More than a decade ago, I penned a 175-page overview/primer for the London-based Institute of Economic Affairs (IEA), titled Climate Alarmism Reconsidered. This work was the result of a decade of studying, writing, and debating about climate and energy policy at Enron Corp where I was a full-time employee (1985–2001).
As director of public policy analysis, I was the Enron’s representative to the President’s Council on Sustainable Development (a Clinton/Gore task force). I also was involved with the World Energy Council drafting of Living in One World: Sustainability from an Economic Perspective, published in 2001. My comments, however, were rejected by the rest of the task force with distain; how could I not be alarmed at rising CO2 emissions, they stated. One member actually threatened to resign if my comments were incorporated in the draft.
The above experiences, as well as much tutelage from noted climatologist Gerald North of Texas A&M (an experience I describe here), as well as my own research in the free-market literature, resulted in my IEA effort post-Enron.…
“With Texas wind power capacity at more than double the state’s RPS minimum, repeal is unlikely to do much to change the profile of renewable energy in Texas. But repeal is still important, because it sends a clear signal that markets, not politics, should decide what kinds of energy Texans use.”
Texas has always been big on energy. The state’s long history of oil and gas production is well known. And on the electric generation side, Texas ranks first in the nation nuclear power and has the most installed wind capacity of any state.
While the willingness to develop our energy potential is unrivaled, the means has not always been the best. Like in other states, and the U.S. as a whole, Texas has periodically tried to prop up or hold back different forms of energy via special protections, subsidies, or mandates, rather than letting markets and the price system decide the best energy mix.…
“We believe it is both unwise and unjust to adopt policies requiring reduced use of fossil fuels for energy. Such policies would condemn hundreds of millions of our fellow human beings to ongoing poverty. We respectfully appeal to you to advise the world’s leaders to reject them.”
“The risks of poverty and misguided energy policies that would prolong it far outweigh the risks of climate change. Adequate wealth enables human persons to thrive in a wide array of climates, hot or cold, wet or dry. Poverty undermines human thriving even in the very best of climates.”
As world leaders contemplate a climate agreement, many look to you for guidance. We commend you for your care for the earth and God’s children, especially the poor. With this letter we raise some matters of concern that we ask you to consider as you convey that guidance.…