“From the East Coast to the West and across the political spectrum, House lawmakers remain divided over how to protect America from losing a competitive edge to China and other nations under climate change legislation.
“At issue is how to prevent cement, steel, aluminum and other energy-intensive industries from responding to proposed new laws that could have the effect of slashing emissions by shuttering factories only to reopen them in countries unfettered by costly regulations.”
– Lisa Friedman, “Climate law poses trade risks; lawmakers unsure how to respond” E&E News, April 28, 2009 (subscription)
Marlo Lewis’s post, Is Cap-and-Trade Inherently Protectionist?, linked carbon dioxide regulation, U.S.-side tariffs (“border adjustments”), and international protectionism. Indeed, the interventionist dynamic–regulation expanding from its own complications and shortcomings–is a major theme of political economy.…
Continue ReadingNow that the U. S. Environmental Protection Agency (EPA) has announced intent to find that greenhouse gas emissions (primarily carbon dioxide) from human activities lead to the “endangerment of public health and welfare,” the question arises: What could EPA theoretically do about it? (I’ll leave the politics to others.) In other words, can a U.S.-side agency conceptually protect U.S. citizens from the endangerment of their health and welfare from the global issue of global warming?
It turns out that they cannot do much of anything. EPA is simply saber-rattling to get Congress’s attention. If the agency was forced to actually draw their weapon in battle, they would be holding a rubber sword against a massive and growing global force. The bottom line: the EPA is brandishing only about 0.0033ºC/yr-worth of global temperature influence—and that is only if it managed to shut down all greenhouse gas emissions from U.S.…
Continue ReadingLast month, our friends over at the Heartland Institute published a front-page lead story in the April, 2009 edition of Environment & Climate News. Alyssia Carducci’s “Palin Energy Plan Receives High Praise” begins:
“Alaska Gov. Sarah Palin (R) has announced an ambitious plan to produce half of the state’s electricity from renewable sources by 2025. Palin’s plan, which empowers local municipalities to identify and develop the most cost-efficient renewable power sources available to them, won immediate praise from environmental groups, consumer groups, and industry.”
This article is yet more evidence that the inexplicable conservative love affair with Sarah Palin remains unrequited—at least, when it comes to economic policy in general and energy policy in particular. But Republicans, as the kids might say, “She’s just not that into you.” Let’s examine the litany of problems with Plain’s approach to energy.…
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