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 of doing business not borne by a firm but foisted off onto others—the typical case with pollution).Economists are right to say that taxing negative … [Read more...]
Fossil fuels help India overcome air pollution illnesses, deaths
This month, the Indian government announced its annual budget, an event that interests 1.3 billion people. The budget once again makes it clear that the government is pro-fossil fuels. India will continue making historic investments in the natural gas sector and prioritizing key measures to strengthen domestic gas supply for households.What many in the developed world do not know is that firewood used for household cooking is India’s biggest cause of indoor air pollution and associated deaths.In … [Read more...]
Toward a Renewable Chaos: Carbon Imperialism and Disadvantaged Smaller Nations
Net Zero, Climate Action, Build Back Better, and the Great Reset are some of the names for policies aimed at expediting the transition of the global energy sector from fossil fuel to renewable technology. The goal? Saving the planet from climate apocalypse.But there is a huge hurdle to make this transition a reality. Most of the world’s primary energy comes from coal, oil, and gas.Fossil fuels dominate the global energy sector, and there is a reason for that: they are reliable, abundant, and … [Read more...]
Does Climate Change Threaten the Global Food Supply?
Mainstream media tell us climate change has increased droughts and extreme heat events. (It hasn’t.) These, they say, reduce crop yields. For Christians concerned about poverty and hunger, this is an important issue.What does hard data say?Farmers are breaking all-time records for productivity. India for example, has produced record food crop output for three years in a row. The global picture is similar. World wheat production in 2020–21 will set a new record of around 768.49 million … [Read more...]
Sensible, sustainable nuclear power for Africa
Economic, environmental and practical reasons make nuclear power Africa’s best optionArticle also by Knox Msebenzi.Centuries ago European countries were scrambling to take control of large pieces of Africa, to increase their wealth and colonial prestige. They brought their sophisticated, advanced ideas and methods to Africa. This changed the developmental direction of African countries, and positive influences were absorbed, while a great deal of unhappiness and conflict also resulted when … [Read more...]
EU’s Carbon Border Taxes and Joe Biden’s Clean Energy plans: A double threat for developing countries
The introduction of the European Union’s Carbon Border Taxes and Joe Biden’s announcement of Clean Energy plans has raised double alarm in developing countries.The new European Carbon Border Adjustment Mechanism (CBAM) law will impact all countries exporting to EU, especially those countries without carbon pricing mechanisms. Countries like India, China, Indonesia, Philippines, and even developed ones like Australia, Poland are likely to significantly affected by the CBAM.Climate Justice and … [Read more...]
The Formula for a Richer World? Equality, Liberty, Justice
Guest column by Dierdre N. McCloskey[Editor's note: Dierdre McCloskey is one of the world's foremost economic historians, whose many books have provided extraordinary insights into how societies rise from poverty to prosperity and remain prosperous. We are grateful for Dr. McCloskey's permission to reprint this article, which first appeared in the New York Times and then was republished on the website of the American Institute for Economic Research.---E.C.B.]The world is rich and will become … [Read more...]
GM Crops: More Important to Africa’s Food Security Than Ever
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 people, at all times, have physical, social and economic access to sufficient, safe and nutritious food that meets … [Read more...]
China and India are growing their coal ambitions
Contrary to the perception of the mainstream media, China and India are increasing their coal capacity, and not moving away from it.On multiple occasions in 2020, soldiers from China and India engaged in border skirmishes resulting in casualties on both sides and months of trade uncertainty. The Indo-China border tension appears to have eased now, but did the heightened tension between the Asian energy giants impact the trade and growth of the Fossil fuel sector? China banned from … [Read more...]
Africa’s priority: Unrestricted energy development
Africa has been recording fast economic growth in the last two decades, with an average annual GDP growth of 4.6% (2000-2016).However, that has not been sufficient to meet the developmental goals and poverty is again on the rise. In recent years, poverty rose slightly in Africa for the first time in more than a decade, especially in countries like South Africa, Niger, and Uganda.To make things more challenging, COVID-19 has had a negative effect on the GDP. The GDP of South Africa—the most … [Read more...]
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