Is geoengineering inevitable?
There’s been a lot of attention paid to a geoengineering “experiment” conducted recently in the North Pacific. A team distributed iron into the ocean: This is a form of geoengineering because, in many parts of oceans around the world, iron is the main nutrient that limits the growth and productivity of phytoplankton. If you add more iron in these areas, then there will be substantial blooms of plankton. The photosynthetic activity from those plankton wou...
CONTINUE READINGThe trouble with resource shuffling
Federal Energy Regulatory Commission (FERC) Chairman Jon Wellinghoff recently voiced concern that California's cap-and-trade program could lead to unforeseen consequences that would upset energy markets. He was speaking about resource shuffling, and echoing a letter his fellow Commissioner sent to the California Air Resources Board (CARB) in August. What is resource shuffling? According to CARB, they will know it when they see it: “Resource Shuffling” means any pl...
CONTINUE READINGDoes the Electoral College Cause Lousy Climate Change Politics?
Dan and I have lamented the failure of the current national "debate" (if it be called that) to raise the issue of climate change, the greatest environmental threat that humanity has ever faced. But why is that? One can assign the blame to many institutions, and I have, but one might have been overlooked: the electoral college. Both the Romney and Obama campaigns are criss-crossing swing states in an effort to extract that last little bit of commitment from uncommitt...
CONTINUE READINGThe True North Strong and Dumb
A few months ago, Rhead set a Legal Planet record for attracting comments: 33 (mostly hostile) reactions on a relatively straightforward post about how Canada had achieved the gold medal for "fossilhood", i.e. most antagonistic to a climate treaty. Well, it appears as if Rhead has understated the matter: Federal Conservatives are downplaying concerns over Prime Minister Stephen Harper’s newly-selected boss for Environment Canada and the bureaucrat’s knowledge about ...
CONTINUE READINGClimate Change and Tonight’s Debate
A key issue is missing from the list of topics for tonight's debate. Climate change is a global problem with global impacts, ultimately requiring a global solution. Climate change is a threat multiplier from the point of view of national security, intensifying the risk of international conflict and terrorism. (See here for more.) It has been a subject of U.S. diplomacy for more than twenty years, and it fully deserves a place in tonight's foreign affairs debate. The ...
CONTINUE READINGThe Damage Caused by Climate Change Induced Natural Disasters
Joe Romm has posted a mildly interesting post on the damage from natural disasters. A couple of thoughts. 1. Ignoring the last year of the data, the reported Figure 15 shows that in the average year that North America suffers roughly 15 billion dollars worth of damage from natural disasters. I have two evil points to make. First, given that unemployment is high such damage actually creates a demand to rebuild (so Mother Nature is a Keynesian stimulus). Second...
CONTINUE READINGGood News On U.S. Carbon Emissions
At Copenhagen, President Obama pledged to cut carbon emissions by 17% by 2020 below 2005. According to Resources for the Future (RFF), the most respected think tank on energy issues, the U.S. is "on course to achieve reductions of 16.3 percent from 2005 levels in 2020." RFF identifies three contributing factors: EPA regulations under the Clean Air Act, trends in relative fuel prices (especially cheaper natural gas) and energy efficiency, and state efforts. "Perhaps e...
CONTINUE READINGEncouraging Precautionary Investment in an Increasingly Risky World
The NY Times has published an Opinion Piece about reducing wildfire risk in the American West. Due to climate change, actions such as machinery creating sparks that ignite brush are more likely to happen. When we anticipate this chain of events, what ex-ante actions should we take? Should there be more brush clearance in a vicinity of the train tracks? If your answer is "yes", then what sets of laws do we need to encourage more precautionary investment? Of c...
CONTINUE READINGReally, David Brooks?
I sat down at my computer this morning intending to blast away at an academic article I'm writing but only after peeking at the NY Times. I thought a little newspaper reading would be the end of my procrastination until I read David Brooks, something I don't always do but couldn't resist when I saw the headline, "A Sad Green Story." But once I read it I had to respond. I knew from the headline that Solyndra would make an appearance. What I didn't expect was that A...
CONTINUE READINGWhat Happens When You Feed Garbage Data to a Nobel Prize Winner? — The Bizarre Story of the Phantom Job Gains from Romney’s Deregulation Plan
Deregulation is one of Romney's five steps in his plan to add jobs. But how do we supposedly know that deregulation will add jobs? It's a fascinating story, featuring a Nobel laureate's economic model. The model is very fancy, lots of complex math, but it's justified on the basis of data from a discredited study. Garbage in, garbage out. The story begins with a new white paper from the Romney campaign. Four leading economists attempt to provide an explanation...
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