(with Luciano Lavecchia)

Mr Lavecchia is a fellow and Dr. Stagnaro the research and studies director at Istituto Bruno Leoni. This post follows the release of their recent analysis for Italy showing that for every ‘green’ job created by government, 4.8 ‘gray’ jobs are lost in the private sector.

Tradeoffs: if you chose this, you can’t chose that. In economics this is called opportunity cost, which is the next-best alternative to what is actually chosen.

The proverb in popular culture for this is “you can’t have the cake and eat it, too.” The Italian translation is “you can’t have a full barrel and a drunk wife.”

Apparently, politicians are less familiar with such a everyday-life concept. To some extent, they are right: they can get a full barrel and a drunk wife at the same time, provided that taxpayers and/or future generations will pay for it.…

It is the irony of ironies. Taxpayer and ratepayer-forced subsidies for utility-scale windpower also subsidizes emissions of carbon dioxide (CO2). The same would be true under a national renewable portfolio standard as proposed in pending federal legislation.

Such is a vivid demonstration of the perils of unintended consequences and, to borrow a phrase, “an inconvenient truth” about wind power.

My recent four-part Wind Integration Realities reviewed two new studies, based on actual experience, that show fossil fuel consumption and CO₂ emissions areincreased, not reduced, with the introduction of wind. Their results were compared as well as to those of my fossil fuel and CO₂ emissions calculator for the same conditions. The brief summary in Part IV of the series is expanded upon here for clarity of this game-changing argument.…

Ultra-clarifying moments of truth are sometimes possible when environmental groups and their so-called allies end up in “family” squabbles, disagreeing over implementation of their ill-conceived schemes. The disarray, aptly described in prior posts at MasterResource by economist Robert Murphy and others as a civil war on the Left,” has become commonplace with respect to cap-and-trade proposals. And this is part of what Ken Green calls the death spiral of climate alarmism.

Just maybe the Coercion Crowd should throw up their hands and just say: give peace a chance!

Gaming the Carbon Market – Say It Isn’t So!

Yet another example of this discord, reported in a recent issue of E&E News PM, Climate: Enviro group outlines 10 schemes for gaming carbon markets — 05/18/2010 — www.eenews.net (access with free trial subscr.)…

Californians are attempting to reclaim the prospects of a top ten world economy from the disastrous downside of Global Warming Solutions Act (California Assembly Bill 32, or AB 32).

Leaders of the ballot measure campaign to amend the law filed over 800,000 signatures – well over the required 435,000 – to be able to vote on a proposition to delay the implementation of cap-and-trade, as well as 70+ other progeny regulations, until unemployment falls significantly.

Signatures are currently being verified by the Secretary of State, and the measure is expected to be on the November ballot.

Then versus Now

At the time the bill was originally signed in 2006, California’s unemployment rate was under five percent. According to the Bureau of Labor Statistics, statewide unemployment in April 2010 was a record high 12.6%.…