“Japan is now the world’s largest supporter of coal-fired power plants in developing countries, using its advanced Ultra-Supercritical design. This clashes with the stance of the Obama administration, which has opposed the financing of coal-fired power plants anywhere in the world.”
Between 2007 and 2012, Japan provided more than $20 billion in financial support to build new advanced coal-fired power generation capacity in developing countries. This country’s Ultra-Supercritical coal-fired plants can be found in such places as Chile, Vietnam and India.
Japan is currently replacing many of its old coal plants with new advanced-design units and plans to build more than 40 new such facilities.
In short, Japan is placing the interests of its people ahead of climate change hysteria. Compare this to Obama administration’s war on coal whereby regulations are issued to prevent the use of coal and building new coal plants, even new, highly efficient Ultra-supercritical plants.…
Continue Reading“The wind PTC is critical to President Obama’s recently finalized carbon regulation. One of the ‘building blocks’ used to determine state targets includes significant increased installation of renewable energy—especially wind…. Without taxpayer subsidies like the PTC, the President will be unable to achieve his arbitrary renewable energy target.”
It is time for Republicans and fiscally-minded Democrats to put up or shut up on the centerpiece of Obama energy policy: the Production Tax Credit (PTC). It is high time that cronyism be replaced by an energy policy that is taxpayer-neutral and government-neutral. Obama’s climate alarmism and world government plans can only benefit from a 10th extension of this grievous government subsidy to the Enrons and GEs of the world.
This week, the American Energy Alliance, Heritage Action for America, Club for Growth, and Americans for Prosperity sent a letter in stark opposition to the PTC to the House Ways and Means Committee.…
Continue Reading“The U.N.’s own report shows that aggressive emission cutbacks—even if achieved through an ‘efficient’ carbon tax—would probably cause more harm than good.” (p. 2)
“Libertarians and conservatives in particular should not simply trust the assurances from the advocates of a carbon tax, but should instead read the relevant literature themselves. In both theory and practice, a U.S. carbon tax remains a very dubious policy proposal.” (p. 36)
– Robert Murphy, Patrick Michaels, and Paul Knappenberger, “The Case Against a Carbon Tax,” Cato Working Paper No. 33, September 4, 2015.
Are opponents of pricing carbon dioxide (CO2) in general, and a U.S. carbon tax in particular, uninformed about the physical science of man-made climate change? Are opponents also in denial about market-failure economic analysis?
Hardly. Serious intellectual flaws exist in the case for CO2 pricing in the peer-reviewed literature, even the mainstream scientific literature.…
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