“Government interventions are problematic, so intervene only when the case is fully proven.”

– Margaret Thatcher, Statecraft: Strategies for a Changing World. New York: HarperCollins, 2002, p. 453.

“An Inconvenient Truth About Margaret Thatcher: She Was a Climate Hawk,” declares Will Oremus in Slate. In “The Iron Lady’s Strong Stance on Climate Change” (Daily Climate, reposted at Climate Progress), author Douglas Fischer notes “how seriously [Margaret Thatcher] viewed the threat of climate change and the robustness, more than 20 years ago, of climate science and United Nations body tasked with assessing state of that science.”

True, UK Prime Minister Thatcher was the first and most important international figure to champion the cause of climate alarmism. But the above authors conveniently stop their discussion with her pronouncements in the early 1990s.…

The major premise of the International Monetary Fund’s carbon tax proposal is the concept of social cost. According to the IMF, fossil-fuel consumers do not pay for all the harm they do to public health and the environment. Hence, the IMF reasons, fossil energy is under-priced, society consumes too much of it, and corrective (“Pigouvian”) taxes are needed to achieve “efficient” energy markets.

The IMF acknowledges that social cost of carbon (SCC) “estimates in the literature have varied considerably, ranging from $12 per ton (Nordhaus, 2011) to $85 per ton (Stern, 2006).” The IMF’s “estimates assume damages from global warming of $25 per ton of CO2 emissions, following the United States Interagency Working Group on Social Cost of Carbon (2010), an extensive and widely reviewed study.”

Actually, the Interagency Working Group recommends that agencies use four SCC estimates to calculate the per-ton benefits of CO2 reductions: $5, $21, $35, and $65.…

 The International Monetary Fund (IMF) recently published a report urging the world’s governments to “reform” energy subsidies estimated at $1.9 trillion in 2011. Eliminating government policies designed to rig markets in favor of particular energy companies or industries is a worthy goal. Unfortunately, that’s not the agenda the IMF is pushing.

The IMF seeks to shame U.S. policymakers into enacting a carbon tax. Assuming $25 per ton as the “social cost of carbon” (SCC), the IMF claims the U.S. massively subsidizes coal, gas, and oil — simply by not taxing the carbon content of fuels. Our total energy subsidy is estimated to be $502 billion a year, making America the world’s biggest energy subsidizer!

Not Taxing = Subsidizing?

Some may find the IMF’s terminology counter-intuitive, even Orwellian — as if not taxing carbon is a subsidy on a par with cash payments to politically-preferred companies or industries funded at direct taxpayer or ratepayer expense.…

“[Wind accident] data … is by no means fully comprehensive – CWIF believe that what is attached may only be the ‘tip of the iceberg’ in terms of numbers of accidents and their frequency…. Renewable UK confirmed that there had been 1,500 wind turbine accidents and incidents in the UK alone in the past 5 years. Data here … may only represent 9% of actual accidents. “

– Caithness Windfarm Information Forum (UK), Wind Turbine Accident Data to 31st December 2012.

My latest Forbes Political Energy post, Oil & Gas Isn’t Just One Of The Richest Industries, It’s Also One Of The Safest, examined the improving, impressive safety of the U.S. oil and gas industry compared to the much smaller (but accident prone) industrial wind power industry. The massive height of open-element wind turbines introduces hazards for high-up workers and from falling debris.…