics of climate change, energy economics, environmental economics, politics - USA Tags: Paul Krugman, Quacks
Who Is More Irrational – Consumers or Regulators?
08 Sep 2014 Leave a comment
in economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, global warming Tags: Bjørn Lomborg, expressive voting, futile gestures, global warming, Kip Viscusi, nanny state, regulatory failure, The fatal conceit, The pretence to knowledge
A study by Ted Gayer and W. Kip Viscusi looked into this implied irrationality of consumers. They have found no empirical evidence to support the view that if consumers are so irrational that government agencies must prohibit certain energy consuming products for us to make the right choices:
Rather than accept the implications that consumers and firms are acting so starkly against their economic interest, a more plausible explanation is that there is something incorrect in the assumptions being made in the regulatory impact analyses.
Indeed, upon closer inspection it is apparent that there is no empirical evidence provided for the types of consumer failures alleged.
Even the EPA acknowledged this logical gap in its economic analysis of energy efficiency regulations:
it is a conundrum from an economic perspective that these large fuel savings have not been provided by automakers and purchased by consumers
Not surprisingly Kip Viscusi observed that
The regulatory impact analyses examined in this study contain virtually no empirical evidence to support the irrationality proposition.
• This proposition ignores the fact that consumers and firms purchase products based on a number of factors—only one of which is energy efficiency.
• Government agencies exhibit a parochial bias by ignoring all product attributes other than energy efficiency.
The seen and the unseen: electric cars – where does the electricity come from?
02 Aug 2014 Leave a comment
The poor carbon footprint of wind and solar
01 Aug 2014 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: bootleggers and baptists, global warming, green rent seeking, solar power, wind power
Paul Joskow pointed out that these costs do not take account of the costs of intermittency: wind power is not generated on a calm day, nor solar power at night. Conventional power plants must be kept on standby. Electricity demand also varies during the day in ways that the supply from wind and solar generation may not match.
HT: The Economist via Sinclair Davidson
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