Archive | Economics

Discredited Strategy

Increasing allegations of corruption and profiteering are raising serious questions about the UN-run carbon trading mechanism aimed at cutting pollution and rewarding clean technologies By Patrick McCully The world’s biggest carbon offset market, the Kyoto Protocol’s clean development mechanism (CDM), is run by the UN, administered by the World Bank, and is intended to reduce […]

Continue Reading

Ethanol Vehicles for Post Office Burn More Gas, Get Fewer Miles

By Peter Robison, Alan Ohnsman and Alan Bjerga The U.S. Postal Service purchased more than 30,000 ethanol-capable trucks and minivans from 1999 to 2005, making it the biggest American buyer of alternative-fuel vehicles. Gasoline consumption jumped by more than 1.5 million gallons as a result. The trucks, derived from Ford Motor Co.’s Explorer sport- utility […]

Continue Reading

Big Money to be Made in Carbon Trading

Richard Sandor is cashing in on carbon “crops.” Mr. Sandor is the CEO of the Chicago Climate Exchange, a firm that is already making big-money deals with major companies to buy and sell paper representing non-carbon. Companies, like Ford Motors, who ostensibly aren’t emitting as much carbon as they could, sell their “crop” of non-carbon to […]

Continue Reading

The Real Cost of Tackling Climate Change

An opinion piece by Steven F. Hayward for the Wall Street Journal, April 28th: The usual chorus of environmentalists and editorial writers has chimed in to attack President Bush’s recent speech on climate change. In his address of April 23, he put forth a goal of stopping the growth of U.S. greenhouse gas emissions by the […]

Continue Reading

Natural Gas for Power May Mean Sharp Hikes in Utility Bills

The move away from coal-fired power generation in favor of wind and solar power is already impacting energy costs. Xcel Energy estimates Minnesota’s renewable energy mandates will lead to an average household electric bill increase of $300 to $400 per year. Adding to the cost problem is an increasing reliance on natural gas for electric […]

Continue Reading

Abdicating Minnesota’s Authority to California in the Name of Global Warming

Minnesota legislators concerned with reducing automotive emissions of greenhouse gasses have devised a drastic plan. Evidently, state lawmakers don’t trust themselves to establish pollution standards for Minnesota, because the bill they’ve crafted abdicates that authority to the California Air Resources Board (CARB).  CARB is a division of the California Environmental Protection Agency and consists of […]

Continue Reading

MCMAP Charts a Blind Course to Economic Hardship

Two independent studies announced in a press conference today find serious fault with a set of climate change mitigation policy recommendations being used by Minnesota legislators to craft economic, energy and pollution control policies. The Minnesota Climate Change Advisory Group (MCCAG) partnered with the Center for Climate Strategies (CCS) produced recommendations aimed at reducing greenhouse […]

Continue Reading

Climate-Change Policies Come with a Price Tag

Margo Thorning is senior vice president and chief economist of the American Council for Capital Formation. As Congress considers far-reaching federal climate-change legislation, there has been far too little discussion on the economic costs such policies would impose at the state, local and household levels. Make no mistake: From a financial standpoint, the burdens for […]

Continue Reading

From Climate Alarmism to Climate Realism

Here’s a copy the remarks made by Václav Klaus, president of the Czech Republic, delivered at the 2008 International Conference on Climate Change. Mr. Chairman, ladies and gentlemen, I would like first of all to thank the organizers of this important conference for making it possible and also for inviting one politically incorrect politician from […]

Continue Reading

Climate Change Will Cost Us

The global-warming panic agenda is all about government growth and lifestyle control, couched in more pleasant-sounding terms like “incentives,” “efficiency” and “climate-friendly.” They are anything but innocuous. This is becoming clear in the Gopher State. Minnesota’s Climate Change Advisory Group (MCCAG) recently approved its recommendations for Gov. Tim Pawlenty, who appointed its members, and for […]

Continue Reading

Biofuel Targets Likely to Cause Higher Food Prices

Biofuels are generally an expensive and ineffective way to cut greenhouse gas emissions when compared to other policies and are likely to cause increasing food prices and insecurity, concluded a UK government report yesterday. It also criticized the British and EU governments for pursuing targets for increased use of biofuels without putting in place ‘robust’ […]

Continue Reading

The High Cost of the Global Warming Scam

Current proposals by global warming advocates will likely cost billions of dollars and require a wholesale transformation of the nation’s economy and society.  Americans could be paying 30 percent more for natural gas in their homes and even more for electricity.   The cost of coal could quadruple and crude oil prices could rise by an additional […]

Continue Reading

A project of Minnesota Majority, hosted and maintained by Minnesotans for Global Warming.