“We should not be using models to ‘validate’ policy and regulations. We should be using the models to better inform policy debates and avoid picking technological winners and (more frequently) losers.”
California’s Global Warming Solutions Act of 2006 (AB 32) put the state on a track rejected by the nation as a whole: a regulatory limit on carbon dioxide (CO2) emissions. This policy, which I have criticized as elitist climate policy postmodernism [1], is an all pain, no gain policy with high implementation costs.
The result of AB 32, California’s Low Carbon Fuel Standard (LCFS), has been debated for six-plus years, including the release of rival studies estimating regulatory impacts. Studies do not debate the climate-change impacts because the answer is … nil.
LCFS requires fuel producers to lower the average carbon content of their products 10 percent by 2020.…
Continue Reading“Absentee landowners may be gaining financially from [wind power] development, but the idea that ‘wind farming’ is a compatible agriculture use is more myth than reality in Illinois…. In fact, those Illinois farmers who have leveraged their operations conservatively tell us that they’re not interested in the ‘windfall’ of wind farming.”
The wind industry continues to claim that wind “farming” and agriculture are compatible land uses. Here it is again in a recent letter in the Wall Street Journal by the American Wind Energy Association defending the economics of wind power.
For years, politicians and urban/suburbanites have been treated to heaping doses of win-win business tales of family farmers leasing sections of their crop land for wind development, while working the soil right up to the towers and earning extra revenue to keep the land open.…
Continue ReadingTuesday July 2 begins my new Mises Academy online class, “Adventures in Energy Economics.” This five-week $59 course will cover the economic treatment of depletable natural resources, pollution, and climate change, as well as the current public policy debate.
The course naturally will focus on an entrepreneurial, property-rights, Austrian perspective, but the standard mainstream views will be accurately presented. All reading materials will be provided and are included in the course fee.
After the five-week course, the student will have a solid command of some of the major issues in energy economics and will be able to handle typical objections to laissez-faire capitalism coming from an environmentalist perspective.
Scope
The weekly lectures will run from July 2 through July 30. The first week will address the question, “Will we run out of energy?”…
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