June 2001 – EcoEquity

It’s hard for Americans, even progressive Americans, to imagine a future in which the U.S. is no longer the “indispensable country.” This is as true when it comes to climate politics as it is in any other area, and for much the same reason-the U.S. looms so large that it simply cannot be ignored. We emit, in particular, such a high share of world’s carbon that, in the end, any climate regime to which we do not immediately subscribe is doomed to failure.

Or so, at least, it seems. And it’s because it does that the history of the climate talks is a history of attempts to placate the U.S. Which is, again, a big part of the reason why the Kyoto negotiations-and the Kyoto Protocol itself-are in such a sorry state. The fact of the matter is that, barring sudden deliverance by a new energy revolution on a computer-boom scale, the U.S. as we know it today will refuse and resist any climate treaty even remotely appropriate to the threat. The fossil-fuel lobby is just too powerful here to expect anything else. Which is why, perversely and quite inadvertently, the Bush administration may have just done the world a colossal favor. Continue reading “Europe at the Crossroads”

Amory Lovins and other green techno-optimists have long argued that there are numerous technologies and policies that could reduce energy use and emissions at a net profitthe so-called no regrets policies that would save more money than they cost to implement. Conservative economists, many of them employed or supported by the Department of Energy, have argued that this simply cant be true, since energy marketslike all marketsare optimal. (This is the famous twenty dollar bill argument; i.e., there cant be twenty-dollar bills lying on the ground, because people would have already picked them up).

Many economists, of course, see the bills everywhere. 2500 economists including eight Nobel laureates signed the Economists Statement on Climate Change in 1997, which declares Economic studies have found that there are many potential policies to reduce greenhouse-gas emissions for which the total benefits outweigh the total costs. Continue reading “Lies and Economic Models”