environment

Unintended Consequences

Consider the tax credits for alternative fuels such as ethanol and biomass that were rolled into the 2005 Transportation Law to encourage energy independence. At the same time, re-consider the law of unintended consequences, enshrined in Adam Smith’s notion that the unregulated behavior of capitalists gives rise to an invisible hand “to promote an end which was no part of their intention.”

The tax law included a fifty-cent-a-gallon credit for the use of fuel mixtures that combined "alternative fuel" with a "taxable fuel" such as diesel or gasoline.  read more »

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GHG Emissions by Type of Geography

The suburbs, generally a haven for luxury SUVs, regimented lawn sprinkling, and keep-up-with-the-Jones purchases, are not often considered the front-runner in environmentally friendly living.  read more »

Generating Gasoline From CO2 Emissions

For some time it has been assumed that reducing greenhouse gas (GHG) emissions will require a shift to cars that do not use petroleum and to power plants that do not use coal, because of the emissions from these sources. All of this may be a false alarm.  read more »

Finally... A Rational Approach to GHG Emissions Reduction

Nicholas Stern, a former World Bank economist and author of the seminal “Stern Report,” injected a rare bit of reason into the discussions about global climate change in Cape Town recently. Stern said that if nations acted responsibly they would achieve zero-carbon electricity production and zero-carbon road transport by 2050  read more »

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Global Warming Cooling?

Back when the media was more obsessed with the state of global warming than the state of global lending, the environmental movement appeared completely ascendant. But with economic concerns in both Europe and North America on rise, their premier issue of global warming seems to be losing some of its political cache.  read more »