“Efforts to sell Republicans on the idea that [a CO2 price] is the most market-friendly approach to the emissions problem have failed miserably, and will continue to fail.”

– Justin Gillis, Forget the Carbon Tax for Now, New York Times, December 27, 2018.

Oh, how the free-market climate realists (science, economics, politics) feel vindicated. The mainstream press has (belatedly) announcing the Carbon Tax politically dead and a distraction for the whole climate debate.

The article by veteran New York Times writer Justin Gillis was one of (at least) three remarkable reality pieces inspired by the year-end UN climate conference (COP 24) in Katowice, Poland. The others were:

• Politico‘s Why Greens Are Turning Away from a Carbon Tax,”(December 9, 2018) and
• FT’s Trump Has Officially Ruined Climate Change Diplomacy for Everyone (December 12, 2018).

“The Trump folks seem to believe that anything that has Obama’s fingerprints on it, no matter how sensible, they’re going to rescind, revoke and demolish, and it makes no sense at all.”

“[The climate conundrum] is scary and I’m not sure we’re gonna be able to turn it around.”

– John Holdren, December 2017.

This is Part II of a transcribed interview with John Holdren, leader of the energy/climate Malthusian school, by Climate One. Yesterday’s post critically assessed Holdren’s views on federal energy research and development, the Paris withdrawal, and China’s energy policy. Today’s post looks at his views on most other issues in the “energy sustainability” debate.

Holdren quotations are below in red, followed by my rebuttal comments indented in black (subtitles added).

Technology Boom in Renewable Energies

“… there have been huge improvement in battery technology.…

“Milton Friedman’s timeless energy insights should be appreciated for all time.”

Born on this day 106 years ago, free-market economist Milton Friedman (1912–2006) was one of a kind. Even the dyspeptic Paul Krugman called his rival “the economist’s economist…a very great man indeed—a man of intellectual courage who was one of the most important economic thinkers of all time and possibly the most brilliant communicator of economic ideas to the general public that ever lived.” The Economist (November 23, 2006) called him “the most influential economist of the second half of the twentieth century… and possibly all of it.”

Milton Friedman’s major professional mark was in monetary economics. But as a public intellectual, writing popular books and a biweekly Newsweek column, he became conversant in different fields, including energy.

Friedman understood how, for much of US history, major energy regulation was sponsored by some segment of the industry.…

“We build into our automobiles more power and greater gas consumption than we need. We use the press and radio to push the sales of more cars. We drive them hundreds of millions of miles a year in pursuit of futility.”

“With the exhaustion of our own oil wells in sight … much of our resource capital has been used up, but we still have our yacht, our stable of horses….”

– William Vogt. Road to Survival (New York: William Sloane, 1948), p. 68.

MasterResource documents the historical record behind the grand energy debate from the vantage points of business, economics, political economy, and history. What was said? When? Why? And to what effect?

One aspect of the debate has been the difference between natural market efficiency/conservation versus its political offshoot,  conservationism, defined as the belief that less usage is per se a moral good or economic necessity.…