While this speech is mostly hogwash, I am surprised and delighted to be able to find one thing to praise in it:
Later this week, I will work with my colleagues at the G20 to phase out fossil fuel subsidies so that we can better address our climate challenge
This is the right thing to do, for reasons I explained in my recent paper co-written with Sterling Burnett of NCPA (extract follows jump).
While many governments of developed nations argue for a worldwide reduction…
The old central powers (Germany, Austria, Hungary) seem to have come together again in opposition to plans to phase out incandescent light bulbs in favor of the more expensive twirly kind:
Germans, Austrians and Hungarians are hoarding energy-hungry light bulbs, which have fallen out of favour in other European countries, ahead of a European Union ban that takes effect next month.
The scramble for conventional bulbs illuminates the challenges of persuading consumers to embrace environmentally friendly shopping habits - particularly in the midst…
“Not one dime,” said President Obama in his address to Congress, referring to how much extra tax people earning under $250,000 a year will have to pay in his budget. Unfortunately, even if you don’t have to pay extra tax, you will have to pay extra fees for your energy, which are passed on to the government via energy companies. That’s the effect of the President’s cap-and-trade scheme for carbon emissions, an important part of his new budget. Energy companies…
From today’s Greenwire:
NEW YORK — The crisis roiling Wall Street is threatening to choke financing for green energy projects. Venture capitalists and private equity firms could fill the void as traditional financing options dry up. Indeed, private equity fund managers say the current turmoil could turn into a net positive for them: As debt markets turn their backs on green energy companies, many will look to venture capital and private equity to get backing for new projects or expansions. But…
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