“Unfortunately, both the news media and many colleges continue to proclaim the myth that acid rain is a dangerous problem. In any case, if you do come in contact with either lemon juice or acid rain, be sure to wash it off as soon as possible.”
For almost a month, the ongoing saga of the eruption of Hawaii’s Kilauea volcano has captured the attention of world media. Fountains of red-orange fire, lava flows, and ash-plume explosions destroyed dozens of homes and forced thousands of residents to flee the area. But media warnings about dangerous acid rain resurrected a long-believed myth of the environmental movement.
CBS and CNN ran with headlines listing acid rain as a danger from the Kilauea eruption. US News said, “Acid rain could be the next threat Hawaii residents face in the coming days…” CNN stated “if you do come in contact with acid rain, wash it off as soon as possible.”…
Continue Reading“The term ‘buyer beware’ might provide an appropriate warning; but that term implies the buyer has a choice. Therefore, we will just leave it ‘beware’.”
The purpose of this document is to provide a rough estimate for some of the economic costs of moving American consumers away from the direct use of fossil fuels per the objective of “deep decarbonization” and show the math involved. First, we need to define what “deep decarbonization” and “electrification” are. “Deep Decarbonization” is the term-of-art for climate stabilization through the decarbonization of the World’s energy systems. Replacing consumers direct consumption of natural gas and gasoline, along with other forms of fossil fuels, and on to renewable-dominated electricity, is the means of achieving this global objective.
The concept officially started with a June 2015 G-7 goal “to end their dependence on fossil fuels.”…
Continue Reading“No jurisdiction in Canada has implemented the academically-ideal carbon tax that is revenue neutral, replaces regulations, is based on a properly deflated social cost of carbon, or eschews governmental dictates in energy markets.”
“The belief that governments will not adapt the ‘textbook’ carbon tax (which is revenue neutral, offsets regulations, and does not intervene in energy markets or technology selection) is not skepticism or cynicism—it’s historic fact.”
The Internet is abuzz over a report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy.
Specifically, the report shows that the carbon price the federal government is mandating all provinces to impose on businesses and residents in the years ahead could create substantial headwinds for the Canadian economy.
For example, under one set of assumptions in the PBO analysis, where the provincial governments simply rebate all carbon price revenue, provincial cooperation with the federal floor would reduce the size of the Canadian economy to the tune of 0.5 percent in 2020.…
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