We have a crisis in India, and it is not with the climate. Power plants for the world’s second-largest consumer of coal are running out of stock, leaving a billion people at the risk of blackouts and forcing industries to close facilities.To resolve the situation, the Indian government has authorized increased importation of thermal coal, removed all import duty on coal, is reopening hundreds of closed coal mines, and has asked existing domestic mines to produce at unprecedented rates. … [Read more...]
Elon Musk Calls ESG a “Scam”
Guest writer Jerry Bowyer is is the chief economist of Vident Financial, editor of Townhall Finance, editor of the business channel of The Christian Post, host of Meeting of Minds with Jerry Bowyer podcast, president of Bowyer Research, and author of The Maker Versus the Takers: What Jesus Really Said About Social Justice and Economics. He is also resident economist with Kingdom Advisors, serves on the Editorial Board of Salem Communications, and is senior fellow in financial … [Read more...]
States’ Opposition to Federal Social Cost of Carbon Use Survives Supreme Court Decision
For years the federal government, especially its Environmental Protection Agency (EPA), has sought to use “social cost of carbon” (SCC) as justification, at the cost of billions of dollars, for regulations making it more difficult to drill for and use fossil fuels. That practice can continue—for now.On May 26, the Supreme Court declined a request from 11 states to block the Biden Administration from using the estimated SCC in regulatory activities. The states had argued that the modeling to … [Read more...]
Germany’s Green Energy Fixation Should Teach US a Lesson
Germany’s new Chancellor Olaf Scholz’s government vice chancellor and economic minister Robert Habeck, a leading member of his country’s Green Party, has experienced a rude lesson regarding the disastrous consequences of his years of naïve opposition to fossil fuels.After tasking his top officials to assess the energy security implications of Germany’s dependence on Russian supplies in the event of a then-looming Ukraine invasion, their conclusions were desperately dispiriting.Habeck reportedly … [Read more...]
Must Fossil Fuel Extraction Be Stopped to Limit Global Warming?
“Fossil Fuel Extraction Must Be Stopped to Limit Global Warming.” That’s the headline of an article at Earth.com, an environmental activist website. It purports to convey the message of a study published May 17, 2022, in Environmental Research Letters, “Existing fossil fuel extraction would warm the world beyond 1.5°C,” though the study makes no such claim.According to the study, the world is already committed, through its 25,000 oil and gas fields and 3,000 coal mines, to … [Read more...]
CO2 Enrichment Improves Plant Water Use Efficiency
This article is the third in a series. You can read the first post here. and the second one here.“Gratefully, nature does not have to wait another century or so for the air’s CO2 concentration to double before reaping benefits from enhanced water use efficiency. It has already begun to profit in this regard from the approximate 50% increase in atmospheric CO2 that has occurred since the Industrial Revolution began.”In my last article I wrote about increased plant productivity … [Read more...]
Operation Climate-Change Choke Point
In a 2020 article published in the Cornell Journal of Law and Public Policy, Graham Steele described a detailed plan to use federal financial regulatory agency powers to implement a new national industrial policy without legislation. The plan was to use the powers of the financial regulatory agencies to restrict the flow of credit and capital to firms and activities that produce greenhouse gas emissions.The plan uses the Financial Stability Oversight Council (FSOC) to declare … [Read more...]
Cancel Mom’s Grocery Bag Misinformation
I don’t deliberately avoid organic foods or markets, but I don’t seek them out either. Claims that organic food tastes better or is more nutritious are not supported by evidence and certainly don’t justify the far higher prices. Mostly, I’m put off by assertions that organic food is pesticide-free, safer, and more planet-friendly. Those assertions are simply false advertising; deliberate misinformation.Mom’s Organic Market shopping bags provide an excellent example. They’re emblazoned with six … [Read more...]
Recovering the Moral Foundations of Economics
Editor's note: This piece was originally published by the Acton Institute over a decade ago. Many years later, this piece still provides a poignant reflection on economics, socialism, environmentalism, and Christian ethics. During the summer of 1980, I met weekly for breakfast, prayer, and study with a minister friend of mine. A warm-hearted, intelligent man, Bob Hager kept challenging me to broaden my interest from the biblical studies, theology, and apologetics that were my great loves to … [Read more...]
Can Computer Models Predict Climate?
Editor’s note: This article builds on ideas Dr. Essex discussed with Dr. David Legates and me on From the Stacks, our livestream program, on March 15, 2022 (view here). Parts of it address highly technical issues of advanced mathematics, physics, and modeling that many readers will find difficult to grasp. Nonetheless, we encourage a thorough reading. Even without grasping the highly technical points, you’ll find its main points reasonably clear and persuasive and its conclusions both sound … [Read more...]
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