Oil and Gas Kindle Hope of Economic Progress in South America

South America has been a major producer of oil and gas, with the fossil fuel sector contributing significantly to economic growth. Its emergence out of poverty will depend not just on production of fossil fuels but also on their use to drive an industrialized economy. Recent developments in the oil and gas sectors indicate that

Oil and Gas Kindle Hope of Economic Progress in South America Learn More »

Environmental Activism as Carbon Imperialism: Nightmare for the Poor

Environmental activism can delay or even stop development projects in developing countries. Not all of it is wrong, but more and more of it is, especially concerning hydrocarbon-based power plants in developing (and developed) countries. I live in India. With a population of 1.3 billion, nearly 300 million live in poverty, excruciating poverty compared to

Environmental Activism as Carbon Imperialism: Nightmare for the Poor Learn More »

Paris Panic: Governments Fail to Meet Their Climate Commitments, and Some Are Getting Farther Away

Political leaders and media personalities are fond of saying climate change poses an existential threat to humans and the planet. The weight of scientific evidence doesn’t support this oft-made claim, and national governments around the globe seem to acknowledge this by their actions. Despite what is reported almost daily in the mainstream media, data from

Paris Panic: Governments Fail to Meet Their Climate Commitments, and Some Are Getting Farther Away Learn More »

To fix Africa’s hunger problem, bring on genetically modified crops

The economic situation in Africa has improved a lot since the 1990s.  Yet rampant poverty and food insecurity still impact millions of lives there. Currently, there is a huge demand-supply gap in the agricultural sector.  At least three hundred million are malnourished. The United Nations Food and Agricultural Organization defines food security as “a situation that exists when all

To fix Africa’s hunger problem, bring on genetically modified crops Learn More »

Electric vehicle subsidies and other fantasies

Electric vehicles (EVs) are the future. Everyone will want one because they’re emission-free, ecologically responsible, and more affordable every year. That’s why GM, Volvo, and other manufacturers will soon be making only EVs. Or so we’re told. Some people have high disposable incomes and do most of their driving locally. For them buying an EV

Electric vehicle subsidies and other fantasies Learn More »

Indiana Economists Endorse “Carbon Tax”—But Should They?

Recently fifty Indiana economists issued a public letter to their state’s legislature endorsing a “carbon tax” as an economically wise way to curb global warming by reducing carbon dioxide emissions. The fundamental premise of taxing CO2 emissions is that they cause more harm than good (and thus are what economists call a “negative externality”—a cost

Indiana Economists Endorse “Carbon Tax”—But Should They? Learn More »