Cap-and-trade, carbon taxation, net social cost for carbon: all assume that increasing emissions of carbon dioxide (CO2) and other greenhouse gases by mankind have injurious effects that are not accounted for in private activity. But the politically incorrect is intellectually correct: CO2 emissions make life better – even possible – for people, the economy, and the ecosphere.
Cost/Benefit Analysis
Weighing risks, costs and benefits is fundamental to life. We do it every day – when walking, driving, showering, heating our homes, and using stairs, ladders and tools; and when balancing the cost of new payments versus the benefits of a better home or car. The alternative is hunkering down in a bedroom or cave – until a lightning bolt, tornado, hurricane or armed burglar disturbs our false sense of security.
That is why government agencies are required to assess the benefits and costs of proposed regulations.…
Continue ReadingThe Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy & environmental policies. Our basic position is that technical matters like these should be addressed by using Real Science. It’s all spelled out at WiseEnergy.org, which is a wealth of energy and environmental resources.
A key element of AWED’s efforts is public education. Towards that end, every 3 weeks we put together a newsletter to balance what is found in the mainstream media about energy and environmental matters. We appreciate MasterResource for their assistance in publishing this information.
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Greed Energy Economics:
London School of Economics: Property Values do Decline
23 Texas wind project lessors sue over noise, nuisance and property value
Noise, property values factor in wind forum discussion
Renewable Energy Goals Must Be Balanced with Economic Realities
CAP counts ‘indirect jobs’ in green energy, ignores them for oil and gas
Germany to charge renewable energy facilities for their own use of electricity
Germany’s energy revolution on verge of collapse
Europe Starts To Run, Not Walk, Away From Green Economics
DOE: Making it easier to use taxpayer funds
Governor LePage is right – wind farm subsidies are poor use of government funding
High Renewable Energy Costs Damage Vermont’s Economy
Some wind projects double-dipping on US tax benefits
Be Leery of Investing in Failing Green Solutions
Duke Energy to seek reduction in payments to NC homes with solar panels
Another solar manufacturer goes under
Loss Of Production Tax Credits Brings Big Wind Chill
Fighting wind PTC expiration with Senator Wyden
Continue Reading“Less than 75 years after it officially began, the contest between capitalism and socialism is over: capitalism has won… Capitalism organizes the material affairs of humankind more satisfactorily than socialism.”
– Robert Heilbroner, “The Triumph of Capitalism,” The New Yorker, January 23, 1989, p. 98.
A major event in the history of political economy thought occurred in 1989 when socialist economics writer Robert Heilbroner (1919–2005) renounced his belief in central planning in the pages of the New Yorker. For anti-market liberals, this made it official: socialism was out of the mainstream. Socialism could not plan a modern economy and was an open sesame for totalitarianism. Hayek said as much in his 1944 classic, The Road to Serfdom. A trusted voice on the Left confirmed it 45 years later.…
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