Yesterday, over 130 world leaders signed the #ParisAgreement to tackle #climatechange. It's time to hold them to it pic.twitter.com/mWUMCKAHIP
— Oxfam International (@Oxfam) April 23, 2016
Fossil Fuels: The Greenest Energy #earthday @Oxfam
23 Apr 2016 Leave a comment
in economics of media and culture, energy economics, environmental economics, global warming Tags: Fossil Fuels
#EarthDay explained
23 Apr 2016 Leave a comment
in environmental economics, environmentalism Tags: Earth Day
DILBERT on EARTH DAY: "You can't save the Earth unless you're willing to make other people sacrifice." http://t.co/TvZjFqXXla—
Mark J. Perry (@Mark_J_Perry) April 22, 2015
George Carlin on ‘saving the planet’ #earthday
22 Apr 2016 Leave a comment
in economics of media and culture, environmental economics Tags: Earth Day, George Carlin
Why environmentalists are adverse to real solutions #earthday
22 Apr 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, politics - USA Tags: anti-market bias, Earth Day, expressive voting, rational ignorance, rational rationality
Source: Quotation of the day for Earth Day on the ‘science of economics versus the religion of environmentalism’ … – AEI | Carpe Diem Blog » AEIdeas from Steven E. Landsburg’s book “The Armchair Economist: Economics and Everyday Life,” in his chapter titled “Why I Am Not an Environmentalist: The Science of Economics versus the Religion of Ecology“.
The world according to climate change alarmists
22 Apr 2016 1 Comment
in environmental economics, global warming Tags: climate alarmism, conjecture and reputation, philosophy of science
Earth Day flashback
21 Apr 2016 Leave a comment
in environmental economics, environmentalism, labour economics, labour supply, population economics Tags: doomsday prophecies, Earth Day, Paul Ehrlich
How much of global low carbon energy is wind and solar?
21 Apr 2016 Leave a comment
in economic history, energy economics, environmental economics, resource economics Tags: geothermal power, hydroelectric power, nuclear power, renewable energy, solar power, wind power
Left-wing Biases, Too, May Block Progress on Climate Change @GarethMP @JulieAnneGenter
20 Apr 2016 Leave a comment
in applied price theory, applied welfare economics, economics of media and culture, energy economics, environmental economics, global warming, Public Choice Tags: antimarket bias, carbon emissions, climate alarmists, expressive voting, greenhouse gases, nuclear power, rational irrationality
Source: Liberal Biases, Too, May Block Progress on Climate Change – The New York Times.
Source: Mr. Sanders’s war on clean energy – The Washington Post.
Climate Change: What Do Scientists Say?
19 Apr 2016 Leave a comment
in economics of media and culture, environmental economics, global warming Tags: climate alarmism
#Morganfoundation discovers that #Ukraine is a dodgy place to buy credence goods
19 Apr 2016 Leave a comment
in economics of climate change, economics of crime, economics of information, environmental economics, global warming, industrial organisation, international economic law, international economics, International law, law and economics, politics - New Zealand, survivor principle Tags: adverse selection, asymmetric information, carbon trading, climate alarmism, climate alarmists, credence goods, experience goods, inspection goods
Morgan Foundation yesterday put out a report pointing out that many of the carbon credits purchased from the Ukraine under the carbon trading scheme are fraudulent.
That comes with no surprise to anyone vaguely familiar with business conditions and the level of official corruption in the former Soviet Union. Russia is a more honest place to do business.
Carbon traders who buy from the Ukraine are not buying an inspection good. An inspection good is a good whose quality you can ascertain before purchase.
They are not buying an experience good. An experience good is a good whose quality is ascertained after purchase in the course of consumption.
Source: Russia, Ukraine dodgy carbon offsets cost the climate – study | Climate Home – climate change news.
What these carbon traders in New Zealand are doing is buying credence goods from the Ukraine. The credence goods are the carbon credits, which the Morgan Foundation and others have found often to be fraudulent.
A credence good is a good whose value is difficult or impossible for the consumer to ascertain. A classic example of a credence good is motor vehicle repairs.
You must trust the seller and their advice as to how much you need to buy of a credence good. Many forms of medical treatment also require you to trust the seller as to how much you need.
Carbon credits are such a credence good. You know there is corruption in the Ukraine and many other countries that supply them. You may never know at any reasonable cost whether the specific carbon credits you buy were legitimate.
The reason why carbon credits are purchased from such an unreliable source is expressive voting. As is common with expressive politics, what matters is whether the voters cheer or boo the policy. The fact whether it works or not does not matter too much.
The Greens are upset about this corruption in carbon trading. They did not mention the corruption in international carbon trading and climate aid when they welcomed the recent Paris treaty on global warming but that is for another day.
https://twitter.com/kadhimshubber/status/721831502372302849
Co-ordinated international action on global warming is rather pointless if some of the key countries with carbon emission caps are corrupt, which they are.
As Geoff Brennan has argued, CO2 reduction actions will be limited to modest unilateral reductions of a largely token character. There are many expressive voting concerns that politicians must balance to stay in office and the environment is but one of these.
Once climate change policies start to actually become costly to swinging voters, expressive voting support for these policies will fall away, and it has.
Networked Carbon Markets
Source: World Bank Networked Carbon Markets.
One way to stem that fading support is to buy carbon credits on the cheap and there is plenty of disreputable suppliers of cheap carbon credits. Buying dodgy carbon credits as a way of doing something on global warming without it costing more than expressive voters will pay.
One of the predictions of the adverse selection literature is that if consumers cannot differentiate good and bad goods from each other, such as with used cars, the market will contract sharply or even collapse because buyers cannot trust what is on offer. This risk of adverse selection undermining a market applies with clarity to carbon trading.
Source: How Can Your Vote Shape a Low Carbon Future? It Starts with Carbon Pricing.
Water Policies for People, by David Zetland
18 Apr 2016 Leave a comment
in economics, economics of regulation, environmental economics, industrial organisation, law and economics, privatisation, property rights, survivor principle Tags: Economics of water
The future should sue today’s climate activists for slowing The Great Escape
16 Apr 2016 Leave a comment
in development economics, economic history, economics of media and culture, energy economics, environmental economics, global warming, growth miracles, law and economics Tags: climate activists, climate alarmism, extreme poverty, The Great Enrichment, The Great Escape, vexatious litigation
The sources of low carbon energy since 1965
14 Apr 2016 Leave a comment
in economic history, energy economics, environmental economics Tags: atomic energy, hydroelectric power, nuclear power, solar power, wind power
@CFigueres seriously mistaken on carbon emissions and global poverty
13 Apr 2016 Leave a comment
in applied welfare economics, development economics, economic history, energy economics, environmental economics, global warming, growth disasters, growth miracles, Public Choice, rentseeking Tags: climate alarmism, extreme poverty, global poverty, The Great Escape
Utopia, you are standing in it! 
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