Follow the Money (Again!): New Investment in the World Energy System Still Dominated by Fossil Fuels
It’s that time of year again. Last month, the International Energy Agency (IEA) released its annual World Energy Investment Report, providing a survey of investment trends in the global energy sector. If you want get a sense of where capital is going in the world energy system, this is one of the best sources out there. …CONTINUE READING
What are capacity markets and why do they matter?
If you live in the Midwest, East of the Mississippi and North of the Mason-Dixon line, or in Arkansas or Louisiana, the companies that generate your electricity are covered by what are called capacity markets. I’ll bet you didn’t know that. That’s actually part of the problem, because there’s very little transparency and hence little …CONTINUE READING
Legally deficient? Arbitrary? Disguised special interest favors? All par for the course in this Administration.
You couldn’t ask for a more typical example of the Trump Administration at work. Nuclear and coal plants are being closed across the country, unable to compete with cheap natural gas and increasingly cheap renewables. In a desperate effort to support the coal industry, Trump wants to force consumers to subsidize these plants. It’s not …CONTINUE READING
Should We Take Into Account Government Subsidies that Reduce the Risks Borne by the Nuclear Industry as We Consider Our Energy Future?
As I’ve written about before, U.S. law massively subsidizes the nuclear power industry. In particular, a law called the Price-Anderson Nuclear Industries Indemnity Act dramatically skews the incentives to develop nuclear plants, and to site them in places where there is a lot of risk, because it requires the public to bear much of the …CONTINUE READING
In the wake of Japan’s developing nuclear crisis, people have begun questioning the future of US nuclear policy. Here is Sen. Lieberman, cautiously arguing for a review of nuclear power safety: I think it calls on us here in the U.S., naturally, not to stop building nuclear power plants but to put the brakes on …CONTINUE READING