A simple principle of economics is that value is subjective. Prices, and thus profit and loss, come from the (subjective) value that market participants place on goods and services. So if costs are greater than the revenues of a product, then economic value is lost; if revenues are greater than the cost, economic value is created.
Enter recycling, which has turned (even more so) into an economic loser in the current era of low commodity prices. What this means is that the cost of sorting and transforming trash into useful products is less than the revenue–and recycling should not be done.
And as the distinguished resource scholar Pierre Desrochers has explained, [1] recycling has been a loser for decades:
… Continue ReadingDomestic waste recycling has long been a money loser ever since plastics came along.
“Citing the iconic U.S. inventor and businessman Thomas Edison, who is credited for building the first modern power station on lower Manhattan’s Pearl Street in 1892, [Secretary of State John] Kerry said Edison would view today’s deployment of clean energy technology as evidence that ‘an energy revolution that he dreamt about is actually underway’.”
– Daniel Cusick, “Kerry Decries ‘Politics, Sheer Politics’ of Climate Denial,” ClimateWire,
John Kerry probably has a speechwriter. And that speechwriter is no doubt trying to come up with some new angle to make an energy/climate point for the boss.
But if Kerry thinks that Edison was dreaming about wind and solar to generate (intermittent) electricity, I would at least like to know about the source. The dreaming might have been speechwriter/Kerry for Thomas Edison, not Thomas Edison for speechwriter/Kerry.…
Continue Reading“The [Large Wind Energy Facility] Applicant shall assure the Town that there will be no loss in real property value within two miles of each wind turbine within their LWEF. To legally support this claim, the Applicant shall consent in writing to a Real Property Value Protection Agreement as a condition of approval for the LWEF. This Agreement shall provide assurance to non-participating real property owners (i.e. those with no turbines on their property) near the LWEF, that they have some protection from LWEF-related real property values losses.”
As Master Resource readers know, the Alliance for Wise Energy Decisions (AWED) promotes sound scientific solutions. One of our main interests is to provide communities encountering proposals for industrial wind-energy installations reliable, up-to-date information (see WiseEnergy.org) and protection.
Based on our recent work with some New York communities, a model wind ordinance law has been devised for use in other locals.…
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