The market’s message is simple: coal’s day is ending. Three major coal companies (Alpha Natural Resources, Walter Energy, and Patriot Coal) have gone into bankruptcy. The two largest publicly traded companies (Peabody and Arch) are now trading for a dollar a share, down from $16 and $33 within the past … More >
Political polarization has gotten to the point where there would be immediate denunciations if the President issued a proclamation honoring apple pie. Another intrusion into consumer choice, besmirching those who prefer cherry and pumpkin! Another blatant overreach by an out-of-control, incipient tyrant!
Not only is every executive action accompanied by loud resistance, but … More >
On March 11, 2011, I was sitting in a coffee shop in Berlin, dressed appropriately in a black turtleneck and leather jacket, reading about the terrible Fukushima Daiichi Nuclear disaster. The next day I read that the German government was pushing for “Atomausstieg,” which is German for “let’s retire all … More >
With the historical release of the Environmental Protection Agency’s new carbon emissions policy, I took an extra day to comb through and digest the news. I have organized my intermediate microeconomics class around something called the “Yoga Theorem.” This almost universal truth states that the less flexible you are, the more … More >
I have read a number of news stories about air pollution in the major Chinese cities recently. A soupy smog of particulates, ozone, sulfur and nitrogen oxides hangs over Beijing, Tianjin and other northern cities. The concentration of particulate matter (PM2.5) in Beijing recently registered at 501 μg/m3, more than 15 … More >
You know this already, but let’s review:
Climate change is a global emissions problem.
California produces about 1% of the world’s greenhouse gas emissions.
Over the next few decades, the majority of emissions will come from developing countries.
If we don’t solve the problem in the developing world, we don’t solve the problem.
The … More >
What causes certain political figures either to deny the potential for climate change, or deny that human activity is a major cause?
That question came to mind while reviewing a new report issued by Ceres entitled Benchmarking Air Emissions for the 100 Largest Electric Power Producers in the United States. The … More >
If you put aside their environmental impacts, fossil fuels are wonderful for generating electricity. They are cheap, reliable, and currently in abundant supply. But the environmental drawbacks are considerable, and the most serious one is their contribution to climate change. To deal with climate change, do we need to adopt … More >
Over the past decade, plans for 160 new coal fired power plants in the United States have been scrapped, largely due to rising costs and an inability to compete in today’s energy markets. That’s because the cost of once-“expensive” clean energy has fallen dramatically, while “cheap” fossil fuels are increasingly … More >