Matthew Curtin’s Heard on the Street in the December 22nd Wall Street Journal, Green Investments Are Being Clouded by Copenhagen, caught my eye. Copenhagen not so much failed as energy reality won. The 19th century British economist W. S. Jevons would have smiled as neo-Malthusian politics fell victim to old fashioned consumerism, economic growth, free trade, and energy economics 101.

Copenhagen also brings into review the risky political capitalism model where profit-making is tied to special political favor rather than underlying consumer demand. Enron’s core business model was tied to rent-seeking, part of the problems that brought down the company in spectacular fashion.

Here is what Mr. Curtin wrote:

The Copenhagen climate summit will do little to spur further investment in environmental technologies.

That is hardly surprising given the fundamental flaw at the heart of the process: Negotiations to reduce global carbon dioxide emissions were premised on how much of the gas nations produce, rather than what they consume.

Editor note: On November 10, 2009, Mr. Green testifedbefore the Senate Committee on Finance about global warming. During the course of his testimony, an obviously agitated Senator John Kerry (D-Mass.) challenged Ken on different aspects of the climate debate. His responses are printed here. [Part I of this series ran yesterday.]

1. Peer-Reviewed Publishing Revisited

Kerry seemed to think it somehow damning that I do not choose to publish in the peer-reviewed climate literature. First—as I pointed out when I introduced myself—while I am an environmental scientist by training, I have chosen to work on policy analysis, which I believe is as important as, or more important than, the science.

However, I would challenge his very premise, which is that peer review is a meaningful indicator of trustworthiness. Plenty of research suggests that peer review is deeply flawed, biased in favor of both extreme and “positive” claims, resistant to nonconfirmation studies, and highly incestuous, because review committees regularly screen out divergent viewpoints and consist of peers who coauthor work with each other.…

Editor note: On November 10, 2009 Mr. Green testifedbefore the Senate Committee on Finance about global warming. During the course of his testimony, an obviously agitated Senator John Kerry (D-Mass.) challenged Ken on different aspects of the climate debate. His responses are printed here. [Part II of this series is tomorrow.]

1. Not One Peer-Reviewed Paper Contradicts the “Consensus” View of the Climate Crisis
Sen. Kerry asserted that not one peer-reviewed paper contradicts the “consensus” view that greenhouse gas emissions will cause devastating consequences, and that we must limit their emissions radically to avoid the maximum “consensus” value of two degrees Celsius, which Kerry claimed was the point at which catastrophic damage would occur to the Earth’s climate. I offered to provide several.

Perhaps the central issue in climate science involves estimates of the sensitivity of the climate to anthropogenic greenhouse gas emissions.…

“[LEDs are] not the same. They’re weird-looking. They’re sized different and have these unusual ripples. If you have those interspersed with your traditional lights, they’re going to look dumb.”

– Interviewed consumer, AP Piece, December 21, 2009

An AP piece yesterday by by Sean Murphy, Many Take Dim View of New-Fangled Christmas Lights, is another example of some of the problems that occur when an (inferior) product is forced on consumers in the name of “energy sustainability” (aka, the futile climate crusade).

Small, unsafe, high-insurance-premium micro cars are bad enough (do these things work on the highway?). But also troubling is the assault on quality lighting–and more lighting per se–that hinder those whose mood is elevated by brightness and the many who have trouble coping with the dark. (Of course some can go too far with holiday lighting, as with any pleasurable activity.)…