Climate Impacts of Waxman-Markey (Part II)—Global Sign-Up

By Chip Knappenberger -- May 7, 2009 42 Comments

Yesterday’s MasterResource post looked at the potential climate impacts of the proposed Waxman-Markey Climate Bill. But I limited my analysis to only U.S. actions—after all, Waxman-Markey can’t mandate international man-made greenhouse gas reduction timetables. But, what would happen if the rest of the world wanted to join in?

The Bottom Line

The ability of the industrialized world, through emissions reductions alone, to impact the future course of global climate is minimal. If the U.S., Canada, Australia, Japan, Europe, and former Soviet countries all limited their emissions of greenhouse gases according to the schedule laid out under Waxman-Markey—a monumental, unexpected development—it would, at most, avoid only a bit more than one-half of a °C of projected global warming (out of 4.5°C—or only about 10%). And this is under worst-case emissions assumptions; middle-of-the-road scenarios and less sensitive climate models produce even less overall impact.…

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Climate Impacts of Waxman-Markey (the IPCC-based arithmetic of no gain)

By Chip Knappenberger -- May 6, 2009 176 Comments

Editor Note: Using mainstream models and assumptions, Mr. Knappenberger finds that in the year 2050 with a 83% emissions reduction (the aspirational goal of Waxman-Markey, the beginning steps of which are under vigorous debate), the temperature reduction is nine hundredths of one degree Fahrenheit, or two years of avoided warming by 2050. A more realistic climate bill would be a fraction of this amount. The author will respond to technical questions on methodology and results and invites input on alternative scenarios and analyses.

“A full implementation and adherence to the long-run emissions restrictions provisions described by the Waxman-Markey Climate Bill would result only in setting back the projected rise in global temperatures by a few years—a scientifically meaningless prospect.” (from below)

The economics and the regulatory burdens of climate change bills are forever being analyzed, but the bills’ primary function—mitigating future climate change—is generally ignored.…

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Christopher Flavin (Worldwatch Institute) on the Benefits of Electrifying the Developing World (quotations from the past to challenge prospective CO2 caps)

By Robert Bradley Jr. -- May 2, 2009 4 Comments

“Today, 1.6 billion people in developing countries do not have access to electricity in their homes. Most of the electricity-deprived are in sub-Saharan Africa and south Asia. For these people, the day finishes much earlier than in richer countries for lack of proper lighting. They struggle to read by candle light. They lack refrigeration for keeping food and medicines fresh. Those appliances that they do have are powered by batteries, which eat up a large share of their incomes.”

– Faith Birol, “Energy Economics: A Place for Energy Poverty in the Agenda?” The Energy Journal, Vol. 28, No. 3 (2007), 1–6, at 3.

Chris Flavin, head of the Worldwatch Institute, has written prolifically (albeit often erroneously) on energy and the environment. Ken Lay, the architect of Enron’s “sustainable energy” vision, was a Flavin fan, keeping this study in his “Desk.”…

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Questar’s CEO on Energy and Climate Realities (A pretty darn good industry speech in our age of T. Boone Pickens, Aubrey McClendon, and other energy interventionists)

By The Editor -- May 1, 2009 4 Comments

Editor’s note: Keith Rattie, Chairman, President and CEO of  Questar Corporation, headquartered in Salt Lake City, Utah, gave this speech at Utah Valley University on April 2, 2009. The full version is on Questar’s website. Subtitles have been added.

Energy Myths and Realities

There may be no greater challenge facing mankind today – and your generation in particular – than figuring out how we’re going to meet the energy needs of a planet that may have 9 billion people living on it by the middle of this century. The magnitude of that challenge becomes even more daunting when you consider that of the 6.5 billion people on the planet today, nearly two billion people don’t even have electricity – never flipped a light switch.

False 1970s Consensus

Now, the “consensus” back in the mid-1970s was that America and the world were running out of oil.

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Government CO2 Pricing and Protectionism: Two Peas in a Pod (trade wars and worse as potential costs of GHG mitigation)

By Robert Bradley Jr. -- April 29, 2009 3 Comments Continue Reading

Capitalist Reform to Reduce International Oil Demand: Getting World Refiners to Price at Market

By Donald Hertzmark -- April 23, 2009 3 Comments Continue Reading

Pew Center Realism Towards ‘Kyoto II’: Game, Set, Match Adaptation?

By Robert Bradley Jr. -- April 8, 2009 1 Comment Continue Reading

Could Carbon Capture Keep the Lights on in a Carbon-constrained World?

By -- April 2, 2009 No Comments Continue Reading

The 70s: Bad Music, Bad Hair, and Bad Energy Policy (What Obama can learn from Carter)

By Donald Hertzmark -- March 25, 2009 6 Comments Continue Reading

Is Cap-and-Trade Inherently Protectionist?

By -- February 23, 2009 5 Comments Continue Reading