Last month, an article in The Economist tried to make the case that global warming is or ought to be an urgent concern for developing countries. My letter protesting the speculative and unsubstantiated claims of the piece was prominently published in the current issue. Although the editors of The Economist changed my title, dropped the references, and made it somewhat briefer, the printed version is quite faithful to the spirit of the original, which is available here.
For the public record, my full version is provided below.
A badly developed climate backgrounder
SIR — The Economist’s article, A bad climate for development (September 17), which also serves as a backgrounder for an online debate on climate change, is not only selective in the information it presents, it is riddled with speculation and unsubstantiated claims.…
Continue ReadingEditor’s note: This article is the second of two on shale gas production. The first dealt with the U.S. situation; this one looks at the potential impacts of shale gas production in Europe and China.
Natural gas production in Europe, currently just over 11 Tcf, has been falling rapidly over the past decade. About three fourths of Europe’s gas is produced in just three countries: the UK, Norway and the Netherlands. Production peaked in 2003 at 13.5 tcf.
Consumption, on the other hand, continues to rise. Gas use in Europe stood at 20.5 tcf in 2008 and is likely to increase further as coal-fired power plants retire or are phased out of service for environmental reasons. Most of Europe’s imported gas comes from Russia (about 80%), with the remainder mostly as LNG.…
Continue ReadingLast weekend, Sens. John Kerry (D-MA) and Lindsey Graham (R-SC) co-authored an op-ed in the New York Times titled, “Yes We Can (Pass Climate Change Legislation).”
Kerry and Graham want to pass a Senate companion bill to H.R. 2454, the American Clean Energy and Security Act (ACES), also known as Waxman-Markey, for its chief sponsors, Reps. Henry Waxman (D-CA) and Ed Markey (D-MA). Waxman-Markey narrowly passed in the House by a vote of 219 to 212. Only eight Republicans — under 5% of those voting — supported the bill.
Republican Opportunity
The overtly partisan character of Waxman-Markey is one of the reasons some observers conclude that Congress will not pass a cap-and-trade bill this year. Cap-and-trade “works” by raising consumer energy prices, and Democrats are loathe to increase household utility bills and pain at the pump unless they can snooker Republicans into giving them bipartisan cover.…
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