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OpenMarket: Energy and Environment

  • House Republican Leadership Prepares Package of Climate Bills 

    January 25, 2020
    Axios ran an exclusive interview with House Republican leaders planning a package of legislation to address climate change. According to the Axios story, the package will include specific proposals grouped into three main areas: “1. capturing carbon dioxide emissions, with a focus on trees; 2. clean-energy innovation and funding; [and] 3. conservation, focusing on plastic.” The good news is that the package reportedly does not include taxes on carbon dioxide emissions or mandates to reduce emissions.
  • New Study Projects Net Carbon Dioxide Benefits through at least 2050

    January 24, 2020
    The benefits of carbon dioxide emissions are likely to exceed costs over the next 30 years, according to a new study published in the journal "Environmental Economics and Policy Studies." The authors, Kevin D. Dayaratna of the Heritage Foundation, Ross McKitrick of Guelph University, and Patrick J. Michaels of the Competitive Enterprise Institute, expect the social cost of carbon (SCC) to be negative at least through the mid-21st century. A negative cost is another way of saying a net benefit. 
  • Was 2019 the Second Warmest Year, and What Does It Matter?

    January 21, 2020
    The temperatures we are experiencing are consistent with a modest warming, and we may be in the zone where modest warming is a net benefit.
  • Warmest Decade - Climate Crisis Still a No Show

    January 17, 2020
    Is there good reason to believe climate change a “crisis” endangering the survival of civilization and the habitability of the Earth? No. If climate change were a bona fide “existential threat,” we would see some evidence of it in major metrics of human well-being. We don’t.
  • EIA Projects Renewables Will be “Most Used” Energy Source in 2050—but …

    January 13, 2020
    “With the rapid growth of electricity generation, renewables—including solar, wind, and hydroelectric power—are the fastest-growing energy source between 2018 and 2050, surpassing petroleum and other liquids to become the most used energy source in the Reference case,” the U.S. Energy Information Administration concludes in its newly released International Energy Outlook 2019. So, does that mean the world is rapidly phasing out fossil fuels? No.
  • Trump Administration Rewrites the Rules for the National Environmental Policy Act

    January 13, 2020
    President Trump on January 9 rolled out new rules to implement the National Environmental Policy Act of 1970 (NEPA). NEPA was enacted in 1970, and the current implementing rules were adopted in 1978. Since then, NEPA has become the preferred method for delaying major infrastructure and natural resource projects to death, both in the time it takes to prepare an Environmental Impact Statement (EIS) and the time it takes to dispose of multiple lawsuits.
  • Year in Review 2019: Climate Policy

    December 27, 2019
    The Trump administration this year continued to dismantle key components of President Obama’s climate policy “legacy.”
  • 2019: A Great Year for Light Bulb Freedom

    December 23, 2019
    Whatever else one may say about 2019, it was a banner year for consumer choice when it comes to light bulbs, culminating in the December 20th decision by the Department of Energy (DOE) declining to regulate them any further.  
  • UN Climate Conference in Madrid Fails to Set Rules for Carbon Trading Market   

    December 20, 2019
    The twenty-fifth Conference of the Parties to the UN Framework Convention on Climate Change (COP-25) was supposed to wrap up one issue remaining from last year’s COP-24 on implementing the Paris climate treaty—setting up the rules for an international greenhouse gas emissions trading market. 
  • Free-Market Coalition Opposes Transportation and Climate Initiative

    December 20, 2019
    Eleven Northeast states plus the District of Columbia on December 17th released a draft memorandum of understanding this week on how to implement their Transportation and Climate Initiative (or TCI). The draft memo lays out a framework for creating a “cap-and-invest” system to cut greenhouse gas emissions from the transportation sector.

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