Carbon Emissions

Carbon Taxes, Cow Farts, And Central Planning

In a centrally planned economy decisions on what to produce, how to produce, and for whom are taken primarily by the government. But not even Stalin or Roosevelt could come up with a rather exotic tool that can take central planning to a whole new level: carbon taxes.

Frontrunning: January 26

  • Trump heads to Philly to charm congressional Republicans (Politico)
  • Trump Set to Lay Out Plans for Safe Zones Inside Syria (WSJ)
  • Trump Wants to Build a Wall. Finding Workers Won’t Be Easy (BBG)
  • Sanctuary cities face huge cuts by Trump policy (Reuters)
  • Trump Faces Criticism Over Prospect of Enhanced Interrogation Techniques (WSJ)
  • U.K. Commons to Complete Article 50 Bill Debate in Two Weeks (BBG)

Senate Democrats Prepare For Their 2017 Theatrical Debut As Confirmation Hearings Loom

Starting Tuesday Americans will be subjected to what will feel like endless hours of torture as Senate Democrats get their opportunity to question Trump cabinet appointees.  Given that Republicans control a 52-48 majority in the Senate and that Democrats eliminated the 60-vote threshold in 2013, the Democrat theatrical displays will ultimately amount to nothing more than an attempt to discredit and shame Trump's appointees but should be fun nonetheless.

As The Dust Settles: Goldman Q&A On Life In Trumplandia

Expect the election result to increase policy uncertainty, warns Goldman Sachs, as a result of an increased pace of legislative action in 2017 without clarity, so far, regarding which issues the administration will prioritize. Over the near-term, much will depend on how financial conditions respond to the policy positions of the new administration. Despite today’s favorable market reaction, investors may take a dimmer view on proposals to raise tariffs or otherwise restrict international trade.

French 'Shocked' As Power Prices Spike To 8-Year Highs On Nuclear Reactor Probe Shutdown

The scale of forced closures in nuclear power-reliant France - 19 reactors offline and 12 more due to shut - is the biggest since the Fukushima disaster in 2011, after French nuclear safety watchdog ASN warned its sprawling probe into forged quality control reports on reactor parts would turn up more irregularities. These deepening setbacks have sent French power prices soaring to 8 year highs and are expected to spike more into the winter...

The Fuel That May Halt The Electric Car Revolution

Electric cars are often touted as the nail in the coffin for gasoline-powered vehicles. However, there’s another fuel revolution in the developing world, which is changing the economics of electric cars. Whether it’s CNG, LNG, autogas, or propane, gaseous-hydrocarbon fuels turn conventional cars into dual-fuel vehicles, and limit the uptake of electric cars in these economies.

Bill Gates And Other Billionaires Backing A Nuclear Renaissance

The nuclear reactors of tomorrow will not only be safer than the ones we already have – which are themselves safer than many believe – they will be much more efficient. Bill Gates’ TerraPower, for instance, has designed a traveling wave reactor, which utilizes nuclear waste. Another design, by two MIT researchers, again uses waste, mixed into molten salt. In short, the nuclear reactors of the future will utilize not just regular uranium but will take care of the waste as well – the same waste that raises so much concern among environmentalists and the general public.

Climate, Energy, Economy: Pick Two

“Everything that is not resilient to high energy prices and extreme weather events will become economically unviable... and approach worthlessness. On the other hand,... Investments of time, energy, and money in resilience will become more economically valuable..."

About Those Carbon Emissions

Ever since the discussions on how to address "manmade global warming" started to gain traction in the 1990s trillions of dollars have been spent on infrastructure, subsidies, R&D, regulations, trading schemes and even political organizations with the explicit intent of reducing greenhouse gas emissions. Alas, the world has changed considerably since the 1990s. Rather than diminishing, carbon emissions have actually increased by a great deal. Developing countries as a whole are now the #1 emitter. And many OECD (mostly developed) countries are trying to manage very difficult fiscal positions. In fact, the only thing that seems to have remained constant is the strategy on how to reduce emissions globally.

Beijing Astronomers Advise Residents Of "Rare Event" Tomorrow Morning

“From approximately 6:14 a.m. to 6:16 a.m., a small section of the Earth’s atmosphere should be perceptible to the naked eye when looking towards the southwest in Beijing... For anyone who hasn’t seen it before or isn’t sure what to look for, the sky will appear as a small, bluish area that should stand out clearly from its surroundings"

"Peak Oil Demand" - The Collapse Of The Old Oil Order

Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. But what happens if confidence in the eventual resurgence of demand begins to wither? Then the incentives to cooperate begin to evaporate, too, and it’s every producer for itself in a mad scramble to protect market share. This new reality -- a world in which “peak oil demand,” rather than “peak oil,” will shape the consciousness of major players -- is what the Doha catastrophe foreshadowed.